| Subject | Date Asked |
|
| cashiers check | 10/11/2008 |
Q: I deposited a check on Tuesday for 40k then on Thursday after the hold period cleared i had the bank ... A: Brad, Sorry, But this may well be your problem. Even though the bank released the hold on your ...
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| staute of limitations | 10/7/2008 |
Q: I have a joint account with an ex girlfriend. I have no documentation that she owes me money, ... A: Olin, The statute of limitations in AK is three years for fraud and five years for written ...
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| Hard inquiry from bank for opening checking account | 10/7/2008 |
Q: I just opened a a basic checking account with Bank of America at a local branch. No overdraft ... A: Kyra, I think if you read the fine print in your account contract you will discover that BofA's ...
|
| Cashing a signed cashiers check I found | 10/4/2008 |
Q: While riding my bike I found a signed cashiers check for $550. I understand that a cashiers check is ... A: Aaron, I presume the check is payable to someone. Cashiers checks are not bearer instruments but ...
|
| Finding a trust fund or custodial account | 10/3/2008 |
Q: Family members tell me that my great grandmother put money from rental income into an account for me ... A: Jessica, If your grandmother left you money that means she had a will. Even so, as a minor your ...
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| Unauthorized Account Transaction | 9/29/2008 |
Q: I have an odd one. My wife and her mother are not on speaking terms. To make a long story short, her ... A: Ryan, It could be a little troubling that the mother knows the account number(and presumably how to ...
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| haveing direct withdrawl from accounts | 9/29/2008 |
Q: I have a checking account. over the years we have had things taken out of our account, dtv, long ... A: Carrie, Your request to the magazine company should be in writing. You can also issue a stop payment ...
|
| cost of funds | 9/25/2008 |
Q: i want to know in detail, what is cost of funds of a bank? what factors are included in it? n how ... A: Summaira, There is more than one definition depending on the purpose used. Incremental cost of ...
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| Unauthorized withdrawls | 9/24/2008 |
Q: I hope you can help me... a few years ago I set up an account at Bank of America and I also put my ... A: Nicole, My advice is to close your acount and open another in your name only. Also, it appears that ...
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| banks and bank holding companies | 9/21/2008 |
Q: If a bank is owned or partially owned by a holding company, could it's depositors be affected by the ... A: Pam, Each bank charter stands on its on. A bank's failure is not legally or financially related to a ...
|
| Checking account transactions | 9/20/2008 |
Q: I was balancing my check book last night and found that I was off somewhere between what I had ... A: David, Sorry, my short answer is, I'm not sure. Most agreements between banks and merchants required ...
|
| small claims court for negative balance | 9/17/2008 |
Q: i have accrued a negative balance of about $1000. dollars at my bank account for bounced checks over ... A: Zip, I can't think of any standing you might have in small claims court. Your best bet might be to ...
|
| FDIC insurance | 9/15/2008 |
Q: I Have money in a banking institution that has FDIC insurance on the account. I assume that since ... A: John, Opening additional accounts at the same bank won't accomplish what you need unless they are ...
|
| FDIC deposit concern | 9/15/2008 |
Q: I have roughly $1,500,000 in cash and am concerned about FDIC coverage. Is it possible to have 15 ... A: Brian, You could form 15 different trusts, but that would entail the expense of forming the trusts, ...
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| Question on rights to signees in account | 9/15/2008 |
Q: Good morning Jim: I am a President to my Class Reunion with 6 members in my committee. I chose not ... A: Deborah, My thought is that a majority of(or "full agreement in your case) committee should decide ...
|
| withdrawals from failing back | 9/13/2008 |
Q: my bank isn't doing well, Washington Mutual. I have my lives savings in it, 100k. I am not willing ... A: Anxious, there is no tax upon withdrawing money from or closing your account. The $10,000 reporting ...
|
| Stale dated check | 9/12/2008 |
Q: I have a stale dated cashiers check drawn from my account from a bank that was acquired. I'm still ... A: Sandy, I'm assuming that the check is payable to you and that the check is more than six month old. ...
|
| CD's | 8/16/2008 |
Q: Jim, my wife and I have IRA CD's,and since we are both over 72 we have been withdrawing the minimum ... A: Edward, If you continue to leave your IRA in Cd's you will probably have to continue on a similar ...
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| How can you trust a banks' sovency/stability? | 8/7/2008 |
Q: We have business accounts at Compass Bank. My husband wishes to switch to another bank so that he ... A: Dodi, By far most banks are safe. That said, it's always a good idea to be aware of the ability to ...
|
| Personal Loan vs. Credit card | 7/26/2008 |
Q: I have a personal loan with a fixed 8.99 interest rate. My balance is slightly under $20,000 and I ... A: Tammy, Usually I would recommend sticking with the installment debt, however 4.99% is a substantial ...
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| Closing of Account online. | 7/26/2008 |
Q: I was working in a corporate industry, where I have opened an account in Citibank as savings ... A: Nalini, From outside the US you can call collect 1.210.677.0065 or write: Citibank Client Services ...
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| Best loan option | 7/26/2008 |
Q: Let's say you want to buy a car. Having the same interest rate(i.e. 3.99%), same schedule of ... A: Carlos, Not sure I understand your use of the terms "simple vs. average daily balance". Most usage ...
|
| can credit card company garnish my incorperated banking account ? | 7/21/2008 |
Q: i have a credit card in my personal name that i am unable to pay. i have a business that has a ... A: William, Your corporation is a separate entity and the judgment should not able to touch its bank ...
|
| Double Paid a Business Company | 7/20/2008 |
Q: I have a bid ordeal... My business paid HD Smith, a distributor, twice on by mistake. The way this ... A: Paulo, Based on your statements, the distributor owes you $2,738.02 and you should ask them to ...
|
| overdrafts | 7/19/2008 |
Q: I make $740 a month. I owe the bank $1200 through overdrafts and cash advances. I stopped my direct ... A: Sandy, Your idea about asking the bank to accept a payment plan makes sense. You should probably do ...
|
| check clearance | 7/16/2008 |
Q: How long does it take to clear a check deposited to a bank in USA if the check issued came from a ... A: Violeta, Banks are reluctant to give credit on foreign checks, especially in foreign denominations ...
|
| LLC- loan- what effect does it have personally | 7/14/2008 |
Q: I own a clothing boutique- we have 2 SBA loans)guaranty-\ The first is quarteed by my home equity ... A: Cathy, I understand that your boutique is an LLC and that its loans are secured in part by an lien ...
|
| 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: Jim, saving your $5,000 is a good idea. A C.D. (Certificate of Deposit) is a good and safe ...
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| Fraud? | 7/8/2008 |
Q: A friend is declaring bankruptcy. She recently received a $10,000.00 reimbursement check from when ... A: Lynn, You are right to question the transaction. It may or not be money laundering but it appears to ...
|
| Check Forgery | 7/7/2008 |
Q: A relative forged my signature on a check made payable only to me. They made it look like a 3rd ... A: Amanda, You have little choice but to proceed with the claim as outlined by the bank. You have ...
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| Check Forgery | 7/7/2008 |
Q: A relative forged my signature on a check made payable only to me. They made it look like a 3rd ... A: Amanda, Sounds like your saying your relative forged your endorsement on a check made payable to ...
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| Banking w/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: Try these sites: newcheckingaccount.com. creditcrisescenter.com, and icreditcentral.com who for ...
