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The only reason to have accounts at multiple banks is if you are going to hit the FDIC insured limit and want to make sure your deposits are totally insured. Other possible reasons are sign up bonus, no/low fee, and some banks want you to have a checking account if you also have a loan with them. However, it would make your life easier to have everything at ...


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Contact your bank or credit union to see if you can have two checking accounts. The credit union I use has allowed a "secondary checking account". That allowed me to run all my income and expenses though the 2nd checking account for my rental property. There was zero cost, and the 2nd account made tracking everything easier. If there was a reason to move ...


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If savings accounts in the UK are anything like US... Interest is compounded daily, using the AER advertised that day. A 365 or 360 year is used. Interest start accruing the day it's deposited. It's credited to your account (you can actually see it) on the account's statement date. The AER of savings accounts can change daily, but usually don't. Fixed-rate ...


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You can have as many checking accounts as you like but it makes no sense to have multiple accounts unless you have a specific need for segregating assets such as business and pleasure or as you mentioned, mortgage and personal. If possible, you want to avoid monthly fees. They can really add up. I have two free checking accounts at different banks with no ...


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There's no problem in having multiple checking accounts, and separating out the activities of building the house for your parents is probably a good idea. (I've got three checking accounts.) Presumably you'll be depositing Large checks, so an online bank is out of the question. Next is monthly fees. Unless you want to park $1,500 in the account and have ...


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Identity theft is constantly reported by media but few people know how to deal with it. Filing a dispute is a wrong way to deal with the situation. The correct way is to report them as identity fraud. Identity fraud in Canada can be reported to the CAFC Fraud Reporting System or you can contact them through the toll-free number (operation hour 9:00 am - 4:...


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No, you will not, UNLESS you receive income IN GERMANY FROM GERMANY - i.e. you own a property that you rent out. If that is not the case, not living in germany is enough to make it tax free. As non-german resident you are only liable in germany for taxes that occur on income that you generate in germany.


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I can tell you by direct experience that you won't pay anything on German bank accounts in € currency that yields no interest. I live and work in Italy, and I have opened a German bank account (N26 Bank Gmbh). I have not paid 1 cent of taxes so far (2 years).


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The bank said I need to file a "Foreign Registration Statement (Limited Liability Company)" in order to comply with the bank's membership guidelines, and the Idaho State Tax Commission said in response to my emailed query: As long as you don’t have any Idaho source income, you don’t have an Idaho filing requirement or tax liability. Just having an Idaho ...


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The bank in Idaho requires you to "register" your company with the state of Idaho. In most states, the process of registering an LLC in a state requires paying an annual fee and filing annual paperwork. I don't know if registration is a requirement of this particular bank or the state of Idaho, but either way it is a nuisance for a small company to have to ...


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You are in trouble, but possibly not too much if you act properly now. First change any passwords that you gave out. Do it now. Don't read to the end of the answer do it now. Then call your bank, on a number you know is valid for them, not any number you were given after this communication, and not the number that called you. Tell them exactly what ...


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Perhaps it would help you understand if you knew the reason for the fee. You might be under the assumption that the bank has no risk in this situation, because the checks are being drawn from the bank's own customer (the employer), and they can verify that the account indeed has money in it before handing it out to a non-customer employee. However, what if ...


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In the US, the Office of the Comptroller of the Currency, part of the US Department of the Treasury, has given their official guidance on interpretation of related regulations in 2008 as Interpretive Letter #1094. Someone asked them if a specific bank could charge a check cashing service fee to a non-member, to which they reply (emphasis mine): This ...


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They aren't failing to honor the full amount, they are changing the non-customers a $5 fee. If the payroll check is $999.00 and you aren't a customer, then you will walk out the door with $994.00, and your employer will still have $999.00 deducted. You have several options: open an account at that bank, and deposit the check into your bank account. Take ...


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You can get the file format specifications and most of the documentation related to ACH by googling, if you're actually interested in the fine details. The standards are probably a little looser than most people would assume, in order to allow flexibility. This basically forces financial institutions to make decisions based on their own risk tolerance or ...


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