Questions tagged [banking]

for questions relating to the custody, transfer, and management of money by banks.

15 questions with no upvoted or accepted answers
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Are banks in the US allow to publicly disclose the amount of the checks a bank customer is trying to cash in at the bank along with the customer name?

I read on https://abcnews.go.com/amp/US/black-man-sues-detroit-bank-alleging-racial-discrimination/story?id=68484056: Gordon said a confidentially clause in his settlement with his former employer, ...
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0answers
35 views

Bank tell me it is safe to wait for real-estate loan offer

I'm trying to buy a real-estate and I have already signed a sales agreement. The bank tells me it is slow currently to print an "Offre de prêt" (loan offer), and has given an "Accord de prêt" ...
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509 views

Internet banking regulations in the UK

I'm writing a report for some University coursework, in which I am supposed to analyse the security of an online bank. I'm trying, with some difficulty, to find any laws/regulations/standards that ...
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1answer
78 views

Can I switch my user's payment provider without their consent?

My company uses a payout provider that pays out money to our users. However we have decided to switch to a different payout provider and we are wondering how to inform our users. During this migration ...
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42 views

How do banks (in Switzerland and elsewhere) protect bank secrecy while adhering to government oversight?

Are banks in countries with strong secrecy laws (like Switzerland) letting the government see their account balances for oversight and tax compliance purposes? If so, wouldn't that defeat the purpose ...
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0answers
74 views

In UK law, are any business banking contracts considered unfair and therefore unlawful?

The bank we use for our business banking charged us US$1,300 recently. We incurred the charge by mistakenly initiating two identical transfers on online banking between accounts which have two ...
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0answers
55 views

Is there any legal obligation to banks to offer only one “purpose” field in online banking systems?

I have used numerous online banking interfaces in Germany for money transfer between accounts. While they can be quite different in terms of features such as auto-completion, storage of reusable ...
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0answers
87 views

How can a country reclaim money held in Swiss bank(s)?

Suppose, a 3rd world country X had a corrupt/autocratic government in the 90's. Politicians embezzled a lot of public money and deposited them in various banks in Switzerland. In the 2010's, that ...
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53 views

Can a European bank mandate employees to have a deposit account into which salary is paid

Is this allowed under European law to mandate employees to open a local (i.e. same name) bank deposit account and claim salary will only be paid into that account internally? I suppose it must be ...
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0answers
69 views

What is the legal definition of an “as of” date in the banking world?

My American Express credit card account is being sold to Barclaycard because JetBlue was not able to "reach terms" with American Express. JetBlue has been sending communications via email that this ...
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2k views

Questions about private mailbox address used for LLC in California

I recently created an LLC using a private mailbox to keep my home address private in public records (in California). I work from home so using my home address is not an option due to privacy concerns. ...
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1answer
76 views

Freezing funds with positive balance

My spouse's son is on an account with his stepmother. Both were put on the account at different times by his dad. Unfortunately his dad passed away recently. The money in the account was to be split ...
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14 views

Bank regulations information

If I wanted to build software to support electronic money entities (as far as I know, a Bank without credits) in Europe. Where could I find the list of requirements to follow? By requirements I mean ...
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1answer
281 views

well, I fell for the sugardaddy scam

So, long of the short. They offered to pay off my meager credit card debt. I was able to cancel all the payments but one. I called my bank and reported a fraudulent payment. It was for $211. So, am I ...
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1answer
52 views

Unauthorized use of checking account

Can a friend legally write checks and use debit card on my account without authorization?