money sectionmoney section
Launched in 1998, PayPal describes itself as "the leading global online payment company," and handles transactions in 25 currencies as of 2012. Via PayPal, you can send money that's received in a few minutes or a few days, depending on your payment option. Being aware of PayPal's exchange rates and the fees it imposes on transactions before you send money will ensure that your recipient receives exactly the amount he expects.
Transferring money between people or institutions can be accomplished several ways. Wire transfers have been in use for decades and allow for the verified transfer of money between two entities. Online transfers are similar to wire transfers, with a few key differences due to the technology of the Internet.
You can connect either a manual or automatic transfer switch to a subpanel in your home electrical system so that the emergency generator only provides power to the circuits routed through that panel. Transfer switches are required by the National Electric Code for generators that are directly connected to home wiring. The power comes in to your home from the power company and then is fed into the main electrical panel in your house, from there the circuits that will be active when the emergency generator is running are diverted to a transfer switch which is connected to the generator…
PayPal is the preferred payment method for eBay in many parts of the world, but in India PayPal isn't used. Instead, eBay India uses a proprietary payment method known as PaisaPay, which all sellers are required to offer as a payment option on their listings. PaisaPay does not hold funds the way that PayPal does, drawing funds from the user's Indian bank account instead. So long as that account is linked with the user's PayPal account, however, it is possible to use it to transfer funds from PayPal for use with PaisaPay.
When you need to move money from a bank account register in Quickbooks, enter the transaction appropriately in the register to ensure that your records are accurate. Quickbooks includes an integrated transfer function to move money between your bank accounts. Use the transfer function instead of creating a general journal entry, and make sure to complete the corresponding transfer with your bank to keep the records in balance.
If you received payment from a person or company via money order, you likely cashed the money order soon after you received it. However, if you have an old money order, you may wonder if it expired, and what happens to the money. Whether or not a money order expires depends on the bank or other financial institution that issued it.
Electronic bill payment and online banking services have changed the way financial institutions and consumers send money. EChecks allow a user to send a secure electronic funds transfer, or EFT, from his bank account to any recipient, just like a paper check. While some consumers may be wary of using the Internet to handle financial transactions, sending an eCheck is a secure option when using a trusted institution.
Photobucket is an online photo sharing site. You can use it to create albums, edit photos, host photos that you want to display on other websites, create slideshows and order prints. You can use features in Photobucket to share photos on Facebook, Twitter and Myspace. But if you have more than one account, it's not that simple to transfer photos from the first account to the second one. But there is a workaround that's not very complicated.
The term "ledger to ledger" transfer is antiquated banking parlance meant to describe the transfer of money between accounts in a financial institution. The rise of computer technology in the banking industry has made the transfer of funds in and around various accounts a common banking practice that can be completed simply within the online portals of most commercial banks.
A traditional money order consists of two parts that you must fill out when sending. One is the payment part that you send to the recipient; the other is the stub, or receipt, that is your record that you sent the payment. Although most transactions go off without a hitch, you may encounter a problem. In these cases, it's a good idea to hold onto your money order stub.
When you open a new checking or savings account, you have a number of options for funding that account. Whether you open your account in person at a local branch or online, you need to explore your funding options carefully and determine which option best suits your needs.
MyYearbook account holders purchase items, such as gifts and page themes with lunch money, or L$, currency. They also donate their lunch money to charitable causes. Because many users on myYearbook also frequent other social networking and game sites, such as “IMVU” and “WeeWorld,” myYearbook has partnered with these sites in various ways. One benefit of partnership is that users can exchange their lunch money for the currencies used by myYearbook partners. As a result, myYearbook users can exchange lunch money for IMVU credits and IMVU credits for lunch money.
While ledger transfers and wire transfers are different accounting transactions, in some instances they are interconnected. You cannot make a wire transfer without first making a ledger transfer; the reverse, however, is not true. Both methods involve the transfer of monetary funds, one within the company and the other to an outside source.
