Personal Finance What is the best way to transfer my money ($15000) from my existing checking account to my new checking account at a different bank? |
- What is the best way to transfer my money ($15000) from my existing checking account to my new checking account at a different bank?
- Worked over time 32hrs but they paid me an additional odd hours at Reg wage instead?
- Someone redeposited and old rent check..clearly fraudulent. Advice wanted.
- I expect to be my autistic sibling’s caretaker in 10-20 years. How do I plan for this?
- Will I lose my company match if I max out my 401k prematurely?
- Can someone please help me determine the most efficient way to pay off my student loans?
- Got $18,000 From Deceased Father
- Should I max out 401k?
- At what point does a medical debt sent to collections show up on credit?
- Question about mortgage escrow
- 20 year old looking for advice
- I have $10,000 in my savings account. The only debt I have is student loans. Should I invest in my IRA or pay off part of my student loans? [advice request]
- How to negotiate a $36,000 ER visit bill from a VA hospital?
- Can I setup one direct deposit to get this bonus for a checking account and then just leave it dormant?
- 529 plans for working adult considering graduate school
- ID Theft and fraudulent charges on PSN
- Is this job offer a scam?
- Forced 401k rollover into nearly maxed-out IRA
- Modern Woodmen Fraternal Financial, legit or scam?
- High Yield Savings vs >1 Year Bonds
- Save thirteen dollars a month fast... After a few months
- Working For Uncle Sam?
- Should I finance or buy a car outright?
- Prioritize investing or saving for college?
| Posted: 02 Nov 2019 07:13 AM PDT I created a new bank account at another bank for the new customer bonus. I have to reach $15,000 to qualify for the bonus, however. So I have to transfer my money from my existing checking account which is with BOA. Is it better to transfer $15,000 at once or is it better to split the transfer? Also, how should I make the deposit? Should I make a check and then deposit that to my new bank or should I use Zelle? [link] [comments]  |
| Worked over time 32hrs but they paid me an additional odd hours at Reg wage instead? Posted: 02 Nov 2019 07:25 AM PDT 1st week October I worked through my weekend and pulled 2 doubles back to back for an additional 32 hours.
How/why can they pay Reg wages for any hour over the normal 40 hr/week threshold? Shouldn't it be Reg--80@$13 and OT-- 31.5 @$19.5? I also just had my last day there, things are cordial at best. Any fixes / communication with them is going to be brief and on point. I'd appreciate guidance and any help, thanks reddit. edit in response Oklahoma state. Normal work is 80 hrs /pay period and paid on 15th & 31*. Week worked in post is Oct 2 - Oct 10 @ 8 hrs / day. Double shift, 16hrs, on 12th &13th then my weekend ending this pay period. [link] [comments]  |
| Someone redeposited and old rent check..clearly fraudulent. Advice wanted. Posted: 02 Nov 2019 08:26 AM PDT Hi all. Hoping for some advice moving forward, I'll explain what we think happened and what we have done so far. Please redirect me or delete if it's the wrong sub. Also on mobile and full of anxiety over this so please forgive spelling/format issues. Just to give you a little background, we are new parents to a 7 week old so money is tight. Yesterday we had a withdrawal from our checking that caused us to have a negative balance. Of course I freak out because we haven't paid rent yet so there is no reason to get a low balance email. I check the account and see a check # the typical amount of rent (water is included in rent so it varies) has been withdrawn. It had yet to post yesterday when I looked so I couldnt view the check. I looked up the check # and see we already had used that specific check for June rent. I called the bank (wells fargo) and they couldn't do much since they could not see the check until it posted but filed a claim on that withdrawal. Check posts this morning and it is clearly the old check, same number as the check that already cleared for June rent. But someone has changed the date, the paid to, and the memo. The pos responsible literally changed the memo written 'rent' to 'reimbursement'. I called my apartments office yesterday before the check had cleared and found out they definitely hold on to the checks, scan them in to be deposited so its obvious someone from the office got ahold of our old check and doctored it to pass it off as a new check. I dont even know who tf the person is that is on the paid to line. What should we do from here? File a police report? We will go to the bank when they open now that the check is cleared. By calling the appartment office, did I tip off the asshole who did this? How hard/long will it be to get our money back? I know we have proof with the checks being the same but this has never happened to me before so I'm unsure how long it's going to take or even if we will be able to get our money back. Any advice would be really appreciated and thanks for reading! [link] [comments]  |
