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Other tips for financially abused kids who want to leave:
Most banks will send you a credit card when you apply. You cannot opt out of it. See if you can get it sent somewhere that's not your home, or find a bank that allows you to opt out of getting one (try emailing them to check).
Also: here's a reddit article I found with banks that allow you to opt out of a credit card- (do your own research though-this information could be false or outdated) https://www.reddit.com/r/personalfinance/comments/deqlx6/how_to_open_a_bank_account_while_hiding_it_from/
(I hear Novo bank allows you to opt out of getting a card. And it's also a business bank. However, a good chunk of the reviews are bad).
Get an account at a bank your family doesn't use, and make sure they don't know about it. Otherwise they could get access to it.
Cashapp can be used as a bank (not recommended bc cashapp isn't as secure as a bank, but it is an option).
You can check how good a bank is by checking nerdwallet and reddit.
You'll need a business bank account-or an account that lets you do business-if you want to freelance (which includes things like transcription). There's an article on nerdwallet about the best business accounts, and another one about accounts you can open without an EIN.
Make sure your bank statements are emailed and not mailed.
There's a bank called Majority which allows people to get accounts without SSN. Most of the reviews I've seen are good, but I still recommend checking the reviews yourself.
Try to get a paypal if you're going to get an online job-a lot of them require a paypal to use their services.
If you don't have proof of address, look for an online-only bank.
^^^
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Cheat on Your Bank—It’s Not Your Girlfriend
When it comes to banks, I am a proud philanderer. Practically a libertine! A player! I keep money here, I keep money there… it all depends on what’s most useful and effective for both my long- and short-term money goals. Here’s where I keep my money and why:
Bank 1: A large regional bank with lots of branches and ATMs in my area. Home of my checking and savings accounts. I keep these two accounts at the same bank so I can easily and quickly transfer between them.
Bank 2: An online-only bank. This is where I have the high yield savings account that I use as my emergency fund.
Bank 3: It’s fucking Vanguard, y’all. Birthplace of the low-cost index fund itself. Here I have my Roth IRA and non-retirement general brokerage account.
Bank 4: The bank my employer uses for employee retirement accounts. I don’t really have a choice on this one, so it’s just where my 401(k) lives.
Bank 5: Our beloved sponsor Acorns, because here at Bitches Get Riches, we practice what we preach. This is my happy little micro-investing account.
Start investing today with Acorns
Bank 6: Home of my very first credit card, Credit Card A. Because a long credit history is good for my credit score, I’ll likely never close this card. This is also where I keep the joint checking account I share with my husband for bills and household maintenance. This bank is the only one we share, as our finances are mostly separate.
Bank 7: Home of my second credit card, Credit Card B… which comes with a sweet rewards program.
Bank 8: Last but not least, this is a bank that specializes in small business banking. And it’s where Kitty and I keep the joint business checking account that we use for Bitches Get Riches.
That’s eight banks. I’m basically the titular boy in Brandy and Monica’s 1998 classic The Boy Is Mine.
Keep reading
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It is festive season in South Asia, and women are some of the most overworked among all social groups.
Suddenly, it is not just you, your partner/parents/siblings anymore - it is the entire extended clan, khandaan, their nosy relatives even with several degrees of separation.
The bulk of festive burden falls on women. From the cooking, an extensive menu that comprises unhealthy food which will not be fully consumed because everyone is diabetic or dieting, and the heartbroken woman has to finish what she painstakingly prepared or watch it go to the trash, to endless decor needs, shopping and gifting the extended family (a fine art which, god forbid you gift one relative something and another differently, tempers erupt) not to mention your own professional deadlines because your boss wants everything early so he can justify the 3-4-5 fay holidays.
Then comes the dieting because you KNOW you will be judged for your appearance, the clothing choices, the exhaustion of dealing with nasty relatives and the politics.
And if you're queer, in the closet or struggling or even simply wanting to be single or avoid marriage, suddenly your life is everyone's business, and this endless social nightmare, the bullying and the ostracism is the opposite of divine, it is debasing. God forbid if you are part of an inter-caste or inter-faith coupling, the negativity is worse.
Here are a few tips on how you can take care of yourself during this season.
You've gotta put yourself first. You cannot fight multiple battles on multiple fronts if you cannot take care of yourself first. FEED YOURSELF FIRST.
