51
votes
Getting paid to like Instagram's posts? Scam?
You're right.
He also told me of this other similar job where they would deposit a certain amount of money to earn higher amount of return, up to 10k
That's the real scam. This is called "money ...
- 166k
51
votes
Do I have rights to money that was intentionally deposited in my bank acct
I'm afraid to say you've been scammed. The "gentleman" may not even be one person, but a team of people operating from a call centre type arrangement.
If the account was with a legitimate ...
- 23.3k
26
votes
Getting paid to like Instagram's posts? Scam?
It's a scam.
When people pay for likes, the rate is very very low. It's like a cent per like or something, often even less. What people do is put up 100s of phones on shelves all facing up, pay a ...
- 423
16
votes
Do I have rights to money that was intentionally deposited in my bank acct
Do I have rights to that money because it was in my account in my
name?
You are asking the wrong question. If the account was real, and you helped move money into and out of the account, then the ...
- 136k
9
votes
Do I have rights to money that was intentionally deposited in my bank acct
Don't be sure "nothing has been taken from you." Odds are that the check they wrote will not clear, but yours will, and you have just lost however much your check was for.
Or the incoming ...
- 42.9k
7
votes
Why would I (with good credit and financial history) be denied while applying for a business checking account?
You're describing a situation where you're living outside the US (or at least, currently are outside the US, and don't get there often) and are trying to open an online business account for a brand ...
- 166k
6
votes
Accepted
"Check" created from multiple overlapping checks
This is preposterous, and is another example why not to use BoA. They should have bounced this check themselves, it is clearly not an eligible instrument.
The number you circled on the image is a ...
- 166k
6
votes
LMS Code for making international transfer
This is clearly a scam. Please be aware that anyone can set up a web site claiming to be a bank. This web site is clearly bogus:
Googling "United Falcon" reveals several non-banking ...
- 12.6k
6
votes
Getting paid to like Instagram's posts? Scam?
Definitly a scam. As gomennathan says, the rate for that "work" is very low. "passive income" aways a scam.
How to avoid the most common scams in this situation:
Never send them ...
- 161
4
votes
What is the closest you can get to managing your own DIY bank account without using any third-party or banking company?
It's not possible. Being a bank means negotiating individual contracts with a lot of other banks and the government central bank to let you transfer money. Banks aren't banks unless they have accounts ...
- 2,620
3
votes
Accepted
I have opened an account with a Neobank Yuh. I'm totally confused why I don't have a username and password, there is also no 2FA
Face ID is a user identity confirmation, effectively equivalent to userID plus password.
It's not a very secure one, and as you note it's dependent upon particular hardware/software, and it would be ...
- 42.9k
3
votes
Accepted
Is the Interac e-Transfer email-to-bank-account mapping unique?
If you want to use the Interac e-Transfer auto-deposit feature, you can only associate one bank account with an e-mail address. From Interac’s FAQ (emphasis mine):
How many email addresses can I ...
- 115k
2
votes
Is this eRupee email from my bank a scam?
Whoever sent this doesn’t even know your name. See how it says “Dear Customer” and not “Dear Agnishom” or “Dear Mr. Chattopadhyay”?
The story that you have been selected is pure nonsense.
But there is ...
- 22.4k
2
votes
Is this eRupee email from my bank a scam?
I'd say it's a scam.
It seems very suspicious, especially sending a message as a pure image. Is the image itself a clickable link? If so, if you hover over it, does the URL point back to a legitimate ...
- 171
2
votes
Accepted
Why is there a need of thirdparty gateway while transferring money from one bank to another?
There are 25000 banks in the world. Banks to do not want to establish 25000 connections to each of the other banks. without payment networks, you would have situations where most banks would tell you “...
- 3,942
2
votes
Why is there a need of thirdparty gateway while transferring money from one bank to another?
Do you know how many banks there are? For direct transfers, each and every bank would have to link with every other bank.
That’s a LOT of interconnections. (The math racks up some pretty huge ...
- 50.6k
1
vote
What is the catch in Money Market Funds ( core account)?
With terms like 'Government' and 'Treasury' those funds mostly hold US Treasury products.
A quick check of Treasury Direct recent auctions on Feb 15, 2023 shows:
T-Bill
Issue Date
Investment Rate (...
- 2,702
1
vote
What is the catch in Money Market Funds ( core account)?
Cut the middle man and invest in the money market yourself. What do you think banks are going to do with your short term deposit funds? The exact same thing, just take more than the 0.34% expense ...
- 166k
1
vote
What is the closest you can get to managing your own DIY bank account without using any third-party or banking company?
If you really want to go to the trouble of starting "something like a bank", a credit union might be the lowest set of hurdles to jump through. But even that is nontrivial, requiring lawyers ...
- 42.9k
Only top scored, non community-wiki answers of a minimum length are eligible