Q&A :Banking

Having a separate bank account for business/investing, but not a "business account?"

Say I invest and I’m self-employed. I have one “personal/everyday” account, but would like to separate another account purely as a “staging...

How to get a credit card as a minor?

To my understanding, to get a credit card as a minor I would have to be 18 or I would have to be on an account with one of my parents. Unfortunately for me my parents...

How to open a US bank account from abroad?

I’m stuck to a situation. I’ve was living to the USA on non-resident L1B visa , till last year my visa expired so I moved to India. I filed my tax return,...

Will one’s education loan application be rejected if one doesn't have a payslip providing collateral?

Is it possible to reject education loan by SBI/IOB for abroad if don’t have payslip where parents are doing small business but provided necessary collateral which is...

ACH File Transmission

Is there any desktop software, either web based or desktop based, to transmit ACH File request to the financial institution? I saw some ACH File creation applications...

BoA Closed my Accounts and Froze my Funds. How can I get money back besides cashier's check?

Earlier this week I had tried to buy food with my debit card but the transaction was declined. I immediately contacted my bank (BoA) and was told there was a note left...

Changing Bank Account Number regularly to reduce fraud

4 others and myself are going through the motions of renting a student accomodation in the UK. So far we have had to pay a holding fee to secure the flat. To do this we...

why is buying trading-stock from cash not regarded as an expense?

First of all I understand that bank money is an asset and so is trading-stock, but why is buying trading-stock not regarded as an expense to the business?

If I deposit money as cash does it count as direct deposit?

If I deposit money as cash does it count as direct deposit ? I am asking before I got an offer from a bank if I do one direct deposit within 90 days. Free money is good.

How can I check if any accounts were recently opened in my name

Someone just tried to open a Paypal credit account in my name. I was able to get the account closed and the charges revoked, but now I need to make sure there is nothing...