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| Chex System-Afraid I will be put into it, bank policies. | 6/14/2008 |
Q: Let me apologize in advance as I have a long back story to share. Basically I was totally taken ... A: Katie, 1. Most banks access CHEX prior to opening 2. Its not inconceivable that BofA could ...
|
| You couldn't be that psychic | 5/13/2008 |
Q: You couldn't be that psychic to know whether I did my homework on the question or not........I have ... A: Angie, Sorry to offend, let me try. To donate is to give. No one really wants to give their money to ...
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| Bank mistake...no they didn't deposit money into my account | 4/30/2008 |
Q: Jim, About a month ago (March), my bank posted charges towards my DEBIT CARD from the month of ... A: Dan, Sorry you've had problems. It sounds like the charges are probably yours but I would, if ...
|
| Frozen bank account | 4/18/2008 |
Q: Because of facts that would take to long to explain, I know the following events are true pertaining ... A: Jack, Since you were on the original account it doesn't seem unreasonable to ask the bank, not when ...
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| Frozen bank account | 4/17/2008 |
Q: Because of facts that would take to long to explain, I know the following events are true pertaining ... A: Jack, The easiest way to resolve the problem would be for you and your brother to agree as to how ...
|
| Money deposited in error | 4/15/2008 |
Q: I live in Alaska and for 2 years a man has been depositing money in my account by mistake. He was ... A: Marcia, Based on what you've told me it appears that you are obligated to repay the money. If you ...
|
| LLC Bank Account | 4/10/2008 |
Q: Say I form an LLC called "Mikco, LLC." I then create a bank account using the proper procedures from ... A: Michael. After the LLC is dissolved you should not continue to do business as the LLC (write ...
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| Loan Payment | 3/8/2008 |
Q: Over a year ago my husband totalled his car. The insurance company sent the check to our bank. ... A: Alyssa, Before getting a lawyer involved, try writing the bank, addressing your letter to a senior ...
|
| Banking | 2/27/2008 |
Q: what are the different types of bank? A: Depalli, (US Financial Institutions) 1. National Banks, supervised by the Office of the Comptroller ...
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| Federal Tax Returns | 2/26/2008 |
Q: Will any bank cash a Federal Tax Refund check, even if i don't have an account? I currently don't ... A: Sheron, If the check is from The US Treasury & not a "rapid refund" check from a commercial tax ...
|
| posting a deposit then charging 18 overdrafts | 2/18/2008 |
Q: We recently received our tax refund in the form of a cashiers check. I deposited it on a monday ... A: Jeremy & Carrie, You might try contacting the primary regulator of your bank. If a national bank it ...
|
| posting a deposit then charging 18 overdrafts | 2/15/2008 |
Q: We recently received our tax refund in the form of a cashiers check. I deposited it on a monday ... A: Jeremy & Carrle, If you are sure that the refund check was an official check (cashiers check) you ...
|
| deposit policy | 2/13/2008 |
Q: I made deposit of check in the amount of $1250 (rent check from tenant) written from First Niagara ... A: Vitaliy, You can find the info by googling "funds availability" or by going to either fdic.gov or ...
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| Safety Deposit Boxes | 1/10/2008 |
Q: I am writing a novel and would like to know if the daughter of a deceased person could access her ... A: Lynn, The daughter would have no rights to enter the box unless previously a signer on the box ...
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| CD in danger? | 1/7/2008 |
Q: Meadows: I am a senior and can't afford to lose money [but, then, who can :-(] and just learned that ... A: Chris, If the total balances in your name does not exceed $100,000 there is little risk. If you have ...
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| BREACH OF TRUST OVER JOINT BANK ACCOUNT | 1/3/2008 |
Q: I AM CONTACTING YOU ON BEHALF OF A FRIEND I HAVE ON TOUR IN IRAQ , HE IS AN AMERICAN CITIZEN AND ... A: Jenna,If the stepmom is unwilling to pay back the money (which is apparently the case),there is ...
|
| New account check hold | 12/28/2007 |
Q: Meadows: From past questions/answers, I see that "check-hold" is a widespread problem. I joined a ... A: Bruce, As you have, I reviewed the Fed's rules re Funds Availability and reached similar ...
|
| BANK DEPOSIT MISTAKE | 12/27/2007 |
Q: A COMPANY I USED TO DO BUSINESS WITH DEPOSITED ABOUT 15,0000.00 IN MY ACCT BY MISTAKE. THEY CALLED ... A: Scott, I would first attempt to negotiate with the company. It would not be unreasonable to ask them ...
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| Dishonor of check - liability of joint account holders | 12/25/2007 |
Q: Sir, In case of a account operated by more than one person ( held in the name of more than one ... A: Dipesh, The second holder has a contract with the bank and can be liable to the bank in the case of ...
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| need knowledge | 12/19/2007 |
Q: A: Antoine, First step might be to shop banks in your area for higher savings rates. If that doesn't ...
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| Banks & their online gambling responsibilities | 12/17/2007 |
Q: I had fraudulent charges done over a 5month period via my debit card though on online gambling site. ... A: Brandon, I'm not an attorney, but feel it would be near impossible to get the bank to share ...
|
| too much cash lying around | 12/14/2007 |
Q: Jim, I work a tip job and have a lot of cash hiding in my house. How can I move the cash to a money ... A: John, Sorry, didn't mean to offend, but I feel a need to provide information even when it not ...
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| Overdraft protection and credit ratings | 12/13/2007 |
Q: My fiancee and I have a disagreement. He believes that any time you dip into your overdraft ... A: Joan, Not sure I can settle this. The "hard inquiry" from the bank will have a small effect on your ...
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| banking woes | 11/24/2007 |
Q: What can my son do about a bank that refuses him access to his money because he has lost his ... A: Cheryl, 1. It's not unreasonable for the bank to ask it's customers to ID themselves. Your son ...
|
| question | 11/17/2007 |
Q: At this time I have about 50K in my money market account in the bank. I need to put my mother as the ... A: Karam, This is best asked of an attorney in your state, however you might investigate creating a ...
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| Complaint against Bank of America | 11/15/2007 |
Q: EVERY evening Bank of America calls with a recording telling me to call them. When I call that ... A: Marcia, I have pasted below information from BofA's website www.bankofamerica.com/privacy. As shown, ...
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| bank put block on my account | 11/10/2007 |
Q: My elderly mother gave me a check for $4000.00 and I deposited it into my account. Several days ... A: Susan, The bank is obviously spooked and suspects unauthorized transfers from your Mom's account. ...
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| "for deposit only" | 11/7/2007 |
Q: My sister-in-law wrote a check payable to my 8 week old daughter and on the back under the ... A: Nicole, Generally checks can only be endorsed by the "payee", ie your daughter. I don't think the ...
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| A BANKS OBLIGATION IN OPENNING A BUSINESS ACCOUNT | 11/6/2007 |
Q: A PERSON OPENED A CHECKING ACCOUNT AT A BANK IN A FICTITIOUS BUSINESS NAME FOR THE SOLE PURPOSE OF ... A: Jay, There are several regulations which deal with new bank customers such as: BSA (Anti Money ...
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| withdrawals | 10/31/2007 |
Q: My husband and I are divorcing and have about $60,000. in a joint account. I would like to withdraw ... A: Nadine, Only cash withdrawals over $10M are subject to reporting. Your withdrawal should be made via ...
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| Over draft fees | 10/28/2007 |
Q: Jim, My wife's bank has been accepting my pay checks for over two years. They just left us a voice ... A: Brian, Sounds like the bank delayed availability of the checks deposited. The bank can decide to ...
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| bank deposits | 10/25/2007 |
Q: Is there a regulation that prohibits commercial banks from witholding a deposit from your available ... A: Brian, Yes, banks have the right to delay availability on certain deposits. These include: checks ...
