Bank Account – Left Bank http://left-bank.org/ Tue, 20 Sep 2022 06:00:58 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://left-bank.org/wp-content/uploads/2021/07/icon-2-150x150.png Bank Account – Left Bank http://left-bank.org/ 32 32 From today old age pension can be applied with “Macau One Account” https://left-bank.org/from-today-old-age-pension-can-be-applied-with-macau-one-account/ Tue, 20 Sep 2022 05:37:00 +0000 https://left-bank.org/from-today-old-age-pension-can-be-applied-with-macau-one-account/ MACAO, September 20 – Starting today, eligible seniors can submit their old-age pension claims without leaving home, on the “Macau One Account” mobile app or website. The system will automatically calculate the amount of old-age pension the applicant can receive based on his actual situation and display the basic information of the applicant. Applicants only […]]]>

MACAO, September 20 – Starting today, eligible seniors can submit their old-age pension claims without leaving home, on the “Macau One Account” mobile app or website. The system will automatically calculate the amount of old-age pension the applicant can receive based on his actual situation and display the basic information of the applicant. Applicants only need to provide their bank details and perform facial recognition to complete the application process. The steps are simple and it is not necessary to go in person to a service point throughout the process.

Whether they are over 65, over 60 but under 65, Social Security beneficiaries affiliated before January 1, 2011 (old system) or after the date (new system), from that the beneficiary fulfills the conditions to make contributions for at least 60 months and having his habitual residence in Macao for at least seven years, he can apply for an old-age pension without leaving his home, by connecting to the mobile application or the website Internet “Macau One Account”.

After entering the old-age pension application page of “Macau One Account”, the system will display information such as the amount of old-age pension the applicant can receive, the accumulated contribution months and the age percentage. of pre-retirement. old-age pension, if applicable, depending on the actual situation of the applicant. After confirming the information, he/she will enter the app information page. The system will automatically display basic information such as applicant name and beneficiary number. The applicant only needs to select the receiving bank and fill in the personal bank account number of the MOP. If necessary, the applicant can also change their address on the records of the Social Security Fund and then upload the bank information photo showing the bank name, account name, account number and currency. After verifying that all information in the request is correct and after following the prompts to complete facial recognition, the request can be submitted successfully. The operation steps are very simple. The steps for the web version are the same, but the applicant must use a mobile device with facial recognition capability, such as a cellphone, to assist with the facial recognition step. Once the application is completed, the beneficiary can check the status of their application at any time by logging into “Macau One Account”.

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QIIB Launches Western Union International Money Transfer Services to Bank Accounts https://left-bank.org/qiib-launches-western-union-international-money-transfer-services-to-bank-accounts/ Sun, 18 Sep 2022 05:42:00 +0000 https://left-bank.org/qiib-launches-western-union-international-money-transfer-services-to-bank-accounts/ Doha: QIIB announced the launch of international money transfers to bank accounts using Western Union services via QIIB Mobile and Internet Banking. The Service allows the transfer of funds from the Client’s Account with QIIB to the Beneficiary’s Account, via a simple and easy process. Western Union is a global leader in cross-border, cross-currency money […]]]>

Doha: QIIB announced the launch of international money transfers to bank accounts using Western Union services via QIIB Mobile and Internet Banking. The Service allows the transfer of funds from the Client’s Account with QIIB to the Beneficiary’s Account, via a simple and easy process. Western Union is a global leader in cross-border, cross-currency money movement and payments.

This service was launched following the acceleration of the QIIB’s digital transformation journey, which has made significant progress as it now covers a large number of QIIB’s products and services, including a number of financing products. . Yesterday’s announcement means customers can send money transfers to bank accounts in more than 130 countries across Western Union’s global network. They can also continue to choose to collect their cash transfers from Western Union retail locations in more than 200 countries and territories.

The new international money transfer service is user-friendly. The Customer only has to connect to QIIB Mobile or Internet Banking, select Western Union, Transfer to a beneficiary’s account, complete the required information and validate.

Commenting on the launch of the service, Omar Abdelaziz Al Meer (pictured), Head of Business Development and Alternative Channels at QIIB, said, “Our goal is to provide best-in-class services to our valued customers. With this in mind, we launched the direct payout service to a beneficiary’s bank account in partnership with Western Union, to simplify the payout process for customers and provide them with a flexible option to make payments 24 hours a day, without the need to visit a QIIB branch or any remittance office”.

