Dreamchaser
Tue Oct 01 2024
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5 answers
1425
Is it legal for banks to charge inactivity fees?
I'm curious to know, is it legal for banks to impose inactivity fees on their customers' accounts? I've heard some people complain about being charged for not using their accounts frequently, but I'm unsure if this practice is actually permitted under the law. Can you clarify the legality of such fees and provide any insight into how they might be regulated or restricted? I'm interested in understanding the specifics of how these fees work and what rights customers may have when it comes to challenging or avoiding them.
Lucia
Mon Sep 30 2024
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7 answers
1364
How to transfer 100k between banks?
Could you please elaborate on the process of transferring 100k between banks? Is it a simple online transaction, or does it involve additional steps and precautions? Do I need to provide any specific documentation or information to facilitate the transfer? How long does the transfer typically take, and is there a fee associated with it? Is there a way to ensure the funds are securely transferred and arrive safely at the destination bank? Additionally, are there any limitations or restrictions I should be aware of when transferring such a large amount?
AzrilTaufani
Mon Sep 30 2024
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6 answers
1453
Why do banks like swaps?
Could you please explain the rationale behind banks' preference for swaps in the realm of finance? What specific benefits do they derive from engaging in such transactions, and how do they contribute to the overall financial stability and growth of these institutions? Are there any risks associated with swaps that banks need to be mindful of, and how do they mitigate these potential hazards?
CryptoMaven
Mon Sep 30 2024
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5 answers
1028
Why are banks asking for re KYC?
Could you please elaborate on the reason behind banks requesting re-KYC (Know Your Customer) procedures? It seems to be a recent trend and I'm curious to understand the motivation behind this requirement. Are there any specific regulations or policies driving this change? Is it due to concerns about money laundering, terrorism financing, or other financial crimes? And how does the process of re-KYC differ from the initial KYC verification? Your insights would be greatly appreciated.
SejongWisdomSeeker
Sun Sep 29 2024
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7 answers
1756
Which banks support Coinbase?
I'm interested in using Coinbase as my cryptocurrency exchange platform, but I'm wondering which banks support it? Are there any specific banks that work seamlessly with Coinbase for deposits and withdrawals? Are there any banks that are known to cause issues or delays when using Coinbase? Can you provide a list of recommended banks for Coinbase users, or any tips on how to ensure a smooth banking experience with Coinbase?