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| Checking Account Garnishment | 10/23/2007 |
Q: I just discovered a creditor has garnished my checking account without notice. Is this legal? ... A: Carole, the judgement should be on record with the County Clerk's office in your county of ...
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| Checking Account Garnishment | 10/22/2007 |
Q: I just discovered a creditor has garnished my checking account without notice. Is this legal? A: Carole, Usually not legal. In most all states garnishments can only be levied against your account ...
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| Huge credit card problem | 10/9/2007 |
Q: Meadows! My name is Oana and I am a student that worked in USA for the summer, so I opened an ... A: Oana, If the $200 is owed because of charges to your credit card or checks you have written, you ...
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| custodian & beneficiary | 10/7/2007 |
Q: What is the difference between a custodian and beneficiary on checking and savings accounts? If the ... A: Susan, I apologize for my tardy response, I've been out of town. The persons responsible to the bank ...
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| Involuntary closure of bank account | 8/31/2007 |
Q: At a national bank who or what department can close an account? A: David, Even though national banks are regulated by the government, they are businesses owned by ...
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| Credit card cash advance | 8/27/2007 |
Q: About 4 months ago a friend of mine went to their bank and did a cash advance from their debit card ... A: Bruce, I would assume that the bank will sooner or later, recognize the error and demand the money ...
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| bank loan vs credit card | 8/25/2007 |
Q: this may not be the right place to ask this question--but I'll give it a shot------say I wanted to ... A: Bill, The interest rate is the same. But the amount of interest you would actually pay would depend ...
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| providian refuses to correct credit history | 8/23/2007 |
Q: in 2002 I notified the credit dept at Providian Visa that I was in financial hardship after a fire. ... A: Morgan, Providian's story may be that you did not pay as agreed as provided for in your contract and ...
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| Savings account taxes | 8/22/2007 |
Q: I want to open several savings accounts to plan for the future, question is, is it worth it will I ... A: Robert, It's not due to a change in tax brackets. You would be able to choose your with holding rate ...
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| CD statements | 8/8/2007 |
Q: We have several CD's & receive monthly statements on some & quarterly statements on others. Also, ... A: Judy, I would recommend keeping all monthly brokerage & bank (including CD) statements for three ...
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| Capital One | 8/8/2007 |
Q: Have had a Cap1 credit card for years; good standing. Their fraud dept. placed 2 erroneous charges ... A: Julie, You said, "fraud department placed charges on my account". I'm not sure I understand. ...
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| Deceased Father Checking Account | 8/8/2007 |
Q: My father passed away recently ( mom already deceased ). I think the bank has misplaced the ... A: Beth, Sorry but this is a legal question and the answer will depend on what state your Dad lived. My ...
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| Checking Account of Deceased Mother | 7/27/2007 |
Q: My mother passed away in September of 2006. Prior to her passing my father told me she wrote me a ... A: Danny, You can deposit the check into your account but there is a good chance it will not be ...
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| check clearance | 7/23/2007 |
Q: I deposited a check on July 1st in chase, check was 35,000 drawn on a CT bank. Chase told me the ... A: Les, Availability of deposited funds is governed by REG CC issued by the Federal Reserve Bank. ...
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| holds on deposit | 7/22/2007 |
Q: i need to find the best bank to open a checking account with online, that will not place a hold on ... A: Anthony, Most banks have adopted similar hold policies. Most larger banks access holds with the use ...
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| checking accounts | 7/18/2007 |
Q: can I cash a check even though it does not have the payers signature? A: Carlos, Banks will sometimes ignore lack of signatures on checks deposited but usually only for ...
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| Wedding Gift From International Parents | 7/17/2007 |
Q: My wife is an Irish Citizen and her parents, who live in Northern Ireland, have money (Pounds ... A: Brendan, You didn't say, but I'm assuming your wife is in the US & that the funds are in some sort ...
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| NetBank | 7/17/2007 |
Q: I have deposit accounts with NetBank. They appear to be in some difficulty and I understand that ... A: Ed, If you like the bank's features and services and are fully insured I think its OK to ...
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| FDIC | 7/15/2007 |
Q: When will the FDIC: Federal Deposit Insurance Corporation $100,000 limit on non-retirement accounts ... A: K,As part of the rules established in 2006 to increase FDIC coverage on retirement accounts, the ...
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| Writing on back of checks | 7/12/2007 |
Q: I learned from my law professor that a handy way of creating a legal document is to write a quick ... A: Paul, Banks may accept checks "for deposit only" without a signature, assuming the check is ...
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| Writing on back of checks | 7/11/2007 |
Q: I learned from my law professor that a handy way of creating a legal document is to write a quick ... A: Paul, Bank's will typically ignore restrictive endorsements. They rely instead on the guaranty of ...
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| Leasing a car! | 7/8/2007 |
Q: I live in California on a student visa and live off a student loan from Sweden. Is it possible for ... A: Maria, pardon my late reply. I've been traveling. Leasing a car requires the same credit ...
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| check card | 7/2/2007 |
Q: I recently loaned my check card to my girlfriend, she also has access to my pin number and S.S. ... A: Brian, I don't exactly how "she would weave around security measures" but I think you have answered ...
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| bank error | 7/1/2007 |
Q: I went to the bank drive thru today to cash some checks. When the cash was sent back I immediately ... A: Donavan, There is seldom a good end to this problem. It boils down to a swearing match. Your story ...
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| Bank withdrawl | 6/30/2007 |
Q: I make online payments through my checking account to pay bills. One company sent the checks back to ... A: Ann, Yes all banks will debit the amount of the checks when sent whether or not they are cashed. ...
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| dishonored checks | 6/30/2007 |
Q: All major national banks in Phoenix have adopted the policy of refusing to pay checks drawn on them ... A: Dennis, Sorry I can't shed any additional light. My understanding under the UCC is similar to yours. ...
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| Request a Post Dated Check | 6/24/2007 |
Q: My apartment asked me to post date my July rent check because I tried to pay them today June 24th. ... A: Peter, It's not illegal for your apartment to make the request. Your only obligation however, is to ...
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| Death of grandfather, becoming POA | 6/21/2007 |
Q: My grandfather recently passed, and my grandmother gave me power of attorney. How do I establish ... A: Sue, The PA should be a durable PA and on record. You should visit each bank with the PA where you ...
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| bank draft vs check | 6/16/2007 |
Q: I am considering selling my used car to CarMax Superstore instead of trading it in on my new car. ... A: Curt, An auto draft typically contains the title documents and upon examination by the CarMax office ...
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| About unpayable check | 6/14/2007 |
Q: I am having a problem with checks that turned out to be unpayable. I wrote a check to my school for ... A: Sora, These "fines" are probably part of the policy imposed by the school for dealing with ...
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| deposit check to the bank account | 6/12/2007 |
Q: I found a buyer for my boat online. Buyer will instruct his accountant to send me a check for exact ... A: Even though the check is a forgery, your bank may accept it for deposit, then say 30 days later they ...
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| amendmend on post dated checks | 6/12/2007 |
Q: I gave someone a post dated checks ( 4 ) and they changed the date on the check, initialed it with ... A: Vlk, The individual who presented your checks for payment guaranteed those items to the bank by ...
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| personal finances | 5/31/2007 |
Q: In today's internet age, for the average citizen, life has changed enormously in personal finances. ... A: Mark, Others may disagree but the consensus seems to be that paying by check exposes one to greater ...
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| bank account for land trust | 5/28/2007 |
Q: I currently live in Texas, can I open an account in my "land trust" (has TIN #) I know you can in ... A: Maria, You should be able to open an account. You will have to present the bank with the trust ...
