Posts by Joseph Martin10

Chase bonus

https://vivid.money/r/kristijanEFP

Once you sign up and make your first purchase of $20/$53, you'll snag a $30 bonus plus the chance to earn an extra $100 in cashback at places like Walmart, Gap, and CVS. This referral link is only valid for the first 10 people.

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Invitation for Visa:

You'll receive a $30 bonus just for opening an account, plus $70 in cashback when you shop at various retailers like dm, Walmart, Gap, or Target. This offer is valid until December 1st.

https://vivid.money/r/kristijanEFP

If anyone wants a $30 bonus for opening an Ally Bank account, just sign up using this link:

Thinking about switching to Ally Bank? If you use my referral code kristijr1051, you can snag a $30 bonus. Just grab your new Ally Bank card and spend at least $30 to qualify.

I am currently looking into Ally Bank.

I'll transfer the funds to your Chime account once I've finished the registration. $33Please send me a DM once you've finished registering through this link:

Come join the more than 15 million people who have already switched to this digital banking app. If you sign up using my link below, you can take advantage of their virtual disposable cards—it’s a great way to keep your online shopping extra secure. Check out this referral link for Chime: https://revolut.com/referral/kristixlv!AUG2NT

To get your Chime card, you just need to order the physical one and make sure you complete 3 transactions of at least that amount all before July 14th, 2021. $8.25.

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Morgan Bishop5 said:Hey everyone, I’m looking for some straightforward answers specifically regarding N26, so if there are any experts out there, please help me out.

I’ve been going back and forth with my sister for days about these online banks—I can't seem to convince her on certain points, so I'm not sure if I'm the one in the wrong here. I have a few questions, so if anyone knows the deal, please let me know.

1. Can an N26 card be used for ATM withdrawals in the US even though it operates in dollars rather than, say, a different local currency? Basically, can I withdraw cash from an ATM using my account if the account is set up in USD? (I know there’s usually a conversion fee, I just want to know if it's actually possible.)

2. Can a collection agency block an N26 account, and does that depend on which state the address is registered in? Has anyone dealt with debt collectors regarding this?

3. If the bank is based in Germany, but my sister is currently living at her address here in the States, could a German Equifax report or some other entity garnish her wages or seize funds in Germany if she has an unpaid bill over there?

4. I read somewhere that the virtual card in the app can be used for both payments and ATM withdrawals. How exactly do you pull cash from an ATM using just your phone or a virtual card? Do you actually need a physical card for that?

5. If an account is ordered here in the US, will it have an American IBAN or a German/Canadian one—for instance, if Canada is listed during setup? How do those different versions of accounts work, what do they apply to, and what are the actual differences?

Thanks in advance to anyone who can help. Cheers.

1. You can use it normally to withdraw cash from ATMs; the fee is 1.75%. The only thing is that JPMorgan Chase doesn't charge extra fees for foreign cards yet.$7.25
2. A US agency can't block that account since they don't really have visibility into it.
3. Equifax doesn't handle debt collection; they just store data regarding your bank accounts, cards, and loans, as well as debts owed to specific companies, and calculate your Credit score based on that. If you have an unpaid bill and it goes to collections, they record that info with Equifax. However, only a court can actually authorize a seizure.
4. You can use a virtual card for cash withdrawals at ATMs that support the feature—basically, you add the card to Apple Pay/Google Pay and tap your phone on the contactless reader. I'm just not sure if that virtual card even has a PIN required for withdrawals.
5. The account will always have a German IBAN unless you use an Italian or Spanish address.
The difference between a German and a Canadian account is that the German one limits you to 3 cash withdrawals per month, while the Canadian one doesn't (as far as I know). Other than that, there isn't much difference.

You can snag a $10-$30 bonus after spending just $20 with Chase, plus an extra $50(!) in cashback at dozens of different retailers.

https://vivid.money/r/kristijanEFP

https://vivid.money/r/kristijanEFP

https://vivid.money/r/kristijanEFP

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Score up to $90 in signup bonuses when you open a Vivid account! 🙂

Just sign up through this link:

https://vivid.money/r/kristijanEFP/

Make sure to do this by May 31st by using a German VPN and a German address (you can just pick any random one since the first card you get is virtual anyway).
Once you use that virtual card to make a purchase over $20 (roughly $50), you'll see a $40 bonus hit your account.

If you see "+49" showing up as the country code on the referral link, just delete it and type "+1" instead.

On top of that referral bonus, you can grab an extra $50 in cashback at various partner retailers like Walmart, Target, Dick's Sporting Goods, Gap, Old Navy, and plenty of others—cashback rates usually sit around 10-15% of your purchase.

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Linda Morgan said:I already confirmed it without the middle name. What am I supposed to do now, there's no way to fix it? I thought I had to match whatever was on my driver's license...

It really shouldn't matter at all since they only ask for your first and last name. Your father's name isn't officially part of either one; it's its own separate category, and there isn't even a spot to enter it on Wise.
So, you don't need to worry too much about it.

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Linda Morgan said:Found this info on their site:
Add money to your balances whenever you like. Just choose which currency you’d like to add to, then click Add money. When you add money to your balances, make sure it comes from your own bank account
If I'm reading this right, I have to use a card in my own name.
Or can I just pay with any card and then transfer the funds to my personal checking account later? It's all a bit blurry...

You can actually use someone else's card; just enter your own name when you're filling out the details. Banks don't really verify the name on file anyway; they just check the card number and the CVC code.