| I expect to be my autistic sibling’s caretaker in 10-20 years. How do I plan for this? Posted: 02 Nov 2019 12:00 PM PDT TL;DR: My autistic sibling lives with my parents and the situation isn't healthy or hopeful. How can I plan to be her future caretaker in the next 10-20 years? To begin, my parents [60s] don't seem to have any long-term plans for my sister [24]. She's not in school or on any career path. I don't know if she'll be independent or will be living in a group home or how long she will live with my parents. For many reasons me living with her is not a good solution for either of us. My parents are in a really exhausting living situation and they live on the day-by-day. Either way I want to be able to financially support her to live either in community living or an apartment. I also want for her to have a social worker, have access to assistance and therapy. Basically I want to afford for her what she needs to live a good life. Here's my financial breakdown: I'm single, 27F, make $54K and get a 10% raise each year. That may slow down around the $60K mark. I hope to make $75K in the next 3-5 years. I'm a web designer living in an affordable city in the Midwest. $25K in liquid cash savings $44K in retirement (Roth and 401k) $8K in stocks My personal goals are to get married, buy a house and a car in 3-5 years. I want to be child-free. The $33K is what I want to grow to save for those upcoming years. I don't have the numbers on my parents' end, but they should comfortably live out their retirement. But caring for my sister may interfere with their prosperity. My dad retired from the US government and gets a pension and lifetime insurance, I believe. I expect my sister and I will get a modest inheritance from my grandparents and parents at their passing. My parents are in the process of getting social security benefits for her this year. Not sure where they are on that. I don't talk to my parents about this since they view my sister as their responsibility and they want me to live my life as I wish. But I know that there will be a day when they can no longer care for her and I want to start planning for it. I know I need to have this conversation with them soon. Where should I get started? [link] [comments]  |
| Will I lose my company match if I max out my 401k prematurely? Posted: 02 Nov 2019 09:37 AM PDT My company matches 3% to my 6% contribution. I've been putting in more than 6% and am now near my max. My next paycheck will put me at the max, and there's still 2 months left. Am I going to lose my company's match if I'm forced to contribute $0 the rest of the year? Edit: Thanks for the replies. I'll include an update after talking to HR [link] [comments]  |
| Can someone please help me determine the most efficient way to pay off my student loans? Posted: 02 Nov 2019 09:47 AM PDT Hi everyone, I'd really appreciate some help because my limited math skills make it hard for me to calculate how to best allocate the extra (over the minimum due) payment to my student loan company. Here is my current scenario: I have 10 loans all serviced by FedLoan at a variety of interest rates. My minimum monthly payment due is $433, however I pay an extra $170 per month making it $603 total across the loans below. I can allocate the extra payment across any of the loans below. The root of my question is this... What is the most cost efficient way to pay these off considering the extra payment I'm making. Do I put the extra $170 towards the highest balance and highest interest loan (current approach) or do I aggressively pay off the lower, total balance loans and reduce the overall amount of loans I have? I tried to paste the loan name, interest rate and total remaining balance as clearly as possible below. Thanks for the advice!!! DL SPECIAL CONSOL STAFFORD DLSCST 1.01% $2,155.71 DL SPECIAL CONSOL STAFFORD DLSCST 6.30% $6,206.99 DL SPECIAL CONSOL UNSUB LOAN DLSCUN 6.30% $4,089.10 DL SPECIAL CONSOL UNSUB LOAN DLSCUN 1.26% $3,709.04 DL SPECIAL CONSOL STAFFORD DLSCST 1.26% $2,890.75 DL SPECIAL CONSOL UNSUB LOAN DLSCUN 6.30% $2,042.52 DIRECT UNSUB STAFFORD LOAN DLUNST 6.55% $11,408.87 < Extra $170 currently paid here DIRECT SUB STAFFORD LOAN DLSTFD 6.55% $9,766.20 DIRECT SUB STAFFORD LOAN DLSTFD 6.55% $9,807.38 DIRECT UNSUB STAFFORD LOAN DLUNST 6.55% $13,194.29 [link] [comments]  |
| Got $18,000 From Deceased Father Posted: 02 Nov 2019 04:43 PM PDT My Dac died in 2012, I just received a check for $18,000 and some change. They withheld 20% for Federal Taxes so original is was around $20,000. I may have to pay more taxes on it, income and state? I'm not sure, but I'll see around tax time. Anyways I'm wondering what I should do with the money for now. I'm 18 and have no investments currently. I've got about $11,000 in my Savings from my business and graduation gifts, currently untaxed. I'd like to begin investing the money somewhere because I have no need for $18,000 currently. I don't want to invest it into something which maybe locked for more than a few months at the moment because of taxes. I was thinking of putting it in a 2% interest Savings Account, but I'm curious if there's better options? Additionally, after January, I'm looking more so for longer term investments. I'd like it to be ask risky as possible in hopes of the highest return, but I don't know if that's the best idea. Anyways, I feel bad asking for free advice, but if you have anything to pitch on to my situation, it's appreciated! [link] [comments]  |
| Posted: 02 Nov 2019 03:11 PM PDT With great returns, is it even worth it to try to max out my 401k? I now contribute the minimum for the 5% company match. [link] [comments]  |
