bookmark_borderChoosing Bank Account

There are four main types of accounts. The current account, is typical for day to day banking, and can be used to withdraw, deposit, write cheques, and use your debit card.

The basic bank account is similar to the current account in that it is also a day to day account. Most of the time, however, this account cannot be overdrawn for more than ten pounds if at all.

Savings accounts are great for doing just what they are named for…saving. Whether you are saving for a rainy day, or your next big purchase, these accounts normally draw a greater interest rate, giving you the best bang for your buck.

Sharia-compliant accounts are accounts that are similar to current accounts, but are structured and comply with Islamic laws.

Don’t be afraid to ask questions. After all, it is your money, and it is the bank attendant’s job to serve you. The more informed you are, the better off you will be in the long run. Some questions to get you started are: How many branches are in the area?; What are the hours of operation?; What services are available online and when?; What are the fees associated with different services?; What services are available to you as a student?; Does the institution offer overdraft protection? There are other questions that you may want to ask them depending on some of the answers that you will get in response to these, but this should get you started. Once you know what the individual bank has to offer, you can make an informed decision. See, now you are becoming money wise!

Once you’ve decided which type of account you want to open, you normally will be asked to fill out an application form, provide proof of identity, and most likely pay some money into your account.

The bank will notify you if it plans to run a check on you with a credit reference agency get your credit score, and see how suitable you are to have a bank account.

Student accounts are by far the best value for your money! Banks will do everything but hang on the monkey bars to get your business. Why? Well, of course, as with any other service related business, they know that people are creatures of habit. Establishing a relationship with students gives them a greater chance of reaping the benefits of your continued patronage long after your educational goals are met. A good bit of banks offer students some rather trendy freebies as well as 0% overdraft fees. Both of which will come in handy while you are studying.

There are some major big important rules of thumb that you NEED to follow. It is pretty simple once you know what to look for.

The two top competitors in the running for my pick for the best student accounts this year are Natwest/RBS and The Co-Operative Student account!

The co-operative Bank Student account has a whopping £1400 first year overdraft with 0% interest for the first year compared to Natwest/Rbs’s £1000.

Even though the Co-operative Student account offers a larger overdraft limit, Natwest is more appealing to me because of the iPhone, iPad, and blackberry mobile apps, as well as the discount card they offer. You can get some great discounts on some major brands such as New Look, Game.co.uk and 3 mobile to name a few.

bookmark_borderMake Money With Online Bank Accounts

There is very good money to be make with this program, provided you know how to master the AdSense program. If you wish, you can do a search online for Google AdSense information. To master it properly, you need to know about ad positioning, colours etc. So its advised that you study up on this so you can maximise the most out of your Google AdSense bank account.

Another form of income online that most online business people use is affiliate marketing. With affiliate marketing, you simply promote and recommend products and services to the market that these products and services based in. That is affiliate marketing in a nut shell. In order for you, the affiliate marketer to receive payment, there has to be a payment service put in place. For many affiliate marketers, there is a common website that they go to in order to find products and services to promote. This website is known as clickbank. Clickbank offers affiliates over 10,000 digital products to promote and sell online. It is very easy to join up. You simply create an account with Clickbank and once that is done you can then access the many products and services that are offered by clickbank in many different categories.

When you sign up for clickbank, you can easily get an affiliate link for any product you wish to promote. You can place the link wherever you wish, whether it is on your website, blog etc. When a visitor views your page and decides to click on your affiliate link in order to buy what you are offering, clickbank can trace your link and is aware that you have made a commission. This is recorded into your clickbank account and you receive a commission for your promoting efforts. Its that simple really!

One final way to make money with an online bank account is perhaps via pay-pal. Lets say you are selling an ebook or some physical product and someone online wishes to buy your product. You can setup a pay-pal bank account so that you can take orders from customers that are interested in buying your product. This is a great way to do business online. Pay-pal is a very reputable company and it is used by many people that do business around the world! Unlike clickbank, where you have to wait a couple of weeks in order to receive payments. With pay-pal you can instantly receive the cash sum amount. So you never have problems with cashflow.

bookmark_borderAbout Banking Problems

After Four hours of waiting, she checked her balances again on her cell phone. Two checking accounts and one savings account showed negative balances of over $888,000.00 each! Well over 2.6 million, and still no explanation from the bank. They would only tell her that the manager was busy with other problems and they would call her. As of noon on Saturday still no call. We paid her with cash so she make a family reunion on Sunday with no credit cards or debit card for cash. She is trying to get a lawyer, but with the weekend it will be hard to get any help.

I normally check my accounts once a week, but now it will be a daily habit or at least every other day. Word of advice, avoid using debit cards for purchases. This may have been how the fraud occurred, or someone in the bank decided to take a long vacation.

I also inquired about the possibility of opening an account in order to have checking and ATM card at another bank or even switching banks. A hold on any first time deposit is ten days while they do a check with other banks, and if there is a frozen account they will not open an account for you until the existing account is unfrozen. I currently have accounts at three different banks with small balances in each for flexibility.

With the ability to transfer funds between accounts, it make sense to keep funds for business and hobbies separate from household expenses. One last point, automatic deposits to a problem account become unavailable also, so be sure to stop automatic deposits if the problem occurs. These problems will only get worse as social media grows. A hard fact of life we all will have to live with.

bookmark_borderLevy a Bank Account

A levy (also known as a garnishment) of a debtor’s bank account is one of the least complex ways to get paid, if you know where your debtor banks.

Even this simple method can seem complex, but after you do this once, it will be easier next time. Your court may have an advisor to offer some help.

If you do not know where a debtor banks, finding their bank account is sometimes difficult. Of course if the debtor has almost no money in their account, a levy is a waste of time and money.

Bank accounts can be found by having an old check from the debtor, having someone buy something from the debtor, a debtor examination, examining third-parties such as a friend or business partner, or hiring a private investigator.

Most States let you levy on any branch of the bank within the State. In California, the law is (unless the bank agrees otherwise) one must serve the exact same branch of the bank where the debtor first opened their account.

This law (CCP 684.110) was written in days of the typewriter, where one had to refer constantly to filed signature cards. Those days are long gone, and since money is fungible, it is silly to pretend the debtor’s cash is only at one specific branch. As an example, you can get cash from your bank account at any branch.

Some banks such as Wells Fargo are modern and smart enough to let you serve any branch. Most other California banks make it harder to enforce judgments by making you serve the specific branch. Some banks, like Chase, are particularly uncooperative on bank levies. If the bank does not cooperate, you might be able to sue them, but that is beyond the scope of this article.

The first step of a bank levy is to get a writ. The writ is a paper form showing that the Court agrees you have permission to have a Sheriff take a debtor’s assets. Writs cost $25, and generally last for only six months.