Book Yoda. Business & Investing.

My bank has not answered my lawfuil, reasonable, and proper questions regarding my account and my communications (emails were sent while I am overseas). The bank does business in the USA and is located in Texas. I think there are state and federaL agencies which regulate federal savings banks.

Banks are regulated by the OCC

http://www.occ.treas.gov/

Credit Unions are regulated by the OTS

http://www.ots.treas.gov/

The Board of Governers of the Federal Reserve regulate federal reserve chater banks:

http://www.bog.frb.fed.us/

(Update http://www.federalreserve.gov/ is the correct URL, the above is old).

and non-charter Federal Reserve banks are regulated by the FDIC

http://www.fdic.gov/

Hope that helps.

2008-03-16 20:45:43 by eagersafe

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The account was opened in 1958 when my husband was a baby. We were going through some old things his parents were getting rid of and came across this item. It is from The Peoples Savings Bank of Evansville, Indiana which closed a few years back. Is there anyway to find out if there is still value to this old account?

By law no institution can convert the owner's funds into theirs. If the institution can not locate the owner of the funds it holds after attempts to contact the owner of the account it must turn the funds of the account to the state treasure of the state that the institution resides. HOWEVER, many banks charge fees to get around this. Some bank call it a lack of activity charge and others may charge a low deposit charge. So don't be surprised if the bank has legally usurpt the funds in the account. Check with the treasure of the state that the bank was located. And good luck. Hopefully Indianna is as good as Kansas is in helping people reunite with their money.

Good luck.

2006-02-28 14:22:48 by pushy4u

Is there any problem if some one have 4-5 Savings bank Account at different banks?

No problem at all, sometimes its actually good. If a bank goes under, at least some of your money is ok in other banks. It also helps to control your money, you could perhaps have a designated bills bank, recreation, savings etc etc. In terms of savings, this could be "holiday", "retirement" or even just to play the interest rates (most have a high rate for balances under £2000, so 5 banks with £2000 will get more interest than one bank with £10,000

2008-01-11 04:17:53 by Light U

I'm trying to sign up for a paypal account, but do not have any information regarding my routing number, hence the fact that it's a savings account, and that I don't have checks.

My general question is, is there a way to add a bank account to your PayPal account without the 'routing number', or is it completely necessary.

If it IS necessary, then how do I find it without any checks to reference?

Every financial institution has a routing number; it is assigned by the Routing Number Administration Board (governed by the Federal Reserve and the American Bankers Association).

Go to your bank's website and search for their routing number. I found mine on my credit union's website in about 3 seconds. They will hopefully have a search feature on their site. The number should be 9 characters in a 4-4-1 configuation (####-####-#).

Good luck.

2007-05-12 13:25:56 by pyroyoukaifire

I applied for a savings account, but I have bad credit. I paid my debts and everything, so I wanted to save some money with some interest, but when I applied at my own personal bank I got denied. What kind of world do we live in? Does anyone know why if you have bad credit, you're not allowed to save money with a bank? Help me make sense of it...

when you deposit an item in the bank such as a check UNLESS the bank holds the deposit they are essentially extending you credit until they recieve the money from the check the bank was drawn on (up to 10 days).

If the item gets returned and you have alreday made withdrawls against that money you COULD overdraw your account. If that happens the bank could loose money if you don't pay them back.

If you have poor credit the bank thinks (this is nothing personal against you, you could have learned the lessons from past mistakes and be the best customer ever now) this kind of behaviour is more likely to occur.

Hope this helps.

You may want to try a credit union, they usually pay more interest and are more lenient on past credit issues.

Good Luck

2008-03-17 16:24:26 by zozosammy