Look in the mirror ' and tell yourself - this festive season I am celebrating ME - I will feed myself first. You cannot fight big battles on an empty tank.
1. Food: eat before everyone else - get in the kitchen, make yourself something healthy in half an hour, cut a salad, a bunch of fruits and eat first. Cut up a few veggies at night, put it in a tiffin box and leave it in the fridge. When everyone is snoozing, have that. They will balance out all the junk that will go into your stomach. Don't start any ridiculous fast that will drain you. Get a doctor's note if you are being pressured and say - sorry maa ji. Health reasons I have to be careful.
2. Get a pre-festival health checkup. Go to the doctor and get your stats checked. Some labs offer full-body general health checkups at discounted rates. Grab a package and finish it. When you know where you are struggling, yiu can avoid making it worse.
3. Protect your money. Festive seasons have a pile of insidious stupid expenses that pile up and guess who pays ? The woman, the wife, the daughter in law. Do you think your Husband or inlaws will shell money out for that cute decor and diya set? No way. If you hold them accountable, they will probably give some money for all the gifts relatives give. Remove your credit cards and debit cards from online shopping sites. Pretend something is wrong with your card and it got blocked. Make your husband or In-laws pay instead.
So get realistic, set up a budget and empty your bank account into an FD. Congratulations, you only have a SMALL amount of money left for decorations - use that to get inventive and clever. Pull out old newspapers, and get into wealth-from-waste mode.
If you are even smarter, you will quietly set up an alternative savings account WITHOUT a debit card or credit card and squirrel away your Dussehra - Diwali bonus into it. If your husband asks, "Sorry yar, iss bar company mein bonus nahi de rahe hain, kaafi projects mein behind hue and they arent doing that well"
If you are still living with your parents make it a point to save every money gift you get. Take the cash, hide it safely and don't touch it. First opportunity - put it in the bank account (your own, not a shared one)
4. Secure your Jewelry. A pot of desi women are given gold and precipus jewelry during their marriage but this is often sneakily taken away by your mother in law in order to "safeguard it". It is usually in the bank or a locker you do not have access to.
So, this festive season, go FULL on TRADITIONAL. Wear that old saree, and ask mom in law for your jewelry because your extended family etc are mentioning seeing those pieces from your wedding, because they got sentimental. And then sneakily after the festivities, hide them in your own little locker (which you bought beforehand) and quietly head to the bank, and deposit it in a safe deposit box in YOUR name.
Remember, GOLD is one of the most secure available financial assets for a desi woman. But the gold you have is often controlled by your in-laws once you marry over. So make sure you take iy back bit by bit. And when they ask - make excuses like - the clasp is broken, need repairs, mom wants to upgrade it a little etc. And never give it back to your inlaws. Your gold is YOUR legal property. It should not go to your inlaws.
5. Mentally prepare for tough conversations.
Festive seasons are hard on women and they socially slaughter your dignity. Prepare snarky, sarcastic answers or don't hesitate to shut down what comes your way. But since many of you are raised to be docile, remember to anticipate all the tough topics someone will raise to criticize you, think of their personaliry and prepare some snarky answers beforehand. If a relative is asking abiut your marriage, ask them when their son is going to move out or if they're still a financial burden. Ask if their husbands have stopped ogling the maid. Don't be scared of going offensive. These guys are not your friends and won't hesitate to pull you down.
6. Prepare Me time. Make a set of activities, like groceries etc, that that can leave you alone and give you breathing space from the khandaan. Take longer to shop alone and take a break in the neighbourhood park. Use this time to meditate, check in with yourself and your goals and give youraelf a spiritual pat kn the back.
7. Prep an easy menu and donate the remaining. Plan a food menu that is not extensive. Order delicacies if possible, instead of Doing it Yourself. There is no BEST BAHU and BEST WIFE contest to win. Get the load of cooking off your back. If there is food leftover, call an orphanage and send it to them. Do not eat excessively out of guilt. Donate it to those who need it. When the burden of cooking is reduced the guilt of forced eating goes doen and you won't be putting junk in your body.
Remember - you are your own best friend. Festivals will take a lot out of you. They will cause families to get into unnecessary pissing contests and you have to bear the laborous brunt. So safeguard your time and energy.
