Todd Said:

How is working for Bank of America in the collections Department?

We Answered:

Currently BAC is hiring in Foreclosure, Workouts and Collections. If you need a job, its a job. Your relative is partially correct, there is pressure to collect and you do compete with your peers. I would suggest that you look for a opening in Foreclosure first and then Workouts.

Keith Said:

Is there a working, fully-functional HSBC bank in Salt Lake City, UItah, with a full address and phone number?

We Answered:

I don't think HSBC is fully functional they are the worst company I have EVER dealt with. Just my opinion. To answer your question "No, i don't know of any in Salt Lake."

Tom Said:

How does a minimum deposit work(bank)?

We Answered:

the bank will be happy with whatever you put in, however you must put in the full $245 to make the account right again.

in pulling out more than you had you basically borrowed the money from the bank. the extra money wasn't "yours" so it was leant to you.

Gertrude Said:

If I am an out of work Bank Teller should I wait around for stimulus money to fun road projects?

We Answered:

NOPE! This Government slays me! They keep bragging about ALL the jobs they have CREATED!!! These guys are completely lost in space! Do they really think fixing roads and repairing bridges is the only thing the Public does!? They never once mention people like you and me who worked in offices and stores! WE are the people who need the jobs and I don't see us getting back to work in the near future!! Here's another one! Obama says "mothers go back to school"!!! So who takes care of the kids while she's there! And WHO is going to pay for it!!! Daddy got laid off, so maybe HE could baby sit, but that isn't going to bring the bacon home! They tell us about ALL the great things they have accomplished during this past year, and have the nerve to tell us the economy has taken a turn for the better! I wonder who does the Math for them!? Obama's changes have caused nothin but headaches! The Administration can't agree with one another, he helped out these BIG cooperations with OUR Tax money, which only made THEM richer, he's borrowed money from foreign countries and has put us on the brink of bankruptcy. They keep proposing Health Plans for the masses, personally, THEY are the ones who should go see a head doctor cos none of them have an ounce of brains between the lot of them!

Kim Said:

Bank help needed. I have many questions on banks and how it all works, can you help?

We Answered:

First you have to look at What are your needs. Are you saving money on a regular basis? Are you needing to pay bills by check. The bank will want to open an account based on : what's your minimum balance will be and what services you need for you money. ( If you will always have $5000 in the bank, there may be no charge for certain services)
To keep it simple:

There are two basic account types.
Savings and Checking

Today you usually get a slightly higher interest rate with savings account (they pay you a little to use your money to loan out to others, that is how banks make money)
Because all accounts nowadays have ATM cards, you can access your money pretty easily with either one.
If you need to pay bills with a check, then you can open a checking account. When you write a check and send it to your phone company they deposit it in their account and a couple days later your bank takes the money out of your account and credits the phone company account. Again, with online banking, you can almost get away with automatically paying your bills from a savings account.

Problems and safety issues. Almost all banks belong to the FDIC program which guarantees your deposit is safe. The gov't has recently increased the amount they will cover. ( $250,000 per account I think) If everyone takes their money out though, there is no way they can actually "guarantee" it, but that is another story. I personally leave only enough money in the bank to take care of my expense for a couple months, but some people would call me paranoid. ( Hey its a free country and that's how I'm operating during these uncertain times)

If you have $1000 you might want to open a savings AND a checking account and put $200 in your checking and $800 in you savings. Then you must not write checks beyond the $200 amount, unless you go to the bank and move some of your savings over into your checking. IF you write a check for $300 and you only have $200 in your account you will quickly find that BIG service charges will be levied against you and the business who you wrote the check to will begin to move to collect the money they could not get out of your bank. Avoid "bouncing " a check at all costs. You must keep track of what checks you write by "balancing your checkbook" If your statement that you got in the mail says you have $100 in your account, but you went to the store that day and wrote a check for $99 you REALLY have $1 . That $99 has not yet been subtracted (debited) from your account.

You will get a statement every month, or online you can look up your account details at anytime. I would go into a bank near you, tell the customer service person that you are needing to know the basics about the accounts they offer, they will have a pamphlet that has 4-5 savings accounts and 2-3 checking accounts. The main difference will be the minimum amount you agree to keep in the bank all the time, and then extra features that they will explain. I think you will find if you let them know you need help, they will answer your questions.

Credit: Loans are given to people with a promise of repayment. If the loan is for a car and you stop paying they will come and get the car. the car ( or house or pony or whatever is called collateral) If you repay your loans you will begin to form a "credit history" . The pattern of paying your loans and bills will give the bank (or any other credit entity) a track record to look at called your credit score. Many people know their "FICO" score which is a number that represents how creditworthy you are. It is based on how much credit vs. debt you have, what your history is of paying back those you owe and other financial information. (an average FICO score is 680-700). If you have no credit history you probably are not going to get anyone to give you credit, especially now that the banks are struggling with a bunch of the credit they gave out already. There are several ways you can start to get credit but there is no fast way to build a history.

Years ago I bought the book "personal finance for dummies" and there is lots of good information in the book about everything from banks/credit/insurance and all the other stuff that you need to know to get by these days.

Hopefully this gets you going on the right path. Best of Luck

Anita Said:

working bank holidays ?

We Answered:

At the moment the minimum statutory holiday entitlement is 4 weeks per year. Some employers count "bank holidays" in this amount. Other employers give the 4 weeks plus the "bank holidays". The new legislation proposed is to give the "bank holidays" as well as the annual leave entitlement.

Grace Said:

I work in a bar/restaurant do i get time and a half for working bank holiday days.?

We Answered:

most places offer double time or time and half but you would really need to check your contract or ask your boss. i dont get extra pay but we do get extra annual leave per year