Questions tagged [banking]

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

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1answer
356 views

Felons Allowed Banking License & Right To Discriminate Against Other Felons?

Citicorp, JPMorgan Chase & Co., Barclays PLC, and The Royal Bank of Scotland are all American Felons. https://www.justice.gov/opa/pr/five-major-banks-agree-parent-level-guilty-pleas As a felon ...
-2
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3answers
388 views

Is it legal for a bank to discriminate against someone by the services they offer based upon their marital status?

A bank is charging me this kind of fee: The fee is $0 if you have over a certain amount, or if you have $500 going in through a direct deposit each month. I don't meet these requirements, so I don't ...
3
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1answer
113 views

Can I use a loan for something other than what I said I'd use it for?

I'd like to purchase some grazing land. I'm half way there with the funds and thought of covering the remaining cost with a loan. This would be a personal loan from a UK bank and not secured against ...
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1answer
83 views

US bill traceable?

In my country (France) we have to be registered before changing € to $ USD with names, address etc... Is a US bill traceable? Can the authorities know with the serial number were the bill went, in ...
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0answers
66 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 ...
2
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1answer
244 views

What is required to open a bank in USA?

What requirements should I meet to start a bank in USA? What are the requirements in other countries?
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0answers
1k 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. ...
1
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1answer
93 views

Asking a bank to sign a contract?

I was given an opportunity to receive a $1,000.00 bonus for opening a bank account; however, the bank claims that they will "revert the bonus" if the account is closed within six months. The bank ...
3
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1answer
174 views

Is it legal for banks to transfer money without account holder's permission

Suppose someone takes a personal loan from a bank and defaults on a payment. Can the bank unilaterally take money from other accounts he may have at that bank to make the required loan payments? Can ...
3
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2answers
98 views

How was the $200,000 minimum income for accredited investors decided?

The SEC has a rule that restricts the definition of an accredited investor to a person who has income in excess of $200,000. (6) Any natural person who had an individual income in excess of $200,...
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2answers
4k views

Someone withdrew money from my bank account - what are my rights?

Someone withdrew money from my checking account (in several transactions) without my knowledge or permission. I was able to see the withdrawal slips online, and my signature was forged. I reported ...
0
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2answers
64 views

Is it against the law to attempt gaining other person's banking information?

This is a purely theoretical question. For example burglary is a crime. An attempted burglary is also a crime, but not as severe as a real one. Getting other person's banking information (the number ...
2
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0answers
451 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 ...
3
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1answer
586 views

Effect of Multiple Names on Bank Account

Background: I learned recently that multiple account holders on a bank account keep that account out of probate if one person dies. Or, in other words, if one person dies then the other account ...
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1answer
327 views

Proving relationship to deceased

My brother in law died recently, we had very little interaction with him in the past 4 year. He himself was a guy from countryside Lithuania and not a very technology educated. He lived for past four ...
3
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3answers
2k views

Do I have any options if Chase has closed my account citing payment from fraudulent sources?

A few weeks ago I received a $125 Chase QuickPay from someone on the site localbitcoins.com. Turns out the payment was marked fraudulent, and my account was frozen, whether it was because the user was ...