| At what point does a medical debt sent to collections show up on credit? Posted: 02 Nov 2019 06:10 PM PDT Hi everyone, I went to an urgent care clinic back in April where I paid the $500 at the time of the visit (ridiculous, I know). However, it turns out that I still owed more money somehow and was not notified until I received a letter from a collections agency asking for $59. I verified that this payment was for the doctors as they somehow don't get paid through the actual clinic (kind of confusing, however the bill was legit). I paid the $59 immediately after receiving the letter. As of today, nothing has hit my credit at all from the collections agency. Since the debt has been paid, will anything show up on my credit if it hasn't already shown up? I am currently in the process of purchasing a home and have very good credit with no blemishes and would hate for a bill that I never received to hurt my credit during this time. Thanks! [link] [comments]  |
| Question about mortgage escrow Posted: 02 Nov 2019 08:31 AM PDT My mortgage suddenly went up by $500/mo. Me and my wife were stunned. It's not affordable. We bought a house two years ago and have been renovating it heavily. So the property taxes went up. Out estimated market value went from $65,000 to $155,000. But the mortgage payment increase doesn't really align with the tax increase. The tax increase seems to only be about $2300 so our payment should only go up about $200. But it's $500. So the difference seems to be something to do with our mortgage escrow (which I barely understand). Seems like we have both a "deficit" and a "shortage" which are two different values. The bank said we could pay it off in a lump sum or pay the new mortgage amount. If we pay this deficit and shortage off in one lump sum, will that be the only time we have to pay it off? Or are we going to have to pay this huge sum every year in order for our monthly payment to go back to normal? Are deficit and shortage the same thing? [link] [comments]  |
| 20 year old looking for advice Posted: 02 Nov 2019 07:13 AM PDT I currently work 2 jobs and take online college classes. I still live my parents. I pay for my phone bill, car payment, car insurance, and anything else I want. I have 2,000 in my savings account and a few hundred dollars on my credit card. My goal is to move out of my parents house within a year or two. The company I work for doesn't offer a 401k and I'm currently not investing any money but I want to start. My parents are have a lot of credit card debt and don't invest either. I want to not follow down their path so I would love some advice on what the next step I should do with my money. Where should I be putting my money right now? [link] [comments]  |
| Posted: 02 Nov 2019 01:35 PM PDT I've got 25k in student debt. This year I've paid off all my debt, including car debt, except for my student debt. I was awarded scholarships for my senior year to where I will not have to pay anymore tuition. Currently I have $9500 in my savings account for emergency and living expenses. The max for an IRA per year is $6000. I currently have paid $3000 into my IRA for the year. Should I use $3000 to pay into my IRA, and then add an additional $6000 into my IRA next year, OR should I try to knock down my student? I have subsidized and unsubsidized loans currently. Interest is about $600 per year currently, I believe. I could be wrong. My monthly income is $2400 after tax. Living expenses before student loan / IRA is $1800. Any advice? [link] [comments]  |
| How to negotiate a $36,000 ER visit bill from a VA hospital? Posted: 02 Nov 2019 04:14 PM PDT Hey guys, I (25f) need some advice on how to settle a bill I received from an ER visit to the nearest hospital to me. A VA hospital was the closest one my roommate could rush me to. I just received the bill in the mail which totaled out to be $36,200! I am completely freaking out! All that for a few hours of them trying to flush my system from having a bad reaction to something I consumed. At least that's what I'm assuming they did. No one explained what they where doing at the time and I was a little out of it. I am barely affording my rent right now and working on paying off credit cards which leaves me barely any money for food and necessities at the end of the month as it is. I work FT @ minimum wage ($12/hr) in California as well as a PT job. I'm working on average 80 hrs a week, 7 days a week and I've no clue how to handle this bill on top of my other ones! What can I do to negotiate or maybe be forgiven for the bill? Does anyone know if Kaiser will help cover some of the bill? [link] [comments]  |
| Posted: 02 Nov 2019 05:48 PM PDT Chase has a $300 dollar bonus for setting up direct deposit to a new checking account and you can avoid $12 fees by leaving 1500 in the account. Does this mean I can just setup direct deposit for a single paycheck and then stop putting money into that account and still get the bonus? https://accounts.chase.com/consumer/banking/online?px=YZ23292 [link] [comments]  |
| 529 plans for working adult considering graduate school Posted: 02 Nov 2019 05:47 PM PDT Hi, if I'm a full-time working adult considering graduate school next year (say 50,000 tuition), while continuing to work part-time, should I establish and contribute to a personal 529 plan? It seems like a way to make my tuition payment and make my paycheck stretch further. Am I missing something? [link] [comments]  |
