#bank

Lost Bag Compensation – How to cash a check in the US? [No US Bank Account]

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Lost Bag Compensation – How to cash a check in the US? Hello, My sibling visited me in USA and their baggage was lost during the international travel. The airlines is providing some compensation but they are sending a check to my US address on sibling’s name. As my sibling is not a US citizen or resident, they don’t have any bank accounts here. How can we cash this check? To add to this complexity, …

Reddit Personal Finance 1.1k 2023-10-25

Can a bank/credit card reduce your credit limit to below your balance while you have that balance?

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Can a bank/credit card reduce your credit limit to below your balance while you have that balance? Let’s say somebody has a credit limit of $9,000 on a card. They borrow $7,500 by spending with the credit card. They pay their bills on time. However they have less income than when the original credit limit was approved. The bank determines based on their income or lack of income, the credit limit should be $5,000. Is there any worry that the…

Reddit Personal Finance 1.2k 2023-10-23

Girlfriend cashed a check from her 401K now the bank locked her account, NEED HELP!

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Girlfriend cashed a check from her 401K now the bank locked her account, NEED HELP! My girlfriend found out she had a 401k from a previous job that she decided to cash out. She got a check in the mail yesterday with the amount of 13,000 or so. Went to the bank today, deposit it, teller did ask where she got it from but said that since it was a 401k account, the check should go in with no issues. Now shes recieved a email that h…

Reddit Personal Finance 1.2k 2023-10-23

Leaving US for Ireland how to manage bank accounts and a house sale?

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Leaving US for Ireland how to manage bank accounts and a house sale? Currently unemployed and considering early retirement (58.5 yrs old) I have bank accounts and a credit card and some 401k stuff ($500000) with fidelity and vanguard. I also have an american based revolut account that I only use a bit for managing euros if I’m in Ireland. My question at the moment is what happens to my bank accounts if I relocate…

Reddit Personal Finance 765 2023-10-17

Tried paying off a loan by group…it accrued interest while bank transfer was pending

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Tried paying off a loan by group…it accrued interest while bank transfer was pending I tried paying off my student loan group that had the highest interest. I entered the full balance to pay and it took about 36 hours for the transfer to complete. Within those 36 hours, that loan group accrued 83 cents of additional interest. How am I ever supposed to pay off my loans if in the day and a half it takes to transfer money my intere…

Reddit Personal Finance 953 2023-10-15

Credit card stolen and TD Bank refuses to acknowledge fraudulent charge… help!

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Credit card stolen and TD Bank refuses to acknowledge fraudulent charge… help! About a month and a half ago, I had two credit cards stolen- one a Wells Fargo card, and one a TD Bank Cash Rewards card. The thief made four purchases on the Wells Fargo card and successfully made one on the TD Bank card (they attempted a second, I later learned, but that purchase was denied). I called both banks, closed the cards, and reported…

Reddit Personal Finance 599 2023-10-13

One bank account for married couple. What is the optimal setup?

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One bank account for married couple. What is the optimal setup? Hi everyone, My wife moved to America four years ago, and we never took the time to set up her own bank account. For daily life, I give her my credit card and use Apple Pay on my phone (or debit card/cash), and both of our paychecks are direct deposited into this one checking account with BOA. I’m not too worried about her running away and ste…

Reddit Personal Finance 173 2023-10-11

I have 20k american dollars sitting as a eu citizen in a greek bank

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I have 20k american dollars sitting as a eu citizen in a greek bank I inherited 20k from my grandfather in dollars and i don’t know what to do with them. I am will be finishing my integrated master in electrical and computer engineering in 2 years (i hope). I wanted to put them to american bonds or something like that but i don’t have access as a european citizen. I also don’t want them to be converted to euro. …

Reddit Personal Finance 215 2023-10-10

We got 50k sitting in the bank

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We got 50k sitting in the bank So my wife (25F) and i (25M) bought a small property in 2020 fixed it and flipped it. We ended up w/ the 50k after everything. We were going to do it again but the way the house market is now a days its really hard and the competition is beyond me. Where im living there is basically nothing so i gave up on that for now. But i want to invest my m…

Reddit Personal Finance 164 2023-10-07

Can I get thoughts on joint bank accounts?

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Can I get thoughts on joint bank accounts? I was talking with my boyfriend recently and the topic of joint bank accounts came up.…This is a step I’d consider once we are married but I don’t know why this concept seems so foreign to me. I was asking about spending etc and he simplified it by saying it becomes “our money”. Let me be clear by saying we split our costs of living right down t…

Reddit Personal Finance 237 2023-10-07

Business Bank Account Questions

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Business Bank Account Questions Hello, I am starting an online business, and have some questions in regard to opening a business bank account and tax returns. I am very new to this, so please be patient. My questions are: ​ I heard that it is beneficial to open a new business bank account before starting a new business for making tax matters easy. Can I open a business bank a…

Reddit ecommerce 133 2023-10-07

Should i open a bank account?

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Should i open a bank account? I’m 18 about to start my last year of high school. Currently i don’t have a job and my only income is mostly from my father. He gives me money every month. For some time i’ve been thinking about opening a checking account to be able to pay for stuff online, not deal with change when in a grocery store and keeping track of my money and how much i…

Reddit Personal Finance 207 2023-10-05

Car Payment Mistakenly Sent To Collections. Issue Fixed By Bank and Collections / Debt Agency But Credit Bureaus Won’t Remove

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Car Payment Mistakenly Sent To Collections. Issue Fixed By Bank and Collections / Debt Agency But Credit Bureaus Won’t Remove Hi all, The title says it all. My car payment has been automatic for a year. I pay around $300 a month which is automatic. Somebody at USAA sent it to collections on accident. I received a letter, called USAA, called collections, and it was handled promptly. I waited five weeks and saw no change to my credit score that tanked. I submitted a dis…

Reddit Personal Finance 174 2023-10-03