My apologies, my last message vanished mid-send due to some glitch, and since I can't go back and fix it, I'll just say it here: you'll want to wire the funds directly to the bank account (specifically 2340009-1000000013), and just make sure to include your account number in the payment reference field. You probably caught the fact that this specific account number has an extra digit compared to what you'd normally see, which is exactly why it isn't set up for direct deposits.
It won't matter at all... you might run into some trouble at a retail store or with JP Morgan Chase because of it, but if that happens, you just sign the paperwork right then and there and call it a day.
Ronald Allen said:Opening the account? Takes maybe 5 minutes. Getting a Visa Electron card for shopping on the NET might take a bit longer, like 10-15 days. Closing it also takes about 5 minutes, though I guess it might not even be worth the hassle to bother closing it. There's no fee to open it, but you'll deal with a $1.25 monthly maintenance fee. Plus, you're gonna need online banking and that security token Chase issues for it. Online transaction fees are 0.5%, with a minimum of $40.00 and a max of $123. I'd have to look more into the specific fees for the online banking and the token, because I couldn't find that part.
Maybe check it out, maybe I just missed it. Chase fees
Wait, what? You're talking about foreign currency remittance fees, which have absolutely nothing to do with online banking...
I honestly find that whole story hard to swallow.. A Power of Attorney isn't some kind of joint liability agreement, and Google doesn't have any business or access regarding those documents; even if they did, there wouldn't be a leg to stand on if someone tried to pin the debt on the agent.
People throw that statistic around all the time, but I still haven't stumbled upon an official ruling that actually backs it up. Besides, wouldn't they need to pass a whole new foreign exchange law first, which is hardly a given at this point? It’s honestly even weirder when you consider that foreign exchange laws are becoming more restrictive rather than more liberal, especially in how they're being enforced.
First off, they aren't allowed to just slash or hike your overdraft limit based on some vague economic crisis; it’s tied strictly to your own income.
Secondly, looking at those $4000 quarterly earnings you mentioned, that's basically the ballpark figure for what your new limit should be at most. If I'm reading this right and that $12k is your total revenue for the quarter rather than an average, then your monthly average sits at $1333. Since banks typically calculate an approved overdraft by taking your average salary plus a bonus—capped at 200%, which effectively means three times your average pay—it's pretty straightforward to see that your maximum limit should be $4000. Honestly, it baffles me how you managed to get $10000 before now...
As for your legal rights here, the bank can scale back your limit whenever they feel like it, or even scrap it entirely, without having to give you a single reason why.
:zbunj: Everything about this feels off. Given how tight all those limits are, there really shouldn't be this much room for error. Are you absolutely certain you haven't already run a payment like this somewhere else?
The math just isn't adding up here. Like I mentioned before, the minimum overdraft limit is set at 150%, which means you're looking at one and a half times your salary. When you first sign up, your limit for paying installments starts at that same amount, and while you can choose to lower it if you aren't using it, you can only drop it by a third—bringing it back down to 100% of your salary—and then maybe shave off another 17% on top of that. So, at the absolute lowest, it’ll be about 17% less than your monthly pay; there is no way it's ever going to be four or five times smaller than that. Also, if you keep your account in good standing, the bonus increases by an extra 10% every quarter, so it actually turns into a pretty decent figure before you know it. Maybe this service is useless to you since you're already running an Amex, but plenty of other people find it incredibly helpful.
Generally speaking, your limit is pegged to your approved overdraft, which starts at a minimum of one and a half times your monthly salary. If you’re seeing a lower limit than expected, it simply means you have uncashed checks sitting there, and each one effectively eats away at the total amount available for $333 (you can't really max out both your check availability and your installment plan limit simultaneously, since the whole point of the service is to act as a substitute for those checks) You can always return any checks that haven't been issued yet, and once you do, your limit will bump right back up.
I checked, and you're good to go. My bad... when the package was first rolled out, it wasn't an option, but it looks like they've updated things since then.
darkmaker94 said:Quick question for anyone with a student checking account or someone working at Bank of America😁. Can students use their Maestro card to pay in installments?
You don't actually need to have the full cash amount sitting in your bank account like Keith Kim43 seems to think; what really matters is having enough available credit within your limit $667. To put it simply, you can't go out and buy something that exceeds those $667 because you just won't have the remaining credit capacity to cover it—and I'm talking about the total purchase price here, not just some monthly installment .