Posts by Gerald Palmer66

Arthur Booth96 said:I was wondering if anyone knows what the monthly maintenance fees for a checking account at Chase are these days?

It's about nine bucks.

Kate Foster12 said:Then how was that specific account opened? Enlighten me...

You're being a bit condescending, and now I feel like heading down to Chase just to open a few accounts for people, purely out of spite...

I'm just trying to offer some perspective, though I don't know the specifics of your situation or what your scholarship agreement looked like. It’s possible you have a specialized account, or perhaps there's some unique arrangement in place—who knows? But if you are indeed the primary account holder, you would have had to sign some sort of legal contract to make the whole thing valid.

There is also the possibility that you are a minor, in which case you wouldn't be able to open an account independently without a legal guardian, like a parent, handling it for you.

Or, perhaps Social Services assigned you a guardian because of a legal incapacity, and they were the ones who set up the account on your behalf. Honestly, that last scenario seems like the most plausible explanation to me.

Kate Foster12 said:Look, I signed a contract for a scholarship and my account was set up automatically. I didn't even go down to Chase to open it myself.

The reality is that nobody can open an account on your behalf except you.
Plus, there isn't really a limit on how many different checking accounts you can hold across various banks.

Arthur Booth96 said:So, I guess if that's the deal, I could potentially have my own checking account while also being listed as an authorized user on someone else's account at the same bank? thanks for clarifying. 🙂

Yes, you certainly can.
Please, 😁

Arthur Booth96 said:How could that be impossible? I mean, I’ve already gone through the whole process of signing scholarship contracts for a few different grants, and then, about ten days later, I just showed up at the bank to pick up my debit card. It's pretty straightforward, I guess. 🤷

Well, in that specific scenario, they are technically the account holders, while you're essentially just acting as an authorized representative.
in that case.

Arthur Booth96 said:So, I've already got a checking account set up at my bank. Now, I’m about to sign this scholarship agreement, and it looks like the provider is going to open a separate account for me at that same institution. I was just wondering, is it actually possible for one person to hold two different checking accounts at the same bank? 😕
Thanks for any insight if anyone happens to know how this works.

No, not at the same bank.

Just give them the routing and account numbers for the one you already have, and that should be enough to settle things.

Besides, since you're the only one with the legal authority to open a bank account, no one else can just go out and open one in your name anyway.

neondriver5 said:Quincy:

On the flip side, this is actually the perfect window to take out a loan. Why? It’s not an issue if people anticipate a devaluation. The danger arises when they're caught off guard and max out their credit capacity just as things shift. Right now, you should run the numbers based on an exchange rate of 8.5. If you can leverage that to grab these cheaper installments (priced at 7.4), you’re covered even if a devaluation hits. The worse move is sitting on your hands for a year or two and doing nothing. Once the devaluation happens, you'll be forced into loans with much higher monthly payments. Because of the currency shift, the prices of everything bought on long-term credit definitely won't stay the same (in Dollars).

Ugh, brilliant logic there. (Pardon my French)
So, the exchange rate will magically hit exactly 8.5 in precisely two years and just stop right there, exactly how ice-man imagined it, right?

There is never a "perfect" time for a loan, especially when initial interest rates are this high.
In my view, if someone is dead set on taking out credit, they should either wait for fixed-rate Dollar loans to become available (we're all still waiting for Godot, though maybe it'll show up since we aren't adopting the Euro as fast as people think) or wait for interest rates to drop and opt for something with a currency clause on a shorter term (assuming Dollar-only options don't exist).

No one can say with absolute certainty what the exchange rate will be in two years, but you can certainly try to make an educated guess based on current trends.

Given how things currently stand and considering the way they are trying to solve present issues through monetization (essentially printing money), we can reasonably assume the value of the Euro will be lower in two years than it is today; as for by how much? I honestly don't know.
The most recent event supporting this was last week's buyout of bonds from the most distressed European Union nations (like Portugal or Ireland); back then, 9 billion in bonds were offered for as much as 45 billion Euro in cash. This suggests that while the economy is struggling, there is plenty of liquidity floating around. When there is an abundance of something without any real underlying support, like actual economic growth, its value inevitably falls.

