247

Absolute scam. Any time anyone asks you to open a bank account so they can send you money and then you have to send some portion of it back to them, it's a guarantee that it's a scam. What happens is that your dad will deposit the check and transfer it to this woman, then the check will bounce (or turn out to be fake altogether) and your dad will be on the ...


118

Banks are not indifferent to identity theft. They are just not sharing with you what they are doing. As well as the privacy reasons cited in the other answer, and the inability of the banks to conduct their own criminal investigation, there is another very important reason why the banks will not share their investigation with you. The most common kind of ...


107

The other answers describe why this is highly likely to be a scam. This answer describes why you don't want to get involved, even in the unlikely case that it isn't a scam. I'm describing this using US law (which I'm not particularly familiar with, so if I go astray I'd suggest others fix any flaws in this answer), but most other countries have similar ...


107

This is another version of an old scam -- "let me have a check deposited in your account because I can't open one for some reason, and I'll share some of the money with you." Here the scammer is promising to "start a business" with you as a way to gain your confidence and trust. The first danger sign is that you only know this person from online. They are ...


105

When this happens, your bank should give you your money back. Your bank will then recover the money from the bank that accepted the check, and that bank will then attempt to recover the money from whoever gave them the check. You have found yourself on the other end of the usual counterfeit check scam. In this case, the counterfeit check that they gave to ...


100

Yes, it is a scam. Think about it: Why would a stranger offer to give you money? Why would she need you to pay her own employees? She wouldn't. It is a scam. You have more to lose than just the $25 that is in the account. Just as has happened to your dad before, you will be receiving money that is not real, but paying real money out somewhere else. One ...


89

You're potentially in very deep water here. You don't know who this person is that you're dealing with. Before you'd even met him, he just gave you his banking info, seemingly without a second thought. You have no idea what the sources of his money are, so what happens if the money is stolen or otherwise illegal? If it is determined that you used any of ...


85

100% scam. It's not your job to pay other contractors on behalf of the customer. Ask yourself this: If the situation were reversed and the customer was saying he'd pay the other contractor, who would then be expected to pay you, would you take the job? I'm thinking probably not. It isn't difficult or expensive for the customer to send two payments - one ...


84

This sounds like a scam. Did they email you out of the blue to offer you this 'job', by any chance, and you'd never heard of them before? That's an incredibly large red flag in and of itself. While I don't know quite what the scam is likely to be, here's how I would suggest it might work: They sell something to Person A for, say, $500 You get sent $500 by ...


82

The best way is to either file a dispute (or threaten to) with their regulator. They do NOT need negative attention from a bank regulator, so it should get their attention if you show that you are aware of and willing to contact them. They take this extremely seriously. You can figure out who the regulator is using this helpful page on the Office of ...


78

Because banks still rely on processes and software that were established many decades ago, when constant, semi-instant communication was not technologically possible. Instead, you would have batch processes that run on huge mainframe computers overnight. Changing these processes is extremely difficult, because there are so many things tying into it - taxes,...


75

Frame challenge It’s easy to have multiple accounts with multiple banks without jumping through hoops. Halifax offer a current account with no monthly fee and no minimum pay in requirements. Nationwide offer a current account with no monthly fee and no minimum pay in requirements. Barclays offer a current account with no monthly fee and no minimum pay in ...


74

Don't do it. If it's not the classic scam described in Daniel Anderson's answer, then it's probably money laundering. In that case, the woman would actually wire you money, which you have to wire to someone else she names. This is done to enter illegally gained money into the regular money circulation, hiding the trail. If this is the case, you would have ...


69

This has all the hallmarks of a scam. If they really needed to charge a fee they could deduct it from the account balance. And if this fund has existed for a long time why didn't you already know about it and do something about it before? If you have reason to think it is legitimate, e.g. you actually knew the "American citizen" the money came from and have ...


66

I’m sorry to hear about your situation. There are a couple of issues at play. Parents are responsible financially for their kids until they turn 18. They are required to provide food, shelter, and clothing for you, and if you cause damages to someone, they are required to pay it. There are two results of this that affect your situation. First, it is not ...