Money orders are an ideal way to send money through the mail, but they can be difficult to trace. Most banks will not trace a money order for you and others will charge you a fee to find out if the money order has been cashed. Specialized money order services often offer tracking services for free or for a nominal fee. These services also can trace money orders online, so you do not have to visit a retailer. Sending a money order internationally is not different than sending one domestically, except that it will take longer to reach its destination.
Conventional electricity can be thought of as the flow of electrons through metallic wires. The electrical infrastructure within cities consists of many millions of wires which carry electricity from power stations to homes and offices. Although it is not a well-known fact, electrical energy can be transferred between wires that are not connected. This phenomenon can occur with the use of an electromagnet, and a standard wire. Electrical energy flowing through the coil generates a magnetic field. Any change in the magnetic field will subsequently induce an electrical voltage in a suitably placed wire.
Coverdell Educational Savings Accounts and 529 Plans were created to help students finance their educational expenses on a tax-deferred basis. One is a federal plan whereas the other is sponsored at the state level. There are advantages and disadvantages to both types of accounts, and one type of account works better for some people than others. If you find that you need to move money from a Coverdell account to a 529 Plan, it can be done rather easily, but you need to be aware of the tax and other ramifications of doing so.
If you conduct transactions using Western Union, you are using a service that has fundamental differences with one that utilizes a bank transfer. For Western Union transfers, neither you nor the overseas recipient is required to have a bank account. For bank transfers, both parties must have bank accounts in their respective countries or states.
A money order is a type of check or payment order written by a third-party company to an individual or business for a specified amount of money. At times, after purchase, you may need to cancel the money order. Most companies that issue money orders allow you to cancel the transaction before the money order is cashed. Once the recipient of the money order receives the funds, however, it is not possible to cancel a money order.
Escrow accounts offer homeowners the ability to hold a separate monetary account to store personal funds for mortgage payments, homeowner's insurance fees and funds for property taxes. Escrow accounts handle money from both buyers and sellers to fund the down payment for mortgages and transfer money to repay mortgages, taxes, insurance fees and homeowner's association charges. The escrow, an independent, licensed agency, makes payments on behalf of the buyer or seller, and later the homeowner, as directed by the owner of the escrow account. Closing an escrow account and transferring any funds in the account requires a simple written request…
MoneyGram offers a quick, straightforward way of sending funds to businesses or individuals. Although it’s usually more expensive than transferring money directly from your bank account, MoneyGram allows you to get cash to your desired destination in as little as 10 minutes. If you need to check the status of a money transfer, you can use MoneyGram’s automated phone service.
When you need to send or receive money, a wire transfer is one option that is available to you. If someone offers to send you money through a wire transfer, you may be concerned about the safety of this process. While it may not be as safe to send money through a wire transfer, receiving one is not as dangerous.
If a money order has been lost, stolen or destroyed, the bank that issued it can usually place a stop payment. If the bank is unable or unwilling to place a stop payment and you live in a state that supports the Uniform Commercial Code (UCC), you can submit an enforceable claim. As the person sending the money order, you are considered the remitter and can submit the claim as long as the funds have not been presented for payment by the payee. Once the payee cashes the money order, you cannot stop payment.
Bolo ties, also known as bola ties or string neckties, are a menswear staple in the American west and southwest. In fact, the bolo tie is the official neckwear of the states of Arizona and New Mexico. The tie consists of a thin length of leather or other cording threaded through a slide or clasp and finished with decorative metal tips. By moving the slide up or down, the wearer can adjust the bolo’s fit around his neck. Make your own bolo with a few basic supplies.
An escrow account is created by mortgage lenders to pay fees associated with your house. Escrow accounts typically pay for taxes on the property and insurance policies. If you have overpaid into an escrow account, it is the responsibility of the lender to refund the money to you or reduce future payments.
If you are paying bills or sending money through the mail, you run the risk of the envelope getting lost in transit. Money orders are similar to checks, but you pay for the money order upfront rather than wait for the check to clear your bank account. If the money order gets lost or is never cashed, you will have to file a claim with the company where you purchased it to get the money back.
