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Bank Accounts
- (001)State Laws Can Lead to More Bank Accounts Among Low-Income Minority Households.
According to a new research published in the Journal of Human Resources, State laws requiring banks to offer low-cost accounts to low-income people and limiting check-cashing fees have increased the number of low-income minority households with bank accounts. As a by-side effect, laws limiting check-cashing fee caps have a more immediate impact than those requiring banks to offer low-cost accounts.
- (002)Foreign Bank Accounts, Offshore Bank Accounts, IRS and 5 Year Prison Term.
The Tax Code Reads as Follows: Any United States person who has a financial interest in or signature authority, or other authority over any financial account(s) in a foreign country is required to file a Report of Foreign Bank and Financial Accounts (FBAR), if the aggregate value of these accounts exceeds $10,000 at any time during the calendar year. A potential nightmare all begins with Line 7 of Schedule B.
- (003)Open bank account online.
Online banking tips for college students and their parets from Nexity Bank (Birmingham, Alabama). Lots of parents have been successfully handling money issues during their son's or daughter's college years, you can too. Start from opening two checking accounts at a bank offering online banking options.
- (004)Many people think that a Swiss bank account is somehow dodgy or unsafe because they are not banking in their home country. This is untrue. Some Swiss banks have been around for over a hundred years. They are the same as your local bank account; just in a different country.
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