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I mean, I get it—it feels pretty intimidating, especially when you’re dealing with large sums of money like a monthly salary.

But honestly, once you start opening accounts and actually moving things around, it'll all become second nature to you.

It just occurred to me that the card might not be available in Cape Cod; did you end up registering with an overseas address within the European Union?

Linda Morgan said:Back again with more questions. While digging through this thread, I came across a comment about a guy having a hard time moving money into his own account. Apparently, the bank was demanding copies of his visa and all sorts of other paperwork just to let him access his funds. Did I misinterpret things, or is it actually common for banks to pull this kind of stunt? Also, in your experience, which is better: Chase or JPMorgan Chase?

They won't have any reason to ask for a residency permit or anything similar regarding the country you're receiving funds from.
The only thing they might request is proof of income, such as a pay stub from your employer.

Other than that, you shouldn't run into any issues.

As for choosing a bank, just take a look at the fees they charge, specifically for incoming international transfers.
From what I could find, JPMorgan Chase charges a minimum of $3 for international transfers up to $500, $10 for transfers up to $2,500, and 0.45% for anything above that.

https://www.jpmorganchase.com/content/dam...012%202020.pdf

If you want to dodge fees up to a certain limit, you can deposit USD using a Warren Buffett card into Chime, handle the conversion which is free up to $2500 per month, and then transfer those USD directly to your American bank account.

Your other option is to stack a Warren Buffett card behind a Curve card; that way, you can load USD onto your Chime account via Curve and then move it to your local US account. In that scenario, you also get an extra £500 in fee-free conversions.

Altogether, you end up with about $1,750 in fee-free monthly conversions, which isn't bad at all.

And if you need to move more than that, it might actually be cheaper to just pay Chime’s 0.5% fee rather than dealing with a flat fee from Warren Buffett—just run the numbers to see what works best for your specific situation.

Bradley Baker2 said:Hey everyone.
I’ve recently started working with an American company... they'll be paying me through Warren Buffett...

Here is what I am wondering about. If I end up working with them long-term... will I run into trouble trying to secure any kind of loan from our local banks? I have this nagging thought that they might scrutinize my accounts before approving anything—which would likely lead to a rejection... Has anyone here actually dealt with this before?

You'll just need to provide them with proof of income (your pay stubs) once you have them. You shouldn't run into any major issues, though it might take a bit longer to process since the application won't be automated.

When you transfer money from Warren Buffett to your US bank account, just put "Salary 05/21" or something similar in the description.

If anyone is interested in scoring more than $20 for signing up for Cash App with much easier requirements, feel free to shoot me a DM and we can work something out.

Otherwise, if you just want the standard $20, you can use this link:

https://vivid.money/r/kristijanEFP

To qualify for that $20, you'll just need to spend $20 within a month of opening your account.

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Edward Evans7 said:?

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I'm not entirely certain, but I would say it isn't necessary. Just try updating your account address and you'll see for yourself.

It looks like Apple didn't just remember you—they’ve practically set up an account for you already. All you need now is to complete the identity verification to get full access. You might want to try reaching out to them on X as well to see if they can speed things up. They also have messaging available right on their website.

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Chime supports instant incoming and outgoing transfers via ACH. N26 currently only handles incoming ones.

And this works throughout the entire US.

The solution: just move to either New York or Delaware for a few months to a year. Pay off $1,000 a month and you’re all set.

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Edward Evans7 said:My apologies, I was rushing.
Expect it to hit by 5 PM today at the latest, or tomorrow by noon.
They tend to be pretty efficient when it comes to that sort of thing.

Sent from my Samsung Galaxy A20 using Reddit

But that's only if the next day is a business day. Weekends don't count.

vividstag0 said:Thanks, I wasn't actually aware of that. It makes me wonder, though—if that's the case, why would Chime offer that kind of protection while Revolut might not? I suspect it comes down to the fact that Chime holds actual banking status, whereas Revolut probably hasn't quite reached that level yet.

Under European Union law, financial institutions registered as banks are required to insure every account up to €100,000. At Chime, accounts are insured through the FDIC (https://docs.n26.com/legal/bank-acco...cherung-de.pdf)

https://support.n26.com/en-de/securi...otect-my-money

And yes, since Revolut doesn't hold a banking license everywhere yet, they aren't obligated—nor are they able—to insure user funds in the same way. They currently use a Lithuanian license specifically for certain users for this exact reason: if Revolut were to fail, the Lithuanian central bank would be stuck footing the bill to reimburse everyone. If Revolut moved all 10 million users under that single license, it would trigger a massive crisis for a country with a population of only 5 million.

vividstag0 said:Thanks for the input. I'm aware that Chime is a bank, but I’d argue Revolut is well on its way to becoming one too.
First off—why even bother mentioning foreign currency accounts if you have Revolut (or Chime) in your pocket? Also, I'm struggling to follow your logic here; you're saying Chime protects you up to $100,000—fine, that's true—but who's to say that the same amount of cash isn't perfectly safe in a Revolut account? This isn't some shady outfit run by Joe from Lower Maglajan that he registered in Burundi; we're talking about a massive, respectable corporation. Plus, they fall under the jurisdiction of the British Financial regulatory body, so—unless I'm missing something huge—there shouldn't be any funny business or sudden disappearances of funds, whether you're holding a single cent or a million dollars in your Revolut account.
Given all that, I still don't see why Chime would have any real edge over Revolut.

The money is insured in the sense that if the bank fails, you are guaranteed to get back up to $100,000, whereas if Revolut goes under, your money could vanish and you'd be...