Transferring money from one bank to another is referred to as an outside bank transfer. Some banks offer these types of transfers over the phone, online and in person, but all provide the option to transfer your money electronically. To initiate a transfer, you must have the account details for both the bank account you're sending the funds from and the bank account you're sending the funds to. Bank transfers typically come with fees that vary depending on the speed of the transfer you choose.
A money order account is just the money order itself. The money order is like a check, but isn't linked to an account because it is prepaid. The purchaser funds the money order when buying it at a grocery store or other retailer. Many people use money orders to pay rent, car payments, credit card bills and other obligations. Money orders may have a maximum value, such as $500. However, a person can obtain as many money orders as necessary. Retailers set their own prices for money orders, but generally they are less expensive than cashier's checks from banks or…
One of the main advantages of the 529 savings account is its flexibility. The 529 account owner is allowed to change the account beneficiary at any point. If a child decides not to go to college, the owner of the 529 can make sure the funds are still used for higher education. With other education plans, contributions become the asset of the child, even if he chooses not go to college. Transferring your 529 plan money to another student is a simple process, but can result in additional taxes depending on your relationship to the new beneficiary.
An international bank transfer is a way to move money from a bank account in one country to a bank account in another country. It is conducted in the same way as a domestic bank transfer, by means of electronic communication following established protocols to confirm the identity of all parties. Not all banks provide this service and the fees for it can be costly, but it offers unequaled convenience in certain scenarios.
A money order is a form of prepaid payment that can be purchased from a variety of vendors, including convenience stores, grocery stores and from the United States Postal Service. Money orders are then sent or given to a recipient, who can in turn cash them for the specified amount, much like a check. If protecting your identity is important, it is possible to send money orders completely anonymously.
A MoneyPak is the only way to add funds to PayPal without a bank account. They are found in places like grocery stores and pharmacies, and they are used to add funds to a reloadable Visa or MasterCard. To transfer the balance to a PayPal Debit card, you must already have a card associated with the account. You can apply for a PayPal card only after your account is at least 60 days old.
If you already have your cash benefits deposited directly into your bank account, you do not have to use an EBT card to access those benefits, according to the California Office of Systems Integration. After you receive your cash aid benefits by direct deposit, you can transfer the funds from your bank account or allow the money to remain in your bank account for later use.
It's always nice to receive a refund from the IRS. However, there are times when you have to make a payment, instead. The IRS makes it convenient for you to pay your taxes to Uncle Sam. You have the choice of making a payment by mail, over the telephone, by credit or debit card, or electronically. The IRS uses the Electronic Federal Tax Payment System, or EFTPS, for wire transfers and online payments. The system is available to individuals and businesses.
Paying debts with money orders is a smart move when dealing with debt collection agencies. Some debt collectors eventually file lawsuits to collect debts, and they may use information from your personal checks to garnish your bank account if the lawsuit is successful. Using money orders allows you to safeguard your banking information. Money orders are convenient because they are widely accepted and available at many locations, including grocery stores.
PayPal is an online service used by shoppers to make instant payments for services or goods. A basic PayPal account requires a bank account for legitimacy and to transfer money to when the user desires cash from his PayPal balance. This standard transfer can take up to five days, although three or four days is common. Other methods are available that can extract the cash faster than a bank transfer, and in most cases, the cash is immediate.
You may not give it much thought when you're collecting a wire transfer from your fashion designer sister who just relocated to Milan, Italy, but money transfers from foreign countries can have tax implications. How the wired money is assessed by the IRS depends on whether the money was intended as a gift or a payment for a service. Either way, there are tax implications accompanied by filing responsibilities which you should be aware of before the filing season rolls around.
Sending cash through the mail is never a good idea; mailing a check or money order is a better idea. When you need to send money overseas from the United States, the postal service mails anywhere in the world. The amount of time it takes for the recipient to receive the money depends on where you mail the package, the method of shipment and customs in the receiving country.