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| banking | 5/25/2007 |
Q: can i as a canadian living in canada open a us bank account on line? thank you for your assistance A: Harold, Not my area of expertise but my guess is no & that you will have to furnish copies of ...
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| offshore bank a/cs | 5/25/2007 |
Q: i would like to know wether a person not living in the usa can open a bank a/c and which banks offer ... A: op. Yes, I spoke with Etrade this am and they confirmed that they can open (not on-line but by mail) ...
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| Minimize risks with financial institutions | 5/24/2007 |
Q: First of all, thanks in advance for your help! I really appreciate the service you offer to the ... A: Ricardo, Sorry but banks can and do "freeze" accounts to protect themselves from loss, even when ...
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| USA credit | 5/24/2007 |
Q: I am Canadian citizen living in Canada. Will any of the US banks issue MC or Visa card to me? A: Roman, I found a blog which indicated that a bank in Kansas did in fact do what you indicate. ...
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| Minimize risks with financial institutions | 5/23/2007 |
Q: First of all, thanks in advance for your help! I really appreciate the service you offer to the ... A: Ricardo, "Regular banks" do offer deposit insurance but aside from that, I'm not sure what ...
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| opening a bank account | 5/22/2007 |
Q: ! I am an L2 visa holder from India and a housewife residing currently in Chicago. I do not have an ... A: Amulya, Keep in mind that different banks have different requirements. You will need an ...
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| ex wife forged a check | 5/21/2007 |
Q: My ex wife forged a check that was made out to both of us, requiring both signitures. You guessed ... A: Mike, The company that issued the check is off the hook. The bank guarantees all endorsements to the ...
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| signers | 5/11/2007 |
Q: I just started my own business and am now faced with the need to add a signer to the company's bank ... A: Oanneh, If you have to, you have to, but I would hold on the the check signing function as long as ...
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| Check bounced - time limit for re-presenting? | 5/7/2007 |
Q: I wrote a check out of my credit union account which I deposited into my landlord's bank account - ... A: Sarah, I'm not sure there is an error. Your landlord's bank will give their good customer immediate ...
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| funds retracted after check cleared | 4/23/2007 |
Q: My family placed an ad to rent out an apartment. A person from out-of-town answered and sent a check ... A: Clayton, Sorry, I don't have good news. The bank's story will be that when they said "good", they ...
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| Interest | 4/17/2007 |
Q: What is the difference between compounding interest daily versus say monthly on a CD account? ... A: Wayne, Simple interest is calculated on the principal only. Compound interest calculates interest ...
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| Old checking accounts and credit rating | 4/14/2007 |
Q: If you have multiple bank accounts open that you no longer use, can it affect your credit rating? A: Sarah, I apologize for my tardy response. I'm fairly certain that unused deposit accounts will not ...
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| BANKS | 3/9/2007 |
Q: I have a mortgage with a bank for land valued about 30k and the loan balance is 99k (it's a long ... A: Al, Sorry, that's not right. If you cease making payments, the bank will foreclose on the property. ...
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| hold on deposited check | 2/24/2007 |
Q: On Feb 10 I deposited a $8,000 TD Ameritrade brokerage check into my savings account at my Credit ... A: Gene, Funds availability is covered by Reg CC of the Federal Reserve. On deposits greater than ...
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| overdraft fees-can they be reversed? | 2/16/2007 |
Q: I have been banking with the same institution since 1989. Up until last year I had a savings and ... A: Maribel, It may be highway robbery but unless the bank made a mistake which created your problems ...
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| Bank Charges | 2/7/2007 |
Q: I don't see a category for banking in Spain but maybe your advice would still be useful. I received ... A: Ed,As you've guessed, I'm not familiar with banking practices in Spain. However, keep in mind that ...
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| double payment,bank admits fault | 2/6/2007 |
Q: im not sure if this is in your field but I figured i'd try. I normally pay my car loan {united Auto ... A: Stacy, It would be fair of your auto finance company to return the second payment. But their ...
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| Joint account | 2/5/2007 |
Q: I have a joint account with one of my father which he opened for me, and in case something happened ... A: Thomas, My guess is no. Sounds like the funds in the account are your father's. You may or may not ...
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| Banks Giving out Unauthorized Personal Info | 12/25/2006 |
Q: I have worked many jobs where confidentially is the #1 priority. I have a 21 year old daughter who ... A: Michele, Bad behavior and even against bank policy but probably not illegal. Also, the bank ...
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| joint checking account and being sued | 12/23/2006 |
Q: My Ex-bf is sueing me for taking money from "our" joint checking account. He gave me money in Feb. ... A: Kharma, The answer to your question is yes, he can sue you; but based on your version of the facts ...
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| CONFLICT OF INTEREST | 12/21/2006 |
Q: The Bank that is handling my elderly mothers trust is paid an annual fee for management. 3 of the 7 ... A: Jim, There is certainly a potential conflict of interest. More importantly however is whether or not ...
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| Had a question about banks and fraud... | 12/12/2006 |
Q: I heard about a person who had a great deal of money taken out of her personal bank account by ... A: Duane, The crime of forgery is a serious felony and is prosecuted by state or federal prosecutors ...
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| obtaining a cleared check | 12/10/2006 |
Q: I am aware that if I were to write a check someone, and they cash it, the cancelled check will be ... A: Daniel, Your bank may have an image of items deposited to your account and for a fee might be ...
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| Bank | 12/3/2006 |
Q: For over 20 years, I have had two small business bank accounts with my local bank. I have often ... A: Susan, Robbing Peter to pay Paul to banks means that you may have have been depositing uncollected ...
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| credit card closure and useage | 11/28/2006 |
Q: My check book was stolen earlier this year along with my pickup truck. At that time I closed my ... A: Langford, If an account is opened by someone with your info and without your consent you should have ...
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| Citibank is closing all my accounts | 11/23/2006 |
Q: I received a certified letter from my local Citibank branch informing me that based on the ... A: Henry, Your account agreement gives the bank the right to close your account for any reason. The ...
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| Letter of Indemnity | 11/16/2006 |
Q: What is a letter of Indemnity? A: Mary, One who signs letter of endemnity agrees to endemnify that someone(will not suffer a financial ...
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| Bank | 11/1/2006 |
Q: Maybe you can help me.My niece who i haven't seen or talked to in 11 years,opened up a checking ... A: Ellie, No, if your niece furnished the bank your address, the bank is not at fault. Also, " up on ...
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| Undocumented Charge After Acct Closed | 10/29/2006 |
Q: Bank of America was charging me $28 dollars every time they had to draw money from my linked savings ... A: Bruce, Any conversation with the collection agency is wasted. I'm surprised that you've had no ...
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| bank error and loss of interest | 10/27/2006 |
Q: My elderly mother's bank mysteriously and unilaterly changed her account from a money market type to ... A: John, I don't understand the bank's statement, "without escalation". However, Your mother can ...
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| off shore bank accounts | 10/2/2006 |
Q: Can you set up an off shore checking account? i.e. if you are not looking to save but to be able to ... A: KAtrina, Yes, you can open a foreign checking account but often times minimum deposits can be larger ...
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| Lost Cashier's Check | 9/27/2006 |
Q: I sent a cashier's check to someone a year ago. I still have the pruchaser's reciept. The bank ... A: Bernie, Sorry for my tardiness in responding, I've been out of the country. Yes you can get the ...
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| Bank Manager dropped the ball | 8/7/2006 |
Q: I have been banking with a Savings and Loan for 15 yrs. I have been a good customer who has bounced ... A: Bill, All you can do is what you have done. I'm surprised the bank will allow "held statements". ...