64

There are essentially three ways to do this: Each of you have your own bank account. Shared costs are split between you equally (or whatever proportion you want). Any money left over is yours to do what you want with. This emphasises your financial independence from each other, and becomes much less tenable if you are not both working. One bank account. The ...


63

Arguably, "because they can". Canada's banking industry is dominated by five chartered banks who by virtue of their size, pretty much determine how banking is done in Canada. Yes, they have to abide by government regulation, but they carry enough weight to influence government and to some extent shape the regulation they have to follow. While this ...


60

Write them a letter demanding (no whining or pleading) that they close the account, and send it via certified mail (thus demonstrating that you sent them the letter and that they received it). Retain a copy of the signed letter and any replies they send. If at some point they start charging you service fees, sue them in small claims court, and show the ...


54

It is simple: you need budgeting to plan your smaller and bigger future expenses (and savings). Here some examples: I planned a budget of $100 per month ($1200 per year) for car maintenance and repairs . This money goes into another bank account. Over the last years i never needed more than this amount for yearly maintenance, new tires and surprise repairs ...


52

TL;DR - Do not attempt to take money from someone's bank account based on a verbal agreement, even if you feel you're entitled to it. OK, reading between the lines here it looks like the services offered by your company are of an "adult" (possibly illegal?) nature and that this individual has actually paid you in full for the services rendered up to this ...


49

Don't be afraid, but definitely leave the money in your account!!! It's spent money; the other bank just doesn't realize it yet. I'd probably call the CC bank and ask them what account they think the money came from. That may be the problem: they took it from the wrong account. EDIT: if your bank has Overdraft Protection via linked savings accounts, an idea ...


41

This is definitely a scam. Don't reply to the email at all. Don't forward it or save it. Just mark it as spam/junk in your email client and delete it. These emails are known as Nigerian scams or "dead customer scams", and there are several variations on this theme. For example: Someone will email you claiming that they need you to stand in as the next-of-...


39

There are different approaches, but here is what we do and what I recommend. Now that you are officially a married couple, open a joint bank account, and eliminate your individual accounts. There are several reasons for this. Having a joint account promotes unity and teamwork. When you only have a joint account, you do not have "your income" and "her ...


39

The Consumer Financial Protection Bureau states: ... state law generally requires banks or credit unions to close your account in a reasonable amount of time... You can find your particular state's bank regulator (and a direct link to file a complaint) in this CFPB list. The mere threat of such a complaint may shake loose a recalcitrant bank, so consider ...


37

If you are 100% positive you want to use your money for schooling, it may be worth looking into the Utah Educational Savings Plan (my529) You will need an adult to set it up for you but it does not have to be your mother "The account owner and beneficiary do not need to be related" It looks like you could then contribute directly and possibly even ...


35

I know people who work in the gulf and most contracts are of the 14 days on/ 14 days (or so) off flavor. I've never heard of someone being onboard a ship or platform for a year. I bet this is a scam.


34

I am from Germany and occasionally avoid Umlauts because I use a non-German keyboard layout. So I might share some experience here. Usually, the German financial institutions are ok with ue, ae, oe, sz/ss in upper- and lower-case variant. In the wild, even minor variants of the account holder name seem to be ok. What's most important is the IBAN, and the ...


34

I'm going to provide an answer that is somewhat of a devil's advocate. Disclaimer: I personally don't have a budget beyond some very loose guidelines (e.g. always spend money carefully, and never indulgently). I believe there are 2 criteria that you can meet that enable you to forego following a budget: Your expenses are flexible enough, and your income ...


32

JohnFx is right: banks hate visits and attention from the regulator (both positive and negative). I would not threaten to file, just file away and let them get in contact with you. The local branch is stalling you. Do not play their game. Since you already went through the first level of support (local branch, phone support), get the bank ombudsman contact ...


32

This is a scam, I'm adding this answer because I was scammed in this fashion. The scammer sent me a check with which I was to deposit. When the money showed up in my account, I would withdraw the scammer's share, and wire the cash to its destination. However, it takes a couple days for a check to clear. Banks, however, want you to see that money, so they ...


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