He added, “We are delighted to partner with Western Union, a global payments provider. Our collaboration began several years ago and we are happy to deepen it further through this new service which will undoubtedly enrich our experience and our partnership. This is another step in the digital transformation journey in which we have made great strides. We are continuously working to enrich the banking experience offered to our valued customers while adapting to the ever-changing market”.

Finally, he hopes the new service will gain customer satisfaction and be seen as a valuable addition to the ever-evolving suite of products and services offered by QIIB.

“We are delighted to announce that we are expanding our international digital money transfer services with QIIB today,” said Hatem Sleiman, Head of Middle East, Pakistan and Afghanistan at Western Union.

“Qatar has made significant progress in digitally transforming the way consumers can manage their everyday financial needs. A large proportion of them are expatriates, making the country a major hub for the movement of money in the Middle East. This is reflected in the numbers. According to World Bank data, Qatar is among the top 20 outbound remittance markets in the world. As customer preferences evolve, it is imperative that we remain nimble to their needs. This makes our partnership with QIIB, and announcements like this, even more critical – so customers can choose how to move money across borders easily, securely, reliably and quickly,” concluded Suleiman.

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I keep my savings account balance as low as possible. here’s why https://left-bank.org/i-keep-my-savings-account-balance-as-low-as-possible-heres-why/ Fri, 16 Sep 2022 13:00:32 +0000 https://left-bank.org/i-keep-my-savings-account-balance-as-low-as-possible-heres-why/ Image source: Getty Images Keeping too much in savings could mean missing opportunities to do better things with the money. Key points Having a savings account is important, but I don’t want to put too much money into it. There is a downside to having too large a balance in a savings account. My investment […]]]>

Image source: Getty Images

Keeping too much in savings could mean missing opportunities to do better things with the money.


Key points

  • Having a savings account is important, but I don’t want to put too much money into it.
  • There is a downside to having too large a balance in a savings account.
  • My investment account is a better place to keep money because it will lose value due to inflation if I save it.

Like many people, I have an open savings account and regularly transfer money into it. But while I think it’s important to have money in savings to prepare for my emergencies and to save for big expenses, I actually keep my account balance as low as possible.

There’s a very good reason why I don’t like having too much money in savings. Here’s why I’m keeping my savings account balance lower than expected.

Why I keep my savings account balance to a minimum

Although I know that having money in savings is essential, I keep my account balance to a minimum for one simple reason: interest rates on savings accounts are very low. Even with a high yield savings account, it’s really hard to find rates well above 2.00%.

Since you don’t receive much interest on your savings money, the best-case scenario is that you break even after inflation and your money doesn’t lose ground. If inflation is around 2% per year (which the U.S. Central Bank considers an ideal inflation rate), then the price of goods and services increases at about the same rate as the best account. high yield savings. This means that even if I don’t really make any money, the money I have in savings can still buy the same amount when I withdraw it as when I put it in.

Right now, however, inflation is well over 2%, which means savings money is seeing its value eroded. Although it is safe in the account, by the time I withdraw it, the purchasing power of my money will have dropped and I will not be able to get as much out of it.

And even though inflation will stop rising at some point (hopefully), interest rates on high-yield savings accounts should come down at that time. So even when prices stop rising that much, there’s a good chance the rate my bank is paying will drop and I’ll still end up losing ground or barely staying above water.

Now, that doesn’t mean I don’t keep money in savings. I want to have cash accessible in case of emergency and I keep money in savings if I will use it in the next few years.

It’s because I can’t lose the funds in my high yield savings account, so I won’t have to worry about whether I’ll have less than I put in when I go to withdraw the money. ‘silver. I also won’t have to worry about my investments being temporarily down by the time I have to withdraw the money, forcing me to choose between selling and locking in losses and waiting to make a purchase.

So I keep the minimum I need for my emergency savings and short term goals in my savings account and nothing else.

As for the rest of my money, anything I save for the future goes into a brokerage account. There it can be invested in other things – like ETFs – which are much more likely to provide returns above the annual inflation rate.

Although there are risks to investing in the stock market, I’m still convinced that it’s a better place for most of my money that I won’t need soon. Indeed, investing in stocks over time is one of the best ways to build wealth. So I keep what I need in savings and invest the rest because it will best help me achieve my goal of building a financially secure future.