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Grumpy elder yells at The Cloud
Online banking/financial stuff is supposed to be easier - or faster - than the "old-fashioned" way. However. I had to spend well over an hour last week trying to get money sent from college savings accounts (plural) to my bank. The JollyFunds account? Had changed their log-in procedure. So I had to call the 800 number, get a bored-sounding human on the line, have him refuse to talk to me (my name and my husband's name are on this account - but his appears FIRST. wtf?!), get my husband to tell the guy to talk to me, get a new login info, etc. It was a Pain in The Ass. Then, after I was able to login and access the accounts, I transferred some money, okaaay - but it was three business days until it hit my bank. Which meant five days, total.
The OtherGuys account? I wanted to log in to check the amount, even though I can't request funds online. It didn't like my answer to the security question, and locked me out. I called the actual human who takes care of distributions. He was busy, so he had to call me back. All taken care of? No, actually, his assistant called me back a couple days later to get more info to process the distribution. Which was electronic, but did in fact take longer than mailing me a check would have.
When I (for example) physically mail a check to my credit card company, it takes me about 3 minutes to write the check and walk it to the mailbox - and they usually cash it two days later. Online takes more effort - sometimes a LOT - and takes longer!
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What if I just become an annoying ADHD money blogger sometimes
#adhd adult money liveblogging
If you have problems saving money (especially emergency savings money) because you always spend it on too many impulse purchases, or take money out of your savings to cover your fun money:
you need to open a savings account with a new bank. The more impulsive you are, the more I recommend a small credit union or online only bank, or a really local bank. Someone whose online fund transfers to other banks takes three whole business days, so you literally can't just instant transfer money from savings to your checking account to spur of the moment buy things. If you're afraid this defeats the point of an emergency savings fund in the case of, well, an emergency, set up a small checking account with a minimal amount at this bank too, and just set aside the debit card somewhere you won't frequently use because it won't have much money until you pull it from emergency savings and put it in the checking account.
Look for one with a high APY relative to having basically no deposit minimum (mine is like 3%) and no minimum deposit or monthly fees. The APY is basically when bank sometimes pays you money for not spending money. It will be like, cents at first. Change in the sofa cushions. But over time, it will be more. Don't worry about it. It's just surprise money for later. Not a lot, mind you. But you're a competitive winner and every cent they give you FREE is a success to zap your brain with dopamine. (Eventually if you have enough money you can do this by like, investing in shit or buying CDs and they just give you MORE MONEY. BUT!!! BABY STEPS.)
This is crucial: if you have some kind of direct deposit paycheck set up, see if you can SPLIT the direct deposit between multiple accounts. The company my job uses to pay people allows us to choose between depositing a fixed dollar amount to certain accounts (with "remainder of paycheck balance" being automatic for one account), OR depositing a percentage of my paycheck to certain accounts. (Percents of a paycheck tend to be higher to start). If you don't get paid this way, figure out a good date to set a recurring transfer from your checking to your savings for an amount so it won't sit in your spendy account long. The goal is to pretend like you just actually never had the savings money in that paycheck. Poof. Gone. Disappeared. It got saved before you became aware of the money.
Feel free to start with a small amount. It can be $5 or whatever. Once you start doing this for a few paychecks look at your money. If you're not genuinely struggling to stay afloat after 2-3 months and are still comfortable, try increasing the number a little. Repeat as needed.
Now you've saved money. 🎉
This is genuinely how I managed to save money more consistently than anything else I've ever tried. Savings money goes in the secret money account. 🤷🏽♀️ Incredibly silly but it works.
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Why Is Chase a Trusted Bank?
Chase Bank has strong history.
Chase is over 200 years old. Many people see it as reliable. Its size also helps. Chase is one of the largest banks. Big banks often seem safe. For example, a friend of mine felt secure opening her first account. She said, “Chase feels stable.” People trust history and size.
Chase offers wide services.
The bank has many options. You can open savings or checking accounts. They also provide credit cards. For instance, I use their rewards card. It gives cash back on purchases. My coworker loves their travel card. These choices attract all kinds of customers. More services mean more trust.
Their app is user-friendly.
Chase makes banking simple online. Their mobile app works well. It’s easy to check balances. You can pay bills in seconds. A friend once told me, “I like Chase because of the app.” Convenience builds trust. People want banks that make life easier.