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| Custodial account for minor child | 7/28/2006 |
Q: In 1999 I opened a passbook savings account for one of my children. In 2001 I opened another ... A: Tracy, The balance of the accounts could very well have been reduced by fees. You should have been ...
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| Post dated checks | 7/21/2006 |
Q: Is a Florida bank legally required to accept a post-dated check for deposit prior to the post-dated ... A: Don, Banks are not required to accept post dated checks for deposit, but may do so at their option. ...
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| Bank error | 7/20/2006 |
Q: I picked up a change order of $10.00 bills from my banks drive thru window. I have never had a ... A: Anthony, I don't have any real good advice. Even if there was a video, I doubt it would provide any ...
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| banks | 7/18/2006 |
Q: i have a judgement on my bank account with chase from discovery card. how long does it stay for, it ... A: David, If Discover has a judgement, this would mean that they sued you, won a default judgement, & ...
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| Cost of Funds | 7/16/2006 |
Q: Jim, I currently run a credit department for a regional bank and encountered an issue that I have ... A: Robert, Your question is best adressed in broad strokes. Loans make money for the bank (interest ...
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| check clearing | 7/16/2006 |
Q: Is there any period of time after which the bank cannot debit my account for a bad check that is ... A: Lou, Sorry to be tardy in responding to your question. Banks do have the right to charge returned ...
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| Cashing Checks | 7/16/2006 |
Q: Banks are refusing to cash checks drawn on them just because the payee is not a bank customer. When ... A: Don,It is unusual that a bank not honor a check drawn "on/us" and presented for cash, however I ...
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| Bank charges | 7/10/2006 |
Q: I've just begun to try and find specific U.S. and State banking laws, regulations or code that ... A: Lynford, Bank fees such as NSF fees are not regulated by the feds or by states. Banks are not public ...
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| Bank loan payment | 7/2/2006 |
Q: Over 2 months ago I wrote a check for $2615 to pay off my car. The bank cashed the check for ... A: Mike, Don't even think about it. The money is not yours. Sooner or later someone will come looking ...
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| Better rates? | 6/18/2006 |
Q: Are there any resources employeed by banks that are to the benefit of the rich? Like if I had ... A: James, The rate diffenece wouldn't be worth the risk and complication. In order to combine the ...
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| Post-dated checks | 6/17/2006 |
Q: I have given Two checks Dated 06/09/06 (Check #126) and another dated 08/01/06 (Check #127)for same ... A: Srinivas, Unfortunately you have no legal recourse. The bank is not obligated to observe your "post ...
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| Post-dated checks | 6/15/2006 |
Q: We live in Virginia, and our situation is that a post-dated check was cashed before the clearly ... A: Srinivas, Most state statutes were amended in the late 90's regarding post-dated checks. A bank may ...
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| missing ACH transfer. | 6/8/2006 |
Q: I did a transfer from PayPal to a bank. Although previous transfers have been posted within a couple ... A: Ed, You should now write a letter to the bank. The letter should be calm in tone & factual as ...
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| Checking account deposit polict | 6/1/2006 |
Q: Most all banks hold a deposit for 5 to 10 business days before the funds are available for use. Is ... A: Phyllis, Funds availability is not as straight forward as your 5-10 day example. You can Google ...
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| US bank account for Canadian | 5/29/2006 |
Q: I am a Canadian living in Alberta. I receive a monthly distribution in USD from a US partnership. ... A: Don, I didn't have much luck, but here is contact info for Toronto offices of US banks in Canada: ...
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| Can I cash . . | 5/29/2006 |
Q: . . a check written on an AG Edwards account? A fellow owes me some money and is giving me a ... A: Michael, Take the check! Like any other check, your bank may or not cash it. It depends on the ...
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| Memorial Bank Account Set Up | 5/28/2006 |
Q: my name is Dawn and last summer I lost my daughtet to a car accident,she was 20 ,and living with her ... A: Dawn, Illegal, yes probably criminal fraud. If the boyfriend set up the account he probably had the ...
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| Banks & IRS checks | 5/16/2006 |
Q: This is amazing - I saw a question and your answer about an IRS check - dated 3/16/2006 - with ... A: Dawn, Bank's are subject to a regulaion dealing with funds availability. The reg allows them to ...
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| Pay on death cards forged | 5/4/2006 |
Q: My Lawyer has talked about hiring a hand writting expert. My biggist question though-When someone ... A: Terry, The short answer is no. Practices may vary, but my experience is that when the card/contract ...
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| Bank solvency | 5/4/2006 |
Q: I do my banking at Jacksonville Bank in Florida. My husband is worried about the solvency of this ... A: Joan, Your primary concern is that your account is with an insured financial institution. The ...
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| Pay on death cards forged | 5/4/2006 |
Q: My Mother passed away with no will. I have 2 sisters, and 3 brothers. As I am the only sibling with ... A: Terry, The bank would be liable for the $300,000, as would your brother ,if the contract was forged. ...
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| They took the funds back? | 4/24/2006 |
Q: I made a payment to my credit card co. from my husbands checking account, only to find out that they ... A: Vickie, You probably can get your card company to work with you, but not to reverse the payment to ...
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| They took the funds back? | 4/22/2006 |
Q: I made a payment to my credit card co. from my husbands checking account, only to find out that they ... A: Vickie, Sorry but I don't understand some things. You made a payment from your husbands account? ...
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| Deposits in my account | 4/20/2006 |
Q: In July 2005, I opened a savings account for my daughter. In November, I saw deposits going into ... A: Kerry, The bank made a mistake. Its not a question of your being responsible. It's just that the ...
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| payoff error at closing | 4/14/2006 |
Q: I closed on a construction loan and later received an email from the construction loan officer (and ... A: Elizabeth, You have little leverage here. My first thought would to be to try to have the$4M ...
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| thanks im intrigued by the... | 4/10/2006 |
Q: i thought htey were xempt has there been achange in the law? what % can be attached to satisfy a ... A: Yom, SSI, retirement funds, 401-K's, etc. are typically exempt from judgement creditors. The ...
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| are student loans garnishable?
if... | 4/10/2006 |
Q: are student loans garnishable? if one defaulted on a student loan? are tax refunds and credits ... A: Yom, A defaulted student loan is one that is at lease 270 past due & yes wages may be garnished to ...
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| average daily balance | 4/9/2006 |
Q: I have a savings account and I would like to know what average daily balance means. They base my ... A: Pedram. The average daily balance on your account is calculated by adding the ending balance of each ...
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| Bank deposits | 4/5/2006 |
Q: I deposit a check for a local bank (Bank of America) other than mine on the afternoon of 3-27-2006, ... A: Texx, As I understand, the check you deposited on 3-27, was returned unpaid? If so the bank had the ...
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| Bank Error | 3/28/2006 |
Q: Two years ago, I was given a refund by my bank for a cancelled service ($555). They deposited the ... A: Gene, You reallly have no defense. That said, you have the bank's money and they have little ...
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| anonymous donations | 3/27/2006 |
Q: I'm a writer, and I have a character who needs to make an anoymous donation to a church. It's a ... A: EC, The character could hire an attorney. The character would pay the atty, who would deposit the ...
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| safety of bank savings | 3/21/2006 |
Q: I'm looking at putting a large amount of my cash savings into GMAC Bank because of the high interest ... A: Tom, If your savings are less than $100M or structured in multiple accounts consistent with FDIC ...
