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Using Banks and Bank Accounts/Questions Answered by Expert Robert Hanzel
| Subject | Date Asked |
| bank | 1/1/2011 |
| Q: How can a spouse stop the other from spending all their money. HUsband is a drug addict and is ... A: I am terrible sorry to hear about your situation. I have encountered this several times and I can ... | |
| Auto Loan | 12/30/2010 |
| Q: Recently my husband lost his job and I got behind on car payments. I made payment arrangements with ... A: In order to address your individual situation, you would need to have an attorney in your state ... | |
| changing money | 3/18/2007 |
| Q: if you sell an item online and the person gives you there credit card number how do you get cash A: Unfortunately, you have to have merchant ability, which means that you have to be able to take ... | |
| Bank Deposit | 3/16/2007 |
| Q: The bank deposit money in my account in mistake $1,500 now they wane back but i don't have any more ... A: Unfortunately, yes you will have to pay it back. Since it wasn't your money and was someone else's ... | |
| Swiss Banking | 3/15/2007 |
| Q: Actually can we try this again since there seems to be so many Millennium Banks? The one I was ... A: That is the same bank that I was looking at. Sure, the website appears professional, but I could put ... | |
| Swiss Banking | 3/14/2007 |
| Q: I recently saw an offer from Millennium Bank of Switzerland for a high yield premier CD's with a ... A: Personally, I would not feel comfortable with this investment because I cannot find any information ... | |
| 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: Since you are personally signed on the note, than they can come after you even after they foreclose ... | |
| Bank Deposit | 3/3/2007 |
| Q: On Friday March 2, 2007 I went to Bank of America and deposited my sons financial aid check which he ... A: First let me say, don't worry. They will figure it out and you will get your money. Chances are ... | |
| new car/lease car | 2/24/2007 |
| Q: For years I leaned towards leasing a car rather than buying, mostly because I enjoy driving a newer ... A: This is an interesting situation and unfortunately, you will probably not be able to convert your ... | |
| online savings | 2/17/2007 |
| Q: I've recently read an article in a magazine about online saving's accounts, the thing that caught ... A: First, let me say that you appear to be in a healthy financial position and you are wise to limit ... | |
| bank or credit union | 2/16/2007 |
| Q: are there business accounts at credit unions? A: It completely depends upon the rules and regulations of the credit union. Yes, there can be business ... | |
| past due aacounts/collections | 2/10/2007 |
| Q: I was recently contacted by a collection agency regarding a debt that originates in California ... A: Unfortunately, only you can decide if, on a moral level, you will pay this debt; however, I think ... | |
| ID Theft | 2/4/2007 |
| Q: How much money was lost due to ID Theft/check fraud from '04-'06? Can you give me a year by year ... A: Below is a site that will grant you a great deal of information in regards to identity theft. ... | |
| Pursuing the 0% Credit Card | 1/31/2007 |
| Q: Have had 3 years of interest free credit (0% APR purchases) from 3 different banks in sucession. ... A: I had a friend a few years ago who switched credit card companies every six months solely to take ... | |
| my checks stolen and forged | 1/30/2007 |
| Q: In July of 2006, a man took a pad of my personal checks and managed to pass 9 of them before the ... A: There are a number of factors that determine who is responsible for the loss, and the FDIC, just ... | |
| Sister;s name in Mother's Account | 1/27/2007 |
| Q: A messy situation. My mother is in the hospital and needs to go to nursing home, my sister who's ... A: Unfortunately, there is no legal way to obtain this information. You could hire a private ... | |
| cost of funds | 1/4/2007 |
| Q: How do you calculate the average cost of funds of a bank and assigned it to the different areas, in ... A: Different banks may apply different forumalas to calcuate their cost of funds, but it normally boils ... | |
| UK Building Socity | 1/1/2007 |
| Q: What is the purpose of UK building socities? A: Building societies are just like banks, but they are owned by the individuals who bank there instead ... | |
| Foreign CDs, non-US citizen, living in the US | 12/20/2006 |
| Q: I am a permanent resident of the US but not a US citizen. I file US tax returns every year. I am of ... A: Once the money hits the United States it is recognized as income and will be taxed accordingly. ... | |
| 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: Banks will do everything within their power to prosecute someone who has conducted this type of ... | |
| Uncashed Personal Check | 11/9/2006 |
| Q: My credit card company has posted my payment two months ago but has not cashed the check. How long ... A: Technically, you need to wait until the check is no longer valid, which is normally 6 months. This ... | |
| LLC Bank Accounts | 10/31/2006 |
| Q: If a Washington State LLC business bank account was inadvertently used to make a single deposit to ... A: I would request that the individual who made the deposit using company funds reimburse the amount of ... | |
| LLC Bank Accounts | 10/31/2006 |
| Q: Is it against the law to use an LLC bank account as a deposit source with an on-line gambling web ... A: Interesting question, but you have to remember that online gambling is illegal no matter how you ... | |
| which bank has direct relationship with any bank of China | 10/25/2006 |
| Q: I live in Greenville, SC. I remitted my money from my bank accout in Carolina First to a Chinese ... A: Unufortunately, this is a fairly standard type of transaction and fee. Anytime that you are ... | |
| banking and fair lending laws and regulations | 10/13/2006 |
| Q: I am interested in learning banking and fair lending laws and regulations. What's the best source of ... A: There are a multitude of good sites, but I would recommend going right to the source. Therefore, I ... | |
| affadavit of residency and consequences | 10/7/2006 |
| Q: recently purchased home and have come to realization that our belongings will not be able to fit ... A: This is completely up to your lender as they have the right to waive any of the covenants as set ... | |
| fixed deposit account | 9/10/2006 |
| Q: What is the generally accepted lowest interest rate for a fixed deposit in a bank over a period of 1 ... A: Fixed rate deposit accounts are generally a very low rate of return, anywhere between say 1% and 5%. ... | |
| Mortgage rates | 8/30/2006 |
| Q: How high do you think mortgage rates going to climb? I saw some articles on www.quotesforhome.com ... A: This is an interesting question and really is calculated by several different variables. I do think ... | |
| Wrong Amount? | 8/23/2006 |
| Q: What happens if you write a check for more than you intended to? For example, you make a check for ... A: This is an interesting question and it really comes down to the bank, the receiver, and the parties ... | |
| settlement of ACH transfers | 8/18/2006 |
| Q: How many days does it take for an ACH transfer to settle? Thanks A: This is a subjective question and really depends on the receiver, sender, and their respective ... | |
Using Banks and Bank Accounts
Answers by Expert:
Robert Hanzel
Top Expert on this page
Expertise
I can answer questions regarding most areas of consumer and commercial finance. I have extensive experience regarding various types of loans (commercial, consumer, USDA, SBA 504, SBA 7A, foreign), many investment vehicles, credit, economics, and banking. I am not an expert regarding tax structures and other tax issues and thus would not recommend asking tax related questions
Experience
Over 11 years Financial, Investigative, and Legal experience including loan review, due diligence, financial analysis, collections, and risk management. I have managed Credit Administration, Loan Administration, Credit Analysis, Credit Review, Liquidation Departments, Collections, and workouts
Organizations
Both the Risk Management Association and the Bank Administration Institute.
Education/Credentials
I have obtained both my Credit Risk Certification from the Risk Management Association and a Loan Review Certification from the Bank Administration Institute.
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