| Subject | Date Asked |
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| interest rates | 8/26/2008 |
Q: This might not be the right place to ask this but here it goes: I heard that credit card intrust ...
A: credit card fixed rate is the best as long as its not a short term promotion where the interest is ...
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| bank transaction question | 8/24/2008 |
Q: I do my banking online, and I noticed a transaction on a Friday that said MEMO CREDIT . But...the ...
A: I work at national city bank where memo credit and memo debits are used all the time. memo debit is ...
|
| custodial acct. | 8/8/2008 |
Q: My son has a custodial acct and will not come due until he is 21. He has just turned 18 and would ...
A: Im not too familiar myself with brokerage accounts as that is generally handled through the ...
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| frozen account | 8/4/2008 |
Q: My refund was direct deposited into a frozen account. Should the financial institution have ...
A: If you owed money on the account, yes they will accept the deposit and apply to whatever is owed. ...
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| foreign banking | 7/29/2008 |
Q: Is it feasible to deposit money in a foreign bank from the U.S., to take advantage of the interest ...
A: While I have heard of that being done I wouldn't advise it. The US Government has placed an act in ...
|
| Opening account with etrade | 7/25/2008 |
Q: I like to open an account to buy a stock with the etrade online. Even though online they indicate ...
A: You should be able to check www.fdic.gov and verify it. However, I can tell you that Etrade is a ...
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| forced closure of checking account | 7/21/2008 |
Q: I have had an account at a local bank for over a year and a half now--and have just gotten to ask ...
A: I dont believe they can threaten to close your account if you already have one open. However, they ...
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| bank dispute | 7/19/2008 |
Q: I recently tried to close a bank account, and they told me that the account had a negative balance, ...
A: It is in your account agreement of what the fees are. In this case you do not have any recourse. ...
|
| charge off to close account | 7/16/2008 |
Q: i found on my online statement the words charge off to close account. i have been stuggling with it ...
A: If an account is charged off, that means they are closing the account "loss prevention." They ...
|
| cd/ investing | 7/10/2008 |
Q: I have $5,000 that I am willing to put into a cd, however I don't understand how they work, how does ...
A: cds are time deposits. You first have to select a term some places start off at 32 days. We will ...
|
| atm card | 7/7/2008 |
Q: My son will be traveling for awhile. He wants to open a bank account and get two ATM cards. This way ...
A: Banks generally will issue one card per signer on an account. The reason for this is of course loss ...
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| fraud | 7/7/2008 |
Q: A friend of mine is declaring bankruptcy. She recently received a $10,000.00 reimbursement check ...
A: You are very wise to be apprehensive on this. I would highly advise you to not perform this task ...
|
| Savings in foreign currency | 6/28/2008 |
Q: I have been trying to find a way to do this but have been stuck at every turn! What I want to do is ...
A: You will want to contact the foreign currency department at your local bank. I have never seen this ...
|
| Opening an account with bad credit | 6/19/2008 |
Q: I am trying to find a bank or other financial institution that doesn't really care about my credit ...
A: Antoinette, The feedback you gave me I feel should be amended. You gave me a 7 for timeliness. I ...
|
| Non-profit Banking | 6/19/2008 |
Q: I have very recently opened a non-profit company, but have not yet sent in form 1023. How can I open ...
A: You will need to wait until you get your letter from the IRS showing it is a non profit company. If ...
|
| check cashing | 6/19/2008 |
Q: How can I verify a check sent to me in the mail, after banking hours. Or "If a check sent to me is ...
A: generally you can call the bank that it is drawn off of. The bank i work at, on the automated ...
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| Interest on checking accounts | 6/14/2008 |
Q: I have a depository/checking account with Chase, in the city where I live. The account pays ...
A: That sounds right to me....smaller banks will do pretty much anything they can to keep funds in ...
|
| A forgery claim | 6/6/2008 |
Q: I was divorced in October of 2007, on December 31, 2007 my ex filed an affidavit of forgery against ...
A: If the check was made out to your ex and you signed his name, even with his permission it is ...
|
| cahing federal income tax return check | 5/16/2008 |
Q: I have tried to cash a regular federal income tax return check made out to myself and my wife. The ...
A: Daniel, It is absolutely the banks responsibility and right to verify each and every signature and ...
|
| CD's | 5/15/2008 |
Q: Are there other choices besides banks that may be better to obtain CD's? Or are there other short ...
A: Some banks may offer you a promotional money market. the bank I am with for example offers 3.25% ...
|
| bank closed | 4/11/2008 |
Q: my friend had a insured policy for his mother but the bank closed down and has changed several ...
A: Generally a bank sells insurance on behalf of insurance companies. For example, the bank I work for ...
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| stolen check which were fraudulentley signed and cashed at my bank | 4/11/2008 |
Q: I had come to realize when I started going through my old personal checking account statments that ...
A: Im sorry for the delayed response. It appears that everything is being handled correctly by all ...
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| can i open another business account | 3/29/2008 |
Q: I have a corporate business account that has my husband as just a signer in case anything happens to ...
A: As long as he is not a signer on the account that you open, legally nothing can happen to that ...
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| CHECK CLEARING | 3/22/2008 |
Q: Is there a legal set time it should take a bank to clear a deposited check?
A: There is no legal set time that a bank has to clear a deposited check. However, it shouldn't take ...
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