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| Endorsing Checks | 3/17/2006 |
Q: My bank is now insisting that my husband endorse checks, payable to him, for deposit to his or our ... A: Michele, Sorry to be tardy in responding to your question. What you describe is unusual. Under most ...
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| My Refund Check has been lost by Bank. | 3/16/2006 |
Q: Sir! I need your advise. Last week i made a deposit (My IRS refund check) to my bank (Citibank) ... A: Max,Anything is possible. You should write to the branch manager and ask for credit, describing the ...
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| Fraudulent checks | 3/15/2006 |
Q: I just found out my bank processed 6 fraudulent checks on my business account from someone who made ... A: Larry, I'm assuming you discovered the forged checks in a timely manner and notified the bank in ...
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| mutual funds | 3/10/2006 |
Q: I am interested in investing in a mutual fund and I was wondering what the difference would be if I ... A: Ellen, It depends on the bank. Some have wide ranging choices of fund families and some not. The ...
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| Attempting to find an online bank | 3/6/2006 |
Q: I'm attempting to find an internet bank that I can setup and have access to within 48 hours. ... A: J, Jones, You should be able to open an account within the time you describe. Check netbank.com or ...
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| Credit Card signature | 3/4/2006 |
Q: i was informed by citibank themself about the misuse of card, as soon as i landed in shanghai. they ... A: Imran, Citibank informing you of "misuse" & their blocking the card is not the same thing as you ...
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| Credit Card signature | 3/4/2006 |
Q: when i was on my way to shanghai my credit card was stolen during transit at bangkok and was than ... A: It may be impossible for Citibank to furnish signed receipts & their failure to do so does not free ...
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| Post dated checks | 3/4/2006 |
Q: I have a few questions for my particular situation...I wrote a post dated check to my mother and she ... A: Jen, Since 1996 most states have changed their banking code to allow banks to ignore "post dating' ...
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| Stopped payment on check | 3/3/2006 |
Q: I dont know if your the right person for this but here goes. I had a tennant pay me by check and ... A: Bill, You can cash or deposit the check as long as the bank doesn't refuse to accept it. Funds woud ...
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| overwriting on checks | 2/27/2006 |
Q: is it legal for the recipient to overwrite the date on my signed (postdated) check, put his initials ... A: Selsells, If a check is altered with intent to defraud, it is clearly illegal. However, Post Dating ...
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| Closing bank account for deceased | 2/10/2006 |
Q: A few months ago, my grandmother passed away. My mother and I have been working to close outstanding ... A: Kim, Sorry to be tardy in responding to your question, I've been out of town. The following assumes ...
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| Loan | 2/6/2006 |
Q: I was wondering how could i get a loan to go into a Roll-off trash buisness i would need 50,000 to ... A: Edward, I would suggest that you go the Small Business Association's web site, sba.gov. There is a ...
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| Bank Accounts & Child Support | 12/22/2005 |
Q: My fiance has child support payments deducted from his paychecks. His employer pays by direct ... A: Terry, State laws differ some but the answer to your question will be substantially the same. Any ...
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| please read this...important!!! | 12/13/2005 |
Q: Please help me.....my husband has had me sign checks for the rent on my apartment.We are seperated, ... A: Deb, He can try. How do you know he wrote the bank? Has the bank contacted you or is it his story? ...
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| Credit Card | 12/6/2005 |
Q: I presently used a credit card that earns points for each dollar you spend with the card. I am ... A: Rosemarie, It really depends on what you value. In either case; points or cash both are better for ...
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| Interest rate of cd's in 1992 - very important | 11/21/2005 |
Q: Meadows, This is probably not your normal question, but I have been looking for this answer on the ... A: Georgia, Frst Republic's bank site at firstrepublicbank.com has a link for historical interest ...
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| ACH transfers | 11/15/2005 |
Q: Please I would like you to give me links to credible online ACH transfer providers.I would like to ... A: Abiodun, I've no experience with consumer originated ACH transactions. I googled "ach transfers", ...
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| Opening an account | 11/7/2005 |
Q: I live in Venezuela, and I want to know if I can open a bank account in the US through Internet ... A: Patricia, I spoke with a representative at Citibank, who I think has offices in your country. Your ...
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| Account consolidation. | 10/16/2005 |
Q: I tried to join two credit cards and I could't. Can Providian Credit Card or Washington Mutual deny ... A: Jose, Not sure I understand your question. I'm guessing you want to combine two credit card accounts ...
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| Bank Solvency | 10/1/2005 |
Q: Jim, thanks. That was very helpful. Re the safe deposit box, hoever, I am wondering if a Bank goes ... A: Yes, the contents are still yours. Banks can't file federal bankruptcy, they are liquidated by the ...
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| Bank Solvency | 10/1/2005 |
Q: What happens if a bank goes into bankruptcy? I know deposits are insured to $100,000 but I have more ... A: Ed, If your deposits are with a large national or regional bank the chance of failure is very small. ...
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| FDIC | 9/22/2005 |
Q: If I opened CD's in the same bank under the following names: Clyde Thomas Nancy Thomas Clyde and ... A: Clyde, Yes-Clyde, Yes-Nancy, No, Clyde & Nancy (each of share,50,000, would be added to your ...
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| overdraft | 9/20/2005 |
Q: I checked the amount I had in my bank online. After seeing I had a sufficient amount of money I ... A: Sean, If the Bank made a mistake, you might have a legimate complaint. Their story however, which ...
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| Currency Exchange | 8/23/2005 |
Q: How are you? I am not sure if you're the best person to go to for the help I need, but you're the ... A: Victor,You can go to travelex.com and order $HK on-line. The minimum order is $100 & two day ...
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| saving accounts | 8/16/2005 |
Q: Why is it that forty years ago, I could put money into a savings account and the bank would give me ... A: Dave, Despite your memory, Reg Q did limit interest rates paid by insured institutions. The gifts, ...
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| saving accounts | 8/14/2005 |
Q: Why is it that forty years ago, I could put money into a savings account and the bank would give me ... A: Dave,Partly because forty years ago the market didn't determine interest rates paid by banks and and ...
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| Death in Family | 8/11/2005 |
Q: My Father just died, he had a joint checking account with my Mother and I am a signer on the account ... A: Sandy,I'm not really familiar with using a "power of attorney" designation on bank accounts. If ...
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| Inquiry | 7/27/2005 |
Q: I mean ITIN1)Can one use an ITN when asked for a SSN(Social security number) like when one is ... A: Abiodum, Sorry for the confusion. An ITIN (Individual Taxpayer Identification Number) is for federal ...
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| Inquiry | 7/26/2005 |
Q: 1)Can one use an ITN when asked for a SSN(Social security number) like when one is applying for a ... A: Abiodum, Not sure what a ITN is, maybe you mean TIN (Tax Identification Number). TIN'S are required ...
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| writing checks | 7/13/2005 |
Q: Is it still true that a person with a valid checking account can write a check on their account ... A: Eleanor, legally speaking, a nogotiable instrument such as a check may be written on anything, so ...
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| Bank account | 4/30/2005 |
Q: I reside in Nigeria,Africa and would like to open a bank account in the U.S for certain businees ... A: Since 9-11, The Patriot Act & enhanced "know your customer rules" ,it is difficult to open an ...
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| Travel in Canada | 4/29/2005 |
Q: I am planning an extensive trip throughout Canada this summer. I found an outfit called XEtrade ... A: John, I've had no experience relative to your inquiry. I did however go to National Bank of Canada's ...
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| Re-opening a bank account | 4/22/2005 |
Q: About two years ago my wife had a check account in a bank. I lost my job for several months and ... A: Hector, Whether or not you pay back the payees of your checks or the bank's return check fees, you ...