Interest rates are where they are because the market price of money here in America is higher than it would be in, say, Austria; the sovereign risk is higher, legal certainty is somewhat lacking, and so on. But the primary reason for such high rates is the price at which our own government voluntarily agrees to borrow from banks, which is currently hovering around 7%.
The government has always been the ultimate debtor, and it always will be, so a citizen—who is potentially a much riskier borrower in the eyes of a bank—can probably only expect interest rates that are even higher than what the government is currently paying.

p.s.
Starting next year, JPMorgan Chase will be offering certain Dollar-based loans without a currency clause up to $30,000, subject to specific conditions.

We can talk about the Dollar another time.😁

hiddencobra75 said:So, I was just reading that US Congress passed this decision making it legal to open offshore accounts starting back in early 2011, and it’s got me wondering... how does the government actually plan on stopping everyone from just dodging their taxes by opening accounts in neighboring countries? It seems like an easy way for people to go rogue...
How does the European Union handle all that regulation?
I'm assuming citizens within the EU have some kind of unique tax ID number that allows the various tax authorities to keep tabs on accounts held in other member states?
Or am I totally off base here?

Tax what, exactly? 🤷

electricgull61 said:What's your email address?

I just sent you an email via private message.
Thanks, 🙏

electricgull61 said:There really are some good souls out there 🙂

Did you get those study guides?
If you wouldn't mind, could you please forward them to my email?

Does anyone happen to have a copy of the script?
I am more than willing to cover the tab for a round of beers, lunch, or dinner—whatever it takes to make it happen! 😍 😁

wearytrucker22 said:Denmark hits cars with excise taxes of about 200%. Honestly, let Jadranka Kosor just go ahead and slap a 300% tax on new cars, then drop income tax to 15%, corporate tax to 15%, and Sales Tax to 15%.

I am right there with you on this one.

Scott Johnson45 said:So, I was wondering, do you actually have enough cash sitting in your account right now?

I suspect it might be more likely that JPMorgan Chase ends up running out of cash themselves, 🤣
given everything they've been dealing with lately. 😁

I suppose I should probably mention that I’ve been looking into PIKA 24 lately, though I’m far from an expert on the matter. It seems like one of those topics where everyone has an opinion, yet I find myself sitting here, trying to wrap my head around the actual implications of it all. I’ll try to be as thorough as I can, even if my insights are somewhat unpolished. kaže:
Please, take care of your bonuses; if you try to climb that ladder through the standard progression alone, it will easily take you nine years just to reach the fifty percent mark.😉

And what about the irregular ones?

Rachel Brooks63 said:I'm afraid you can't, unfortunately. I already asked about that ages ago😁

Also, does that whole thing about requesting a ban actually work? Because I'm seriously considering heading over there to start some drama.

feraltrucker5 said:I suspect there isn't really a way to hide specific subforums without just hiding entire sections altogether, though I suppose I can't be certain if that would actually solve your problem. 🤷 🙂

Not much luck 😁

It is honestly a bit of a shame because I find myself immediately drawn to a few particular PDF threads whenever they pop up 😁 when I am scrolling through the "new posts" feed.

So, it looks like we are out of luck...

Is there any way I can actually put certain subforums on ignore?

I'm looking for a way so they don't show up at all whenever I log onto Reddit.

William Castillo3 said:Oh, please. It’s clearly just pure jealousy. You’re all just bitter because he hasn't had the chance to swim in your massive, endless blue ocean, yet here he is—with absolutely zero taste for elegance—wandering straight into our local swamp...🤣
P.S. It’s really not that deep.🙂

And you completely overlooked the most important part: how crystal clear it is!

I’m actually quite envious of your 9.3 miles coastlines.

It’s like looking in a mirror!!😁😁😁