Banking laws
Can I transfer blocked life insurance funds to the Philippines?
I am a guardian and same time biological father of my own 2 children, I am a widower. I am residing in California right now and we are relocating to the Philippines next year. My wife left them two life insurance and its a blocked acct. setup. Can i transfer the funds to the Philippines before we move or after we get there in the Philippines?
Do I have to disclose my personal information for my mother's housing assistance?
My mother is receiving assistance from the housing authority in Myrtle Beach SC and we have a joint banking account that is linked with my personal savings and checking account. When I filled out her recent renewal I blacked out all my personal information and left her banking information as is. I was told this is unacceptable and that nothing should be blocked out even though her information was untouched. I question whether I should have to expose my personal information for anyone to view and is this an invasion of my privacy? In the past I have submitted forms with my information blacked out that were acceptable.
Can a bank allow a large withdrawal without both signatories' consent?
Can a bank allow a withdrawal of over $100,000. on a joint account with out the consent of both signatories?
What is my liability after a stop payment on a contractor's check?
I put a stop payment on a check given to a contractor to complete masonry work at my home. The 'check cashing' entity wants me to pay since they cashed the check. However, my bank honored the stop payment which was made 3 business days after I had written the check. What is my liability?
What qualifies as a foreign bank branch in the U.S. for reporting purposes?
TD F 90-22.1 (rev. 10-2008) states under General Definitions: Account in a Foreign Country: 'Do not report any account maintained with a branch, agency, or other office of a foreign bank (or)_ other institution that is located in the United States'.What constitutes 'branch, agency, or other office of a foreign bank (or) other institution that is located in the United States'?For example, if money is wired to a legitimate United States financial institution located in an account owned by the foreign entity of which a commodity is to be purchased, does that foreign entity fall under the exemption for reporting on TD F 90-22.1?_(or) is typed of in the printed definition on the form which is assumed to be a typo after reviewing TD F 90-22.1 07/2000 similar definition which also appears to have a typo in another part of the sentence.