These savings accounts are FDIC insured and could earn you up to 19x your bank

Many people miss out on guaranteed returns because their money languishes in a big bank savings account earning almost no interest. Our choices of best online savings accounts can earn you more than 19 times the national average savings account rate. Click here to check out the top picks that landed a spot on our list of the best savings accounts for 2022.

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First Direct 1st Account Review – Forbes Advisor UK https://left-bank.org/first-direct-1st-account-review-forbes-advisor-uk/ Wed, 14 Sep 2022 20:08:59 +0000 https://left-bank.org/first-direct-1st-account-review-forbes-advisor-uk/ Time to open a new checking account? Among the many benefits of First Direct’s 1st account are a £175 cash conversion bonus, £250 interest-free overdraft and proven excellent customer service. Representative example The representative APR example gives you an estimate of how much it might cost if you borrowed a certain amount of money. This […]]]>

Time to open a new checking account? Among the many benefits of First Direct’s 1st account are a £175 cash conversion bonus, £250 interest-free overdraft and proven excellent customer service.

Representative example

The representative APR example gives you an estimate of how much it might cost if you borrowed a certain amount of money. This helps you compare products and provides a guide to the cost of carrying a sale. Your personal offer may vary from the representative APR example.

If you use an arranged overdraft of £1,200, you will be charged the equivalent annual rate of 0% on the first £250, then 39.9% (variable). Representative APR 30.5% (variable).

Advantages

  • £175 welcome bonus for a full switch or £20 to open an account
  • Linked regular saver account paying 3.50% AER
  • Arranged overdraft of £250 interest free

The inconvenients

  • Cash welcome bonus only for new customers*
  • Overdraft without interest under conditions
  • No cashback, perks or discounts

Incentive to change

£175 for full change OR £20 to open 1st account

Discovered

£250 interest free (subject to status)

Contents

Show more
Show less

Main characteristics

  • £175 cash back when you transfer your account to First Direct
  • OR £20 if you open an account without making the full switch
  • Access to linked regular savings account paying 3.50% AER
  • Interest free overdraft of £250 (subject to status) then arranged overdrafts are charged at 39.9%.

Will I be eligible?

To qualify for a First Direct 1st account, you must be over 18, a UK resident and not have been declared bankrupt or registered for an Individual Voluntary Arrangement (IVA) in the last six years . You will need a contact phone number and email address.

To qualify for the £175 cash offer you must open a 1st account, transfer your everyday banking to First Direct using the everyday account switching service and pay at least £1,000 within three months of account opening. The £175 in cash will be paid within 28 days.

The £175 switch offer is limited to one payment per customer or joint account.

To qualify for the £20 cash offer, you must open a first account and log into the First Direct app/online banking within three months of opening the account. The money will then be paid out within four months of opening the account.

*In either case, to get the money you must not have held a First Direct account before, and you cannot have opened an HSBC current account since January 1, 2019.

What more do I need to know?

If you have a First Direct 1st Account, you can also open a First Direct Regular Saver paying 3.50% AER.

You can save between £25 and £300 for a fixed term of 12 months on this account. If you save £300 per month for 12 months, you will earn around £68.25 in interest.

Interest-free £250 overdraft makes 1st Account a cheaper overdraft option than other banks. After that, arranged overdrafts are charged at 39.9%, giving a representative rate of 30.5% variable APR (assuming an arranged overdraft of £1,200).

First Direct’s switch offers are subject to status and may be withdrawn at any time.

The internet bank, part of HSBC, is renowned for its excellent customer service.

Is the 1st First Direct account for me?

The combination of the £175 to upgrade to First Direct and the best customer service makes the First Direct First Account a good bet for a checking account.

You can get £20 for just opening an account without having to switch your old account.

There is no monthly fee to run the 1st Account either.

What are my alternatives?

Bank customers can choose between tempting incentives for change at the moment.

Santander’s 1|2|3 checking account also pays out £175 to shoppers, plus up to 3% cash back on household bills and 1% interest on credit balances. The account costs £4 per month.

A cheaper option is the Santander 1 | 2 | 3 Lite which costs £2 per month. This offers the same £175 cash back and incentive rates as the 1|2|3 account, but pays no interest income. You are also required to have paperless statements.

Nationwide is offering Switchers £100 or £125. Its FlexDirect current account pays 1.5% credit interest on balances up to £1,500.

Alternatively, Virgin Money’s M Plus account offers 25% cashback for two months on supermarket and fuel spending (up to £160).

