Kirk W
-
Posts
17,626 -
Joined
-
Last visited
Posts posted by Kirk W
-
-
2 hours ago, Chalkie said:
This is not just you, Kirk, but I wish when people post links to articles that said articles were not behind the paywall.
I'm not sure how one is supposed to know that it is, but if you were to search on the headline, as Dan probably did, you can almost always find another source for that story.
Report: Regulators Issue Formal Orders to Wells Fargo to Enhance Monitoring
-
-
§ 1020.220 Customer identification program requirements for banks.
(i) Customer information required —
(A) In general. The CIP must contain procedures for opening an account that specify the identifying information that will be obtained from each customer. Except as permitted by paragraphs (a)(2)(i)(B) and (C) of this section, the bank must obtain, at a minimum, the following information from the customer prior to opening an account:
(1) Name;
(2) Date of birth, for an individual;
(3) Address, which shall be:
(i) For an individual, a residential or business street address;
(ii) For an individual who does not have a residential or business street address, an Army Post Office (APO) or Fleet Post Office (FPO) box number, or the residential or business street address of next of kin or of another contact individual; or
(iii) For a person other than an individual (such as a corporation, partnership, or trust), a principal place of business, local office, or other physical location; and
(4) Identification number, which shall be:
(i) For a U.S. person, a taxpayer identification number; or
(ii) For a non-U.S. person, one or more of the following: A taxpayer identification number; passport number and country of issuance; alien identification card number; or number and country of issuance of any other government-issued document evidencing nationality or residence and bearing a photograph or similar safeguard.
Note to paragraph (a)(2)(i)(A)(4)(ii):When opening an account for a foreign business or enterprise that does not have an identification number, the bank must request alternative government-issued documentation certifying the existence of the business or enterprise.
(B) Exception for persons applying for a taxpayer identification number. Instead of obtaining a taxpayer identification number from a customer prior to opening the account, the CIP may include procedures for opening an account for a customer that has applied for, but has not received, a taxpayer identification number. In this case, the CIP must include procedures to confirm that the application was filed before the customer opens the account and to obtain the taxpayer identification number within a reasonable period of time after the account is opened.
-
That is a great reason to open an old thread. I hope that someone knows the answer. I gather that you didn't get anything back?
-
Thursday has seminars only until noon and there will be a few things in the afternoon like Dip a Chip for CARE. Thursday night is the big street fair with music and food as well as other activities. Friday is departure day so what you will miss on friday is the traffic jam that is always involved in leaving but is usually pretty much resolved by 10 or 11 am. There are no events on Friday.
-
1 hour ago, palmeris said:
Easier to keep a cash transaction off the "books"
Also true for income taxes.
-
9 hours ago, aztex said:
but I could leave that on the batteries for night time and go about business as usual. Any problem with approach?
None that I can think of but I would lift the leads at the dead converter.
-
JPMorgan Chase? I too am banking with Chase Bank, as they offer premium accounts without any fees to all veterans & active duty people. My investment funds are elsewhere to avoid putting all eggs in one basket.
-
52 minutes ago, palmeris said:
the majority being no sales tax on the transaction...
Interesting. I haven't seen as many discounts for cash as used to be common and the no sales tax is new to me Maybe unreported income?
-
13 hours ago, aztex said:
I had an RV electrician over and he and I checked everything we could think of aside from a small section of buried wires on the DC side.
As a career electromechanical tech., I have found very few RV techs that have had a through knowledge/understanding of electrical and/or electronic principles. The fact that a second converter suffered the same fate tells me that things are not OK. My first thought was the same as Lou, and a short could also cause the cap to blow. Most likely if you install another converter it will experience the same fate.
-
12 hours ago, Chalkie said:
I will bad mouth WF at every opportunity I get.
I hope that nobody believes that they have a bank that cares about them. Pam worked in banking much of her working life, being employed by 5 different major banks (WF was not one of them) and all operated pretty much the same way. If you look at a list of the 15 Biggest Compliance Fines ($1Billion and Above), you will find that the two Wells Fargo incidents are numbers 8 & 9 on that list. The largest fines were by Bank of America in 2014. Unless you choose one of the small, privately held banks they are public corporations whose only reason for existence is making a profit for the investors. Privately held, small banks do still exist, mostly in small agricultural communities but they are slowly disappearing.
Publicly held corporations do not have ethics, only the profit/loss statement matters. You may find a few employees who have ethical standards and seem to care about the customers, but only profits matter to the investors.
-
There is a previous thread about South Dakota SB17.
The future of claiming South Dakota as a domicile...
-
2 hours ago, Chalkie said:
Wells Fargo, however, tends to skirt the law, pushing the envelope until they get caught.