The United States requires banks to hold a certain amount of cash in their reserves. The market and demand for funds can be hard to foresee, so in many cases, these reserves will have a surplus or deficit. In this scenario, banks with surpluses will loan funds to banks with a deficit so each can meet the reserve requirement. A wire transfer is an electronic shipment of funds that companies like Western Union and PayPal practice.
Transferring money from your PayPal account to your Wired Plastic Prepaid Visa card is an easy way to gain access to your funds. Before you can transfer money, you must link your prepaid account to your PayPal account. After linking, funds are usually transferred in three to four business days. Depending on the origin of the funds you are transferring, you may incur a charge for transferring money to your prepaid card.
Automatic deposits, which are made possible through the Automated Clearing House (ACH) network, is a method of depositing funds into, or out of, your bank account without having to physically go to your bank to deposit funds. This saves you time and the cost of traveling to and from the bank. It also frees up your time. You can have your paycheck, Social Security benefits, pension payments and many other forms of regular payment deposited directly into your bank account. You can also pay some bills by authorizing automatic withdrawal of the required funds from your account to be directly…
Cone penetrometers were originally developed to characterize and distinguish soil layers. There are many different types, but all of them use a cone-shaped device to penetrate soils at a specified rate. New cone penetrometer testing tools use wireline sensors during a single penetration of the penetrometer to detect the presence of contaminants, hydrocarbons, organics, metals, radioactivity and explosives in soil and/or groundwater.
The speed and convenience of electronic communications inspired a boom in wire transfer fraud, a criminal enterprise that frequently involves duping victims into sending money under the pretense of winning a prize. In other cases, the scammers steal identities and use them to milk bank accounts. Victims who fail to recognize such schemes may be prone to substantial losses, or held responsible for counterfeit checks that pass through their bank accounts.
A bank transfer, otherwise known as a wire transfer, is an easy way to send money to loved ones and friends. Depending on your bank, a transfer can take a few hours or a few days to be completed. Your bank may or may not charge a transaction fee to process transfers, and fees vary by bank. If you have more than one bank account within the same banking institution, you can also transfer funds between your own accounts.
A traditional 401(k) plan is a retirement account that saves you money by deferring taxes until funds are withdrawn in retirement. Because you haven't paid taxes on the contributions, there are consequences when you close a 401(k).
Just because the government does not require a W-9 for non-interest bearing accounts does not mean your financial institution can't require you to sign one. A W-9 can be used for a multitude of reasons, ranging from identification to proof of citizenship. In some cases, banks simply obtain a W-9 on all accounts as a matter of procedure.
When you create an IMVU account, you create a virtual, animated avatar that you can use in 3-D chat rooms. If you want to purchase new clothing, hairstyles, accessories, rooms, furniture or poses for your avatar, IMVU sells credits you can use to buy these items. IMVU also lets you send the credits you purchase or earn to another user as a gift. You can send as many credits as you have in your account, and you can also include an optional email greeting.
Saving money at a bank or other financial institution is a way to earn a modest return on money while avoiding the risks involved with investing in assets that can go up or down in value. While traditional savings accounts typically offer low interest rates, certificate of deposit accounts or CDs may offer more attractive rates in exchange for a time commitment on behalf of savers.
MoneyGram allows you to send money to many locations around the world. You can deposit the money from your bank account or pay by a credit or debit card. Depending on the transfer method you choose, your recipient may have the money within 10 minutes of you sending it. You can send money online through the MoneyGram website or in person at a MoneyGram outlet.
The Internet provides people with the opportunity to engage in business, education and recreation. Unfortunately, it also provides people with a means of committing crime. One of the more prevalent forms of Internet crime, Web forgery, or phishing, focuses on using the Internet to acquire sensitive personal data, such as credit card or bank account numbers. The Anti-Phishing Working Group reports approximately 68,000 separate phishing attacks just in the second half of 2010. Each attack potentially affects millions of people.
Bankruptcy is an unfortunate reality if you have no way to pay all of your bills and become insolvent as a result. Retirement accounts normally have some kind of protection against seizure or liquidation during a bankruptcy. However, if you decide that your IRA should be liquidated, there are a few possible consequences that could occur.