Branches are in many places.
Chase has thousands of branches. Their ATMs are everywhere. My cousin moved last year. She picked Chase for this reason. “I can always find an ATM,” she said. Access is key for trust. People feel better when banks are nearby.
Customer service matters too.
Chase helps when you need it. Their staff is polite and quick. For example, I lost my card once. Chase replaced it in two days. My neighbor had a fraud issue. Chase refunded her money fast. Good service makes people return.
In summary, Chase Bank earns trust. It has history, options, and convenience. Real-life stories prove its value. Many people feel safe banking with Chase. This trust helps it grow.
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Direct Wire Transfer vs. Credit Card Drain: Understanding Online Wire Transfers and MT103 Wire Logs
In today's fast-paced digital world, transferring money across borders or even locally has never been more accessible. Whether you're sending funds to a family member overseas or completing a business transaction, you have several methods at your disposal. Among the most popular and secure are direct wire transfer and online transfers facilitated by credit cards. Understanding the differences and potential risks, such as credit card drain, will help you choose the right option for your financial needs.
What is a Direct Wire Transfer?
A direct wire transfer is a straightforward and secure way to send money electronically from one bank to another. This method is widely used for both domestic and international transfers. When initiating a wire transfer, you need to provide the bank with essential information such as the recipient’s name, bank account number, and the receiving bank's SWIFT or routing number. The transaction is completed in real-time, which is why wire transfers are often used for large sums or urgent payments.
One of the key advantages of direct wire transfers is their security. Since the funds move directly from one bank to another without intermediaries, the process minimizes the chances of fraud. Additionally, wire transfers are final, meaning once the money leaves your account, it cannot be reversed. This is particularly beneficial for businesses, real estate transactions, or high-value purchases.
However, with all its benefits, there are some potential pitfalls. Fees for wire transfers can be higher compared to other methods, and if you accidentally input the wrong information, recovering the funds can be challenging. That’s why verifying the details before initiating the transfer is crucial.
What is Credit Card Drain?
Credit card drain refers to the unauthorized use of your credit card details, leading to a sudden and often rapid depletion of your available credit balance. This type of financial fraud is becoming increasingly common in the age of online transactions. Hackers or scammers gain access to your credit card information through phishing schemes, data breaches, or even physical theft of the card itself.
The consequences of credit card drain can be severe. Once your credit card is compromised, the fraudster can quickly rack up charges, leaving you with significant financial losses. Although many banks offer fraud protection that can reverse unauthorized charges, dealing with credit card drain can be a long and stressful process. To protect yourself, it's essential to monitor your credit card activity regularly and report any suspicious transactions immediately.
Wire Funds Online: A Convenient but Risky Option
With advancements in technology, it's now possible to wire funds online from the comfort of your home. Many financial institutions and third-party services, like PayPal and Western Union, offer online wire transfer options. These platforms make sending money simple, fast, and efficient. However, as with any online transaction, there are risks to be aware of.
When you wire funds online, always ensure that you are using a secure and reputable platform. Double-check that the website has encryption protocols in place, like HTTPS, to protect your sensitive financial information. Additionally, always confirm the recipient’s details before sending money, as online transfers, much like direct wire transfers, are often irreversible.
While online transfers can be convenient, they are susceptible to fraud and hacking. This is why using two-factor authentication (2FA) and secure passwords is highly recommended when accessing financial platforms.
MT103 Wire Log: Understanding the Transaction Record
The MT103 wire log is a standardized message format used by banks to confirm that a wire transfer has been completed. When a direct wire transfer occurs, the sending bank generates an MT103 document, which serves as proof of payment. This document includes detailed information about the transfer, such as the transaction reference number, sender, receiver, and amount transferred.
The MT103 wire log is incredibly useful for tracing transactions, particularly for international transfers. If there is any dispute regarding whether the funds were received, both parties can refer to the MT103 document as a verifiable record of the transaction. It is a critical tool for businesses and individuals who need to keep track of large or complex payments.
MT103 logs are also useful in resolving delays or errors that occur during the transfer process. If the recipient claims they haven’t received the funds, the MT103 log can be shared with the receiving bank to help expedite the investigation and resolution.