While we no longer are with WF, we were for more than 15 years and have no complaints. We still have several friends who have continued to do business with WF and none of them have mentioned any problems. What was your experience with Wells Fargo? I do wonder if the impact of that ruling last April may have brought extra examination by regulators over the Patriot Act requirements for customer identifications? If you read that story again you will see that it has nothing at all to do with customer address issues.
On another forum there have been posts of this happening at a couple of other financial institutions as well. I have wondered if there may have been some new regulations issued or increased enforcement to others.
-
16 minutes ago, kb0zke said:
Or do they just keep it?
They do not keep your money and federal banking regulations also require that the customer be notified before such action is taken and if there is no response that is satisfactory they then must notify you that your account is being closed. Most also address the way for you to receive your funds. Banks are very much regulated and monitored by the federal reserve.
-
34 minutes ago, justRich said:
The set aside would be stash cash and I'll probably need a vault of some kind for that.
When you consider that part, keep in mind that most of those have a very limited time & temperature in which they are fire safe. Also emergency access should be considered.
-
USA PATRIOT Act US Treasury Dept.
Below is a brief, non-comprehensive overview of the sections of the USA PATRIOT Act that may affect financial institutions.
Section 311: Special Measures for Jurisdictions, Financial Institutions, or International Transactions of Primary Money Laundering ConcernSection 312: Special Due Diligence for Correspondent Accounts and Private Banking AccountsSection 313: Prohibition on U.S. Correspondent Accounts with Foreign Shell BanksSection 314: Cooperative Efforts to Deter Money LaunderingSection 319(b): Bank Records Related to Anti-Money Laundering ProgramsSection 325: Concentration Accounts at Financial InstitutionsSection 326: Verification of IdentificationSection 351: Amendments Relating to Reporting of Suspicious ActivitiesSection 352: Anti-Money Laundering ProgramsSection 356: Reporting of Suspicious Activities by Securities Brokers and Dealers; Investment Company StudySection 359: Reporting of Suspicious Activities by Underground Banking SystemsSection 362: Establishment of Highly Secure Network -
JustRich, while I have several thoughts on some of the views expressed thus far, I am wondering what you are thinking and if your question has been satisfactorily answered?
-
Since you are already a resident of and domiciled in FL there should really be no issue with keeping your current doctors and business contacts. We did that same thing when we went fulltime, except that we were in TX and moved from Ft. Worth, Tarrant County to Livingston in Polk County. Most domicile issues arise over different states for such things as legal problems would be rare from county differences. In most such cases the problem is created by issues of state law or jurisdiction. The one thing that I would caution you about is that you need to discuss the address change/move with your bank and any other financial institutions that you do business with as there seems to have been a recent increase in problems stemming from the Patriot Act as it applies to banking.
-
3 minutes ago, ms60ocb said:
I don't like the Credit Cards shorting business so rather than cash I often buy Gift Cards. Easier to hide than cash. and there is always a Walmart near.
Will Walmart give you cash for the gift cards?
-
1 hour ago, rickeieio said:
When interest rates are low, it costs nothing to have cash on hand.
Do you have a safe in the RV or some other secure place to keep it? Do you don't walk around with that much in your wallet? I have at times traveled with a few hundred dollars in my wallet, but never as much as $1,000, let alone $10k.
-
The answer to that is a pretty personal one and depends largely on your spending habits. We carry a credit card which rebates 2% of all purchases and use that for the vast majority of spending, paying it in full each month. We also have a second card that is mostly a backup which pays 1% and it has different numbers on my wife's card from mine so if one were compromised, the other could still be used. As a result, we spend very little in cash whether stopped or traveling. We usually carry about $100 each, replacing what has been spent each time either of us drops below $80. Our bank refunds any foreign ATM charges so we can easily replace cash, but that rarely happens more than once every couple of months.
If you are one who prefers to spend in cash, then you probably need to have at least 1 o3 months of spending available.
-
-
Introduced in House (03/09/2023)
This bill broadens the scope of allowable firearms transactions involving active duty service members and their spouses and individuals who do not have a residence in any state.
Currently, federal firearms laws generally prohibit a federal firearms licensee (e.g., a gun dealer) from sell or delivering a firearm to an individual whose state of residence is different than the state where the licensee's place of business is located.
This bill defines the term state of residence as the state in which an individual is present with an intention of making a home.
In the case of an individual who does not have a physical residence in any state, then the term state of residence means the address of the individual's private mailbox or post office box.
In the case of a member of the Armed Forces on active duty, or his or her spouse, the term state of residence means (1) the state in which the member's permanent duty station is located, and (2) the state where the member maintains a place of abode from which he or she commutes to the permanent duty station.
-
With a 2016 Leisure Travel Van Serenity S24CB, I am wondering why you need the roof coated?
MyDakotaAddress.com is shutting the doors
in General RV Information
Posted
In a bankruptcy, the court determines what the assets are and how they will be distributed.