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| fdic & banking in general | 4/17/2005 |
Q: 000 fdic insurance limit may soon be an issue for me. In order for my money to be insured, do I ... A: Pat, Most ignore the limit when depositing greater than $100M in stable well known banks. You can ...
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| Overdraft charges | 4/14/2005 |
Q: Jim, are you familiar with which banks have special programs to avoid the common overdraft charges? ... A: Sarah, "Froggle" Overdraft Protection. This will provide you with banks who offer this service. ...
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| Online bank branches | 4/9/2005 |
Q: I've seen a couple of online branches of banks that are offering 3% or greater return in savings and ... A: Richard, If the institution is indeed a commercial bank or FDIC insured thrift institution, you're ...
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| Using credit cards in Europe | 4/4/2005 |
Q: Do you know if any of the credit card companies do not charge a fee if you use your card in European ... A: CMM, Most card issuers charge a currency exchange sur-charge of 2-3%. Those issuers who do not ...
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| What is a Roth IRA? | 2/23/2005 |
Q: I recently read in the paper that you could save a million dollars for your retirement if you put ... A: Dan, My math says that it would take an average rate of return of 22% to reach the one million ...
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| Chex systems issues | 2/18/2005 |
Q: I made some unfortunate choices in people to trust with my checkbook a while back, which got me into ... A: You're just one of many who is a victim of chex systems.Many are justly denied accounts; those who ...
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| debit card | 2/11/2005 |
Q: Followup To Question -I used my debit card online to gamble. Made charges on 01/27 01/28 and ... A: Carolyn, If the bank's position to the merchant is that the bank is not liable to the merchant then ...
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| debit card | 2/10/2005 |
Q: Followup To Question - I used my debit card online to gamble. Made charges on 01/27 01/28 and ... A: Carolyn, I just googled a couple of law firms & on the subject of eforceability of gambling debts, ...
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| debit card | 2/10/2005 |
Q: I used my debit card online to gamble. Made charges on 01/27 01/28 and 01/31. I cancelled the ... A: Carolyn, I'm not sure an offshore gamblling debt is even legally enforceable in the US. Even so I ...
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| post dated checks | 2/7/2005 |
Q: I live in the state of wisconsin and I received a check today, which should have been issued 2/1/05 ... A: Jane, It may be legal, but without knowing the underlying relationship between you and the company ...
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| career | 1/2/2005 |
Q: I am currently working as a Lab analyst with a big pharmaceutical company, I have a diploma in ... A: Mark, Hard to say. Depends on your market. I recommend finance and account courses. Should be a ...
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| Equity LineOf Credit | 12/14/2004 |
Q: I have currently been approved for a 100k equity line of credit.With the money I am starting a new ... A: Sorry, to be responding late. I've been traveling. I guess you've closed your loan by now & you ...
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| ACCOUNT DISPUTE | 12/13/2004 |
Q: I had a problem with B of A, they allowed someone to walk into the bank and withdraw 325 dollar with ... A: Mark, Most banks subscribe to a check reporting agency called Chex Systems. Banks use this data base ...
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| buisness loans | 11/29/2004 |
Q: I am Eric and I was wondering how much money down I need to have to have a 750 000$ business loan? ... A: Eric, Good idea to start saving early. As important as it is to save, its equally important to ...
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| Traveller Checks | 11/4/2004 |
Q: Where (from whom) and how can I buy Traveller Checks without paying commission? If one has a banking ... A: Bertil, I can't find a source for non-commission travlers checks. You might however consider & ...
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| Checks | 10/21/2004 |
Q: I would just like to know how long it takes for a check to expire. A: Oma, Most all states have adopted a form of the "Uniform Commercial Code". These are state laws ...
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| -------------------------
... | 10/20/2004 |
Q: 1)What are the main reasons (detailed) why it is easier to find money from a bank to invest in real ... A: Claude, It can be easy to borrow from a bank, it just depends on who you are. Banks are risk ...
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| free form | 10/8/2004 |
Q: Iīm reading a text about Electronic Fund Transfer but English is not my native language and I donīt ... A: Priscila, Sorry to be late responding to you question I've been out of town. Your question is beyond ...
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| cashing an inhereitance check | 10/6/2004 |
Q: I have received my inhereitance check from my father's will. I want to open an account to invest and ... A: Cindy, Why not just deposit the check into your account & accept the bank's hold policy. Your ...
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| Credit Card Payments | 9/30/2004 |
Q: I live in Massachusetts, am unemployed and owe $40,000 on 4 credit cards plus a personal loan. I ... A: Charlie, The best postion to be in to negotiate a settlement is to be able to convince your ...
|
| Hi Jim
I would like to... | 9/23/2004 |
Q: I would like to know if it is possible for a foreigner to have and account in a foreign country. If ... A: Claude, I can't speak to laws & practices in other countries,however foreigners may open US bank ...
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| is this legal or ethical | 9/22/2004 |
Q: I have a mortgage with a local bank. I converted it from an ARM to fixed and due to some paperwork ... A: John, Without analyzing the specifics of the accounting issues you have raised: I can tell you this. ...
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| Accepting international checks | 8/20/2004 |
Q: Greetings Mr. Meadows, I have a potential client in the UK (I am located in California) who ... A: Shelton, Return deadlines are varied & murky and are determined by the form of te Uniform Commercial ...
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| Accepting international checks | 8/19/2004 |
Q: Greetings Mr. Meadows, I have a potential client in the UK (I am located in California) who ... A: Shelton, Any check which your bank gives you credit for is done "provisionally". By virtue of your ...
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| Opening A Bank Account | 8/17/2004 |
Q: I'm 22 years old and just starting out in the real world. I was wondering how would I go about ... A: Michael, All you should need is photo ID, your bank's minimum opening deposit amount, & your SS#. ...
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| Bank Honoring Power of Attorney | 7/26/2004 |
Q: I unexpectedly had to do friends banking and had a power of attorney drawn. I did all the banking ... A: Camille, You may have an action aginst the bank. You should demand return of your funds in writing. ...
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| Getting a bank account & secured credit card. | 7/5/2004 |
Q: I need to re establish myself and am having a hard time openning a bank account because of a couple ... A: You're just one of thousands who is a victim of chex systems. Many are justly denied accounts; those ...
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| collection question (old credit card) | 6/19/2004 |
Q: hey Jim, When i was young i got a credit card. now im older i still owe on the thing. because of ... A: Adam,Yes they can charge the interest, the collection agent as well. You can't tell to shave the ...
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| Forgotten Bank Accounts | 6/16/2004 |
Q: My lady friend mentioned the other day, as we happened to take a drive up to San Mateo, CA from San ... A: Don, Bank regulators do not have access to bank customer records. If the account became dormant it ...
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| DEPOSITING A LARGE SUM | 6/4/2004 |
Q: Theoretically, if a person receives a large sum of money at one time via a check, what's the best ... A: Monika, not sure what you mean by large, however, if its a check as you say, one would have to ...
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| frozen account | 5/27/2004 |
Q: To make a long story short, I have a contracting business. I owe the Union money. $25000. I have ... A: Dave, If the Union "froze" your account it sounds like they have a judgement against your company ...
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| cashiers responsibilities | 5/11/2004 |
Q: If a cashier notices very unusual (not normal) activity of a long time customers account,(in this ... A: Douglas, The job of the "cashier" (teller) you mentioned is defined by her employer and supported by ...
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| Easy Question | 5/9/2004 |
Q: I sell items on ebay and when I get a check I deposit it and hold it for a few days.My question is ... A: Skyler, Yours is not a dumb question but I don't have a straight answer. Assuming that the funds are ...