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Quick Way to Get Hassle-Free Cash Assistance with Short Term Loans UK
Have you married in the event of an unplanned financial crisis? Would you like to swiftly get out of this mess? You can apply for short term loans UK and get financial relief from your bad financial problems. One of the best things about short term cash is that you can use the credit to help you get through some emergencies quickly. Taking everything into account, all compensation categorized people are eligible for these credits, including those without debit cards to present to the loan specialist.
You must fulfill all of the qualifying requirements given below in order to apply for a short term loan. It is recommended that you be at least 18 years old. To enable online cash transactions, you ought to have a current checking account. You should have worked for a reputable company for at least the previous six months. You ought to make at least £750 each month in a steady income. You ought to be a permanent resident of the United Kingdom.
You can apply for a sum that varies from £100 to £2500 in the provided short term loans UK. There is a roughly 14-day shift to a 30-day reimbursement residency. Due to the fact that these advances are issued in the moment, there is a slight increase in the loan cost. As such, you are required to return the amount received within the stipulated time frame. The money received through these advances can be used for a variety of financial obligations, such as covering the costs of a child's education, unanticipated medical expenses, market fees, electricity bills, phone bills, unexpected car repairs, small home repairs, Visa duty, buying an occasion package to open, and so on.
Short term loans UK direct lender offer financial benefits without requiring a credit check of your credit history over a considerable period of time. Despite your horrible credit history, which includes liquidation, abandonment, CCJs, defaults, unfulfilled obligations, missed payments, IVA, or even late installments, you can now receive credit.
Easy to acquire and obtain Short Term Loans UK Direct Lender available UK
The repayment terms for short term loans UK direct lender are self-explanatory and range from a few days to less than a year. In comparison to long-term loans, the loan amount is likewise less, but the interest rates are noticeably greater. Short term loans UK direct lender fall under the category of short term cash. These loans are simpler to apply for and acquire because they don't require as much time or effort.
You may now apply particularly for same day loans UK having to leave the comforts of your home or place of business, saving you precious time and effort. Additionally, you can avoid doing time-consuming tasks like faxing old documents, reading a lot of printed material, waiting around for a long time, and so on. Complete a simple online application form by filling out all the necessary fields (full name, address, bank account balance, email address, phone number, age, employment status, etc.). The bank must see the completed form for verification. When the moneylender deposits the amount directly into your bank account in a secure manner, your advance will be confirmed. Therefore, when you need credit most, getting it online is easy and quick.
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Cash App currently does not support accepting payments in multiple currencies. It only allows transactions in USD and GBP, depending on the user’s location. Navigating the world of mobile payments can feel like venturing into a digital bazaar, each app with its own set of rules and currency restrictions. Among these, Cash App stands out as a popular choice for seamless transactions, yet it’s important to recognize its limitations when it comes to currency flexibility. Buy cash app accounts at trustbizs.com.
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This platform makes sending and receiving money as easy as sending a text message, but users are bound by the borders of their own currency zones predominantly the United States and the United Kingdom. Whether you’re a freelancer looking to expand your client base or a small business aiming to widen your market reach.
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Can Businesses Customize Their Checkout Experience With Cash App? How?
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What are the Limits of Cash App for Certain Types of Transactions?
Cash App limits unverified users to sending $250 per week and receiving $1,000 per month. Verified users can send up to $7,500 to $15000 weekly and receive an unlimited amount. Understanding the Cash App transaction limits is crucial for users who frequently manage money transfers via this popular platform. The peer-to-peer payment app, designed to facilitate speedy transactions, has set specific caps, catering to two categories of users: unverified and verified. Buy cash app accounts with LD backup at trustbizs.com.
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Using Cash App requires a simple sign-up. New users download the app and provide basic personal details. To start, there’s a transaction limit. To increase this limit, identity verification is crucial. Users must submit additional information, such as their Social Security Number (SSN).
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Finding the Right Loan: A Guide to Loan Options and Choosing the Best Fit for You
Introduction
Finding the right loan product to fit your needs can be a challenging process. With so many options like personal loans, home loans, and business loans, how do you know which is best suited for you? In this post, we'll provide an overview of the major loan products available and factors to consider when choosing one, as well as how Loans Mantri can help simplify the loan application process.
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Before getting the £1000 Short Term Cash Loans, how long will it take?
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