Our bank account was debited for a check issued by a different bank. What in tarnation? [more inside]
posted on May 7, 2008 - 13 answers

Why is the United States ACH (automated clearing house) system so slow and inefficient? Funds can never be assured until several days pass, and that creates a ripe atmosphere for check bouncing. When I do a Paypal transfer to my bank or move money from bank to bank it always takes 2-3 days. Why is the banking system stuck in the 1950s? Is there any talk of overhauling the ACH system?
posted on Feb 6, 2007 - 12 answers

UK bank filter. I get small cheques from an Ameican tech publisher, drawn on an American bank., for dollar amounts. My UK bank wants to take 28 days to clear them, and deducts an unspecified amount to do it. Any recommendations for UK banks that are in the 21st century? [more inside]
posted on Jan 16, 2007 - 19 answers

Banking Filter: Can I do an ETF if the bank account number is right but the name is wrong? [more inside]
posted on Jan 5, 2007 - 3 answers

How can I deposit a check made out to an as-yet-nonexistent business entity rather than to me personally? [more inside]
posted on May 22, 2006 - 10 answers

Banking question: I have a small business in the US, I live in the US, I'm a US citizen. A number of my clients are in Canada. Everytime they send me a check, my local bank has to take a flat $10 out of it - even if its in US funds. Most of these checks are less than $50, so that's a pretty big hit. Apparently this $10 fee is not just my bank, but from their processor. I know I could ask my clients to pay in paypal, but a lot of them aren't set up to do it that way, and I'm reluctant to make them change. I emailed a canadian bank, thinking I'd just mail a deposit off once a month, and then every few months transfer funds, but I need to be there in person to set up the account. Do I just need to insist that clients use paypal? Are there other options I'm not thinking of? Any advice would be welcome.
posted on Sep 5, 2005 - 14 answers