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| making money | 4/26/2004 |
Q: Lately I have been wanting to invest in something really bad. I have about 6000$ in the bank right ... A: Trent, A plan to double your money quickly is not investing, it's gambling. If that's your interest, ...
|
| Banking problem | 4/20/2004 |
Q: I have a question for you. In the last two months, I have noticed a wierd bill payment coming from ... A: Tiffany, You are not liable for unathorized ACH debits to your account. Tell the bank that these are ...
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| Bank account | 4/13/2004 |
Q: I am currently on the Chexsystems and can't open a bank account. Can you tell me how or where I can ... A: You're just one of many who is a victim of chex systems.Many are justly denied accounts; those who ...
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| bank error in my favor | 4/9/2004 |
Q: Hey Jim, My bank, wachovia,credited my account 400 dollars last week. i know this money must ... A: Adam, Let's say you lost your wallet at your neighbors, but can't remember where you lost it. Your ...
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| bank/delaware | 4/7/2004 |
Q: sir, I would like to know what is the minimum deposit,and the formalities to open a bank account in ... A: Dominque, Banks have varying policies regarding new accounts but typically you will be asked to ...
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| banking dispute | 3/28/2004 |
Q: I have a long ongoing dispute with an internet bank that even the Better Business Bureau has been ... A: Jeffery , If you have been damaged, I suggest you talk to an attorney. For general complaints, you ...
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| Checking Account | 3/17/2004 |
Q: Is there a certain amount of time after which a personal check can no longer be cashed? A: Denise, Sorry for the delay in responding to your question. I'm in the process of moving. It is ...
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| Certified check | 3/3/2004 |
Q: Can a certified check be stopped or cancelled once issued by a bank. I'm being paid by certified ... A: Sal, Are you sure its a certified check not a cashiers check? Either way it should be safe. Banks ...
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| A friend of mine is having... | 2/29/2004 |
Q: A friend of mine is having finiancial issues. The situation is kind of convoluted and outlandish but ... A: Evan, If there is a trust agreement, it makes no difference whether or not Grandfather made mention ...
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| Canadian open bank account in US? | 2/27/2004 |
Q: I am living in Vancouver, Canada. I will be going to Seattle very often in the near future, I want ... A: Gus, If you are to remain a resident of Canada you can open a US account by offering your ID & by ...
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| Checking account | 2/25/2004 |
Q: My 20-year-old son is living at home while he works a full-time job and attends technical school ... A: One thing you haven't done is fail you son. Most parents, me includeded would be pround to have such ...
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| Credit Card Payment | 2/19/2004 |
Q: I received a letter yesterday from CitiBank saying they have terminated my business credit card ... A: Doug, Sounds like you're being thorough. Make sure you retain all the documentation. Also, when you ...
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| Garshiment on checking account | 2/17/2004 |
Q: I had a disagreement over a bill of $2000 they put a garshiment on my checking account I really like ... A: Sorry for your problems. If you have a garishment on your account this means that your creditor has ...
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| Check card | 2/12/2004 |
Q: do you know what is the best deal out there to earn air travel miles through use of bank card/check ... A: Vara, Most all airlines have a marketing arrangement with one or more brands such as AMX, Visa or ...
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| Banking | 2/10/2004 |
Q: I bank at Union Bank of California and when I deposit a large amount of check they hold for 10 days ... A: September, If your concern is primarliy the delayed credit problem you mentioned, you should check ...
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| card issuer | 2/4/2004 |
Q: what qualifications must a bank meet to become a card issuer of a card association ? A: Thuy, State & National Financial Institutions which are FDIC insured are all presumably eligible to ...
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| CD funds | 10/30/2003 |
Q: My checking account was overdrawn and my bank took funds from one of my certificate of deposit ... A: Mary, Yes, the bank can do this. It gets this right from the contracts you signed (signature cards. ...
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| College investing | 9/13/2003 |
Q: Meadows. I'm a divorced dad. I have a son,5 and a daughter 9. I put monry aside monthly for their ... A: John, You might want to investigate "529" college savings plans which are approved by all states. ...
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| i got in a fight with my boyfriend... | 9/7/2003 |
Q: i got in a fight with my boyfriend and he used my checking account info to pay for stuff that i ... A: Yom, Banks will typicaly not pay accounts overdrawn, but they can at ther option. Checks are usually ...
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| Segregated bank account | 7/14/2003 |
Q: I would like to ask what is exactly a segregated account in bank? If a company claim that clients' ... A: Tom, even though the company might segregate the funds, it just means that the company has an intent ...
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| Twenty dollar Bills | 5/27/2003 |
Q: We have a number of older issue twenty dollar bills that we have been saving. The new twenty doll ... A: Yo, Yoyo! As when new $100's were issued a few years ago, the exsisting 20's in circulation will not ...
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| Transfer of Funds | 5/11/2003 |
Q: Meadows, I will be filling out an application asking me how much I have in my checking/savings ... A: Most VOD's (verifications of deposit) will ask for balances as of a prior date. Sounds like yours is ...
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| checking account | 2/19/2003 |
Q: In 1999, my now husband bounced a $50 check and his bank reported this to Check Systems. We have ... A: Banks can be so dumb & being so inflexible when opening new accounts is among the dumbest. First ...
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| Withdrawl From Savings/Checking Accounts | 2/17/2003 |
Q: .. My question concerns the maximum amount of money that can be withdrawn at one time from a ... A: The general rule is that cash transactions of non-exempt customers must be reported (CTR's), when ...
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| U.S. Banking Laws | 2/11/2003 |
Q: 2/11/03 Jim: I am a writer currently working on a fiction project in which one of my characters is ... A: Time constraints keep me from fulling exploring all your questions in detail butI will do my best. ...
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| reissuance of a check | 2/10/2003 |
Q: I worked for a company several years ago and they paid me with a check. Today I was going through ... A: Cathy, The first thing I would reccommend you doing is to deposit the check into your account by ...
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| How to be sure deposited check is 100% good | 2/8/2003 |
Q: How can I be be sure that check I earlier deposited is 100% good? (make sure real money has ... A: Even when federal law under the Expedited Funds Availability Act provides depositors use of ...
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| Bank error in my favor | 1/14/2003 |
Q: My bank recently credited my account $1800.00. This happened just before christmas so I figured they ... A: You are not entitled to benefit from a mistake made by the bank and you are obligated to repay the ...
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| Post-dated checks | 12/19/2002 |
Q: We live in Georgia, and our situation is that a post-dated check was cashed before the clearly ... A: I didn't realize until today that I had failed to respond to your question, My sincere apologies for ...
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| Deposits under a Power of Attorney | 11/28/2002 |
Q: I need a business checking account with a bank that will allow deposits under a power of attorney. I ... A: Mike, Many small banks as well as big bank branches in smaller communities are not comfortable with ...
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| Bank lost certified check | 11/24/2002 |
Q: I would really appreciate your help on this perplexing and urgent problem. I am a US Citizen ... A: Sorry for the confusion. I read your second message without realizing that there was a first. As to ...
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| Savings - Excess Transaction Activity | 11/20/2002 |
Q: Meadows I am concerned about two letters that I received from my bank. Both letters dated ... A: There is a federal Reg "Q", which limits certain types of transactions on MM accounts, but not ...
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| banking error | 11/9/2002 |
Q: I am a long time customer with my bank. I have a clean record and never had any outstanding bills ... A: This is tough when nobody will admit to an error. You didn't say whether or not the bank paid or ...
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