Archive for July, 2009

In Illinois, do I need a POD at bank to access my parents accounts upon their deaths?

Even tho I have a POA it expires upon the death of my parents. What is a POD and does it allow me to access their bank accounts upon their deaths?
Actually the previous poster is incorrect.
POD = Proof of Death. It will consist of a probated will (one that has been approved by [...]

I have changed bank accounts since I had my tax refund direct deposited. How do I change my bank account info

My rebate is going to be deposited into a closed account. I need to change my bank account info with the IRS>
The direct deposit will fail and the IRS will issue you a paper check.
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Can credit card companies freeze your bank accounts if you don’t pay?

I’m looking to settle my credit card accounts, and have stopped paying them for one month. I understand after several months they will try to settle for less then the actual amount owed, or I can work with a debt settlement company.
I’m concerned though, that they can freeze, or directly withdraw money from my [...]

Volvo Banks on Ebs for Increased Braking Functions

To increase road safety, Volvo is including extra auto functions in its base range for its trucks. These functions will be delivered by EBS (Electronically controlled Brake System) to the European Volvo market.
If a customer selects a truck with EBS in base form, increased braking functions are included without extra cost. Additional functions include [...]

How are overseas bank accounts taxed?

How are US Dollar bank accounts in banks in Swiss banks like UBS and Credit Suisse taxed? Is there a special tax rate, or is it just the same Swiss rate?
If you are not resident in Switzerland, you will not be taxed there. You may be subject to withholding on your interest income however [...]

If you move to another state in the United States, what are you going to do with your bank accounts?

If you move to a state where they don’t have your bank, what are you going to do with the money that you have at your bank where you used to live. How are you going to keep up with your accounts, make deposits.
For example, you live in Chicago, Illinois, and move to Las Vegas, [...]

What is the meaning behind "Swiss bank accounts" in movies?

In movies we always hear about people wiring money to swiss bank accounts, is this away of covering tracks or staying otof trouble or what?
The "what" in your question would be the well kept secrecy the Swiss banks do for their depositors. They do not report your account to any other country, nor answer [...]

How Safe is your Visa Card Account at the Big Banks?

My wife checked on the ( ) Bank monthly statement of December 2006 on 2nd Jan 2007 and
found out there was a billing by the X Fitness Club. She also checked back further into the 2006 November and October statements there are similar billings from X Fitness Club [...]

What happens to your bank accounts if you loose your job in Dubai?

Say I get a work permit and residents visa through an employer in Dubai. I then go and open 5 current accounts at 5 different banks in Dubai. After 8 months I loose my job.
Obviously I will have to leave the country because my visa will be cancelled.
But what [...]