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Questions tagged [banking]

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

148 questions
11
votes
2 answers

If the person who shares a joint bank account with makes a large purchase without the other person’s permission, what are the legal options?

If a joint owner of a bank account spends a significant portion of money without the other’s permission and doesn’t ascribe ownership of the purchases to the other parties, what are the legal and non-legal remedies available?
user38388
5
votes
1 answer

I owe money to SVB and I have deposits with SVB. What happens now?

I have 10 million USD deposited with Silicon Valley Bank. Now that they are liquidated, let's say I get to recover FDIC insured 0.25 million plus 5.75 million, total 6 million. At the same time, I owe Silicon Valley Bank 4 million dollars. What…
user49457
5
votes
1 answer

Unauthorized access to bank account

Western Union processed an unauthorized withdrawal of $840 from my bank account, but the reversed the transaction. I am very concerned and a bit stressed out about this given all the security and identity breaches going on. I recently received…
Carlo Abernathy
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2
votes
1 answer

If a bank intentionally causes a 'valid' bank transfer to be bounced back to the sender (maybe also charges a fee) has some law been broken?

If a bank intentionally causes a 'valid' bank transfer to be bounced back to the sender (and maybe also charges a fee for not receiving a required monthly deposit into the receiving account) has some law been broken? For example, a government…
980980
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2
votes
1 answer

Can I sue an at Will employer?

I work in Minnesota which is an at will state at a nationwide banking institution. I was hired in June and was told I would be doing the work of what I now know to be a site in a different state. To make matters worse they changed my job title to…
Khalia Riviera
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2
votes
1 answer

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 you cannot become a lawyer, doctor, or pharmacist. In…
Ronnie Royston
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1
vote
1 answer

Locked out of my own 401k/IRA

I had a 401k plan with a company that I left several years ago and since went out of business and so their 401k plan was rolled over into a generic IRA plan. I want to roll the IRA over into the 401k plan for my current company. However, the old…
kjgregory
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1
vote
1 answer

Legal options for unauthorized access to bank account (and how to prove it)

I've run into an unpleasant situation: https://money.stackexchange.com/questions/75965/mom-keeps-illegally-monitoring-my-bank-account-what-to-do. I was advised to move this question to legal. Could anyone please advise me on my legal options in…
warship
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0
votes
2 answers

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 of accounts, the total amount) is a crime. But is…
Hillary C
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0
votes
1 answer

what is a banker's bank?

What is a banker's bank? I came across this term when I was scrolling through my research on banks. I came across this definition, that says that they are banks that service the charter banks that founded them(or so I understood). I didn't know what…
bzal
  • 103
  • 1
-1
votes
1 answer

The government of a European Union country forces private banks to block deposits into accounts that have not signed their 2-year privacy agreement?

The government of a European Union country forces the private banks in that country to block transfers/deposits into bank accounts that the owners have not signed their 2-yearly privacy?/confidentiality agreement?, legal ? Obviously bounced…
980980
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-1
votes
1 answer

Unauthorized use of checking account

Can a friend legally write checks and use debit card on my account without authorization?
Hunny
  • 1
-2
votes
1 answer

Can I sue the bank that allowed a wire scram to go though without my authorization

My son was scramed on the computer by allowing access to his computer to uninstall a program .The company was going out of business , so they offered a refund . there was a glitch on the computer and they supposedly credit 30,000.00. my son was told…
rotolo
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-4
votes
3 answers

Are banks committing the crime of deceptive marketing?

As depositors of Silicon Valley Bank are painfully finding out, money in a checking account is not exactly the same as dollar bills in your wallet. Money in a checking account are effectively overnight loans to the bank, which are automatically…
user49457
-8
votes
1 answer

Most people treat bank deposits as bailment. Why is this the case? Is this a problem?

Explanation: 99.999% of people treat bank deposits as bailment. But under FDIC rules, only the first 0.25 million is bailment. Amounts above that are loans to the bank. If the bank goes bankrupt, that amount is subject to loss. But the problem is,…
user49461