| ID Theft and fraudulent charges on PSN Posted: 02 Nov 2019 02:42 PM PDT I decided I would sell my PS Vita that I haven't touched for years. To format it I was prompted to log in, and I couldn't remember my sign in. It wouldn't accept my DoB as an authentication either. I call the Playstation customer support line and she tells me my account was locked because I owed $1,198. I asked "Where did these charges come from?", she tells me in 2015 these charges were made purchasing FIFA points. I explained that these were fraudulent, and that I never owned this game, but she insists that I owe this amount. Should I keep calling this number, demanding to have this debt forgiven? Or would that draw unnecessary attention, leading them to demanding I pay up? Or should I stop dealing with Playstation products and lay low? [link] [comments]  |
| Posted: 02 Nov 2019 05:44 PM PDT "I am rest assured that you are eligible to take up the position. Your first assignment is a proficiency assignment which will be used to assess your proficiency. A meeting will be setup with you after the first task to give you feedback on your performance and sign necessary paperwork. This position requires the following equipment and materials:
A pay check of $2,950 will be sent to you which will cover your first week pay and the equipment needed for the position. The printer, papers and licensed application software will be sent to your address by our independent seller after payment is made by you. This is the reason for this check. The printer and licensed application software are essential to perform the virtual assistance task successfully. Kindly send your full name as it should be on the check, valid mobile number and address of where the check should be sent to." [link] [comments]  |
| Forced 401k rollover into nearly maxed-out IRA Posted: 02 Nov 2019 04:14 PM PDT I switched jobs 2.5 months ago and just got a letter from my previous employer saying something along the lines of my account was too small to keep my old 401k and I had to move it. My new job doesn't offer a 401k and I've put in $5000 out of the max of $6000 for my 2019 IRA so far. If my 401k is $4000 and I roll it over to my IRA will that extra $3000 be taxed or are all rollovers safe? Any help would much appreciated! [link] [comments]  |
| Modern Woodmen Fraternal Financial, legit or scam? Posted: 02 Nov 2019 06:47 PM PDT Relative referred me to a friend who is part of Modern Woodmen of America for financial planning. He doesn't seem pushy about it, but looking here on reddit and online yields little information. Any reviews or thoughts on them I should be aware of as I decide whether or not to commit further? [link] [comments]  |
| High Yield Savings vs >1 Year Bonds Posted: 02 Nov 2019 10:42 AM PDT With interest rates falling more and more, would it be smart to put the money I currently have in a high yield savings account that is earning 1.82% to bonds that mature in one year and less? T bills do not get taxed on as bad as HYSA do. Would the tax benefits out weight the few extra bps that the HYSA offer? Ps. I live in NYC and pay city, state, & federal taxes. [link] [comments]  |
| Save thirteen dollars a month fast... After a few months Posted: 02 Nov 2019 01:15 PM PDT On my internet plan I was paying $13 a month to rent a modem router combo. I went onto Facebook market place and found some one selling a modem and router for $30. Just took in the ISP router, so my Facebook market place modem and router should pay for themselves in 2.5 months [link] [comments]  |
| Posted: 02 Nov 2019 10:16 AM PDT Apologies of this is a silly question but I would really like to know the answer. Some of my coworkers tell me that if you work more than 60 hours in a week, you're working for Uncle Sam. What does this mean exactly and are they right? I'm in Texas by the way if that makes a difference. TIA [link] [comments]  |
| Should I finance or buy a car outright? Posted: 02 Nov 2019 05:44 PM PDT I might be buying a Mini Hatchback Diesel 1.5. Copper D 3DR Blue car and I've been given two choices of either finance or buying outright.
I can afford to pay the £6262, but I'm not sure if buying it outright is the best approach. I'm hearing both positives and negatives about finance and buying outright. Its now making me confused and I'm not sure which one to go for. Is there a significant advantage of one over the other? Edit: Finance is at least somewhat flexible. [link] [comments]  |
| Prioritize investing or saving for college? Posted: 02 Nov 2019 07:38 PM PDT Hello, just finished paying off all my CC debt last month. I'm 20 y/o active duty military with $5k savings and am on route to save $40,000 before my contract is up. I plan to use this money to finish my undergrad degree then use my GI bill for medical school. I currently have stopped all my retirement deposits and am wondering if I should start that back up or wait to catch up until I'm done with school. I may not reach that 40k goal if I start saving 10-15% for retirement. (9 years for my contract to be up, finish undergrad, and medical school. Any advice would be appreciated. Thank you! [link] [comments]  |
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