247 votes

Scam or Real: A woman from Facebook apparently needs my bank account to send money

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 ...
user avatar
117 votes
Accepted

Why do banks seem to be indifferent about identity theft?

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 ...
user avatar
  • 29.9k
107 votes
Accepted

Scam or Real: A woman from Facebook apparently needs my bank account to send money

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 ...
user avatar
  • 1,242
106 votes

A friend wants to use my account for a wire transfer. Is this a scam or is it legitimate?

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 ...
user avatar
105 votes
Accepted

Counterfeit checks were created for my account. How does this type of fraud work?

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 ...
user avatar
100 votes

Scam or Real: A woman from Facebook apparently needs my bank account to send money

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 $...
user avatar
90 votes

A guy scammed me, but he gave me a bank account number & routing number. Can I use that to take out what he owes me?

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 ...
user avatar
85 votes
Accepted

Possible customer wants me to handle payment to another contractor. Is this a scam or not?

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 ...
user avatar
  • 1,107
84 votes

What risks are there acting as a broker between PayPal and electronic bank transfers?

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 ...
user avatar
  • 1,448
82 votes
Accepted

Closed account, haven't received payment. When has the bank "stolen" my money?

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 ...
user avatar
  • 50.7k
78 votes
Accepted

Why is a transfer from an account to another not done instantly when it's not the same bank?

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 ...
user avatar
75 votes

Second (easy access) account in case my bank screws up

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. ...
user avatar
74 votes

Scam or Real: A woman from Facebook apparently needs my bank account to send money

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 ...
user avatar
  • 838
69 votes

Is there a fee to be paid to reactivate a bank account of an American citizen?

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 ...
user avatar
66 votes

As a 16 year old, how can I keep my money safe from my mother?

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 ...
user avatar
64 votes
Accepted

How to organize bank accounts with wife

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 ...
user avatar
  • 29.9k
63 votes
Accepted

Why do most banks in Canada charge monthly fee?

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 ...
user avatar
  • 1,022
60 votes

How can I force a bank to close my account with them?

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). ...
user avatar
  • 48.7k
54 votes

What is the purpose of budgeting if all I need to do is look at my bank/credit card statement?

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 ...
user avatar
52 votes

A guy scammed me, but he gave me a bank account number & routing number. Can I use that to take out what he owes me?

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 ...
user avatar
  • 1,314
49 votes

Paid off $5,000 credit card 7 weeks ago but the money never came out of my checking account

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 ...
user avatar
  • 48.7k
42 votes
Accepted

Possible scam for security deposit - bank operation

This is normal for Switzerland, it's called "Rental surety savings account" or "Rental Deposit Savings Account" and banks invest a lot to automate opening and closing such accounts,...
user avatar
  • 466
39 votes

How to organize bank accounts with wife

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 ...
user avatar
39 votes

How can I force a bank to close my account with them?

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'...
user avatar
  • 2,535
37 votes

As a 16 year old, how can I keep my money safe from my mother?

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 ...
user avatar
  • 779
35 votes

A friend wants to use my account for a wire transfer. Is this a scam or is it legitimate?

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.
user avatar
  • 3,997
34 votes
Accepted

Umlaut Character in Account Holder Name (German Bank)

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, ...
user avatar
  • 364
33 votes

Closed account, haven't received payment. When has the bank "stolen" my money?

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 ...
user avatar
  • 1,497
33 votes

What is the purpose of budgeting if all I need to do is look at my bank/credit card statement?

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 ...
user avatar
  • 2,250
32 votes

Scam or Real: A woman from Facebook apparently needs my bank account to send money

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 ...
user avatar
  • 443

Only top scored, non community-wiki answers of a minimum length are eligible