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ED unblocks WazirX bank accounts https://left-bank.org/ed-unblocks-wazirx-bank-accounts/ Tue, 13 Sep 2022 04:51:00 +0000 https://left-bank.org/ed-unblocks-wazirx-bank-accounts/ Cryptocurrency exchange WazirX said in a blog post on Monday that the Enforcement Branch had unfrozen its bank accounts. The federal agency charged with investigating money laundering claimed in August that it raided one of the directors of Zanmai Lab Pvt Ltd, which operates WazirX. The ED was reviewing 16 fintech companies and quick loan […]]]>

Cryptocurrency exchange WazirX said in a blog post on Monday that the Enforcement Branch had unfrozen its bank accounts.

The federal agency charged with investigating money laundering claimed in August that it raided one of the directors of Zanmai Lab Pvt Ltd, which operates WazirX.

The ED was reviewing 16 fintech companies and quick loan apps when it hit this milestone. For allegedly laundering more than Rs 1,000 crore from firms accused in the fast loan apps case, the agency is looking at at least ten cryptocurrency exchanges.

According to the company’s blog post, “WazirX found that the majority of people whose information was sought by ED were already identified by WazirX internally as questionable and were blocked in 2020-2021.”

The ED said in its August report that the exchange had “actively” helped around 16 fintech companies under investigation for suspected money laundering to transfer their illicit earnings through the use of crypto. -currencies.

Separately, in June last year, the ED asked WazirX to provide an explanation for cryptocurrency transactions totaling Rs 2,790.74 crore which it claimed violated the Foreign Exchange Management Act. (FEMA).


For comments and suggestions, email us at Editorial@iifl.com

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Oxford woman stole millions from Mississippi state sorority https://left-bank.org/oxford-woman-stole-millions-from-mississippi-state-sorority/ Thu, 08 Sep 2022 21:40:50 +0000 https://left-bank.org/oxford-woman-stole-millions-from-mississippi-state-sorority/ An Oxford woman stole $2.9 million from a Mississippi State University sorority, according to court records for the Northern District of Mississippi. The U.S. Attorney’s Office for the Northern District convicts Betty Jane Cadle, 75, of diverting money from the Delta Omega Chapter House Corporation for the Kappa Delta Sorority to her personal bank accounts […]]]>

An Oxford woman stole $2.9 million from a Mississippi State University sorority, according to court records for the Northern District of Mississippi.

The U.S. Attorney’s Office for the Northern District convicts Betty Jane Cadle, 75, of diverting money from the Delta Omega Chapter House Corporation for the Kappa Delta Sorority to her personal bank accounts and business between 2012 and September 2019.

Although court records say she received the millions as part of a ‘scheme’, she is only at risk of being convicted on one count of wire fraud.

Cadle pleaded guilty in March to writing a check for $20,000 from the sorority’s bank account and depositing it into an account for his business in January 2018, court documents show.

Between 2018 and 2019, Cadle deposited five more checks totaling around $111,500 to his business, Oxford Belles and Beaus children’s clothing store, according to court documents. As part of its plea deal, the federal government agreed to dismiss all five of those counts of wire fraud, according to court documents.

Court records do not specify where the rest of the money allegedly taken from the sorority went.

The sorority’s bylaws state that all expenditures from the sorority society’s bank account require the prior approval of the board consisting of a president, treasurer, secretary, and student representative, according to court documents.

As treasurer, Cadle was responsible for managing sorority dues, purchasing items for the sorority house, paying utility bills, filing tax documents, and general accounting, according to court records.

She could face a maximum of 20 years in prison, a $250,000 fine, three years of probation and a special assessment of $100. The court can also order restitution, according to court records.

Cadle’s sentencing is scheduled for 11 a.m. Sept. 16 at the Oxford Federal Courthouse with U.S. District Court Judge Glen Davidson.

Cadle’s attorney could not be reached for comment when contacted by Mississippi Today. A spokesperson for Kappa Delta’s national organization was not immediately available for comment.

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Pinewood partners Vyne – ThePaypers https://left-bank.org/pinewood-partners-vyne-thepaypers/ Mon, 05 Sep 2022 13:30:43 +0000 https://left-bank.org/pinewood-partners-vyne-thepaypers/ Account-to-account payment platform vine has partnered with global automotive dealership management solution provider Pinewood to provide Open Banking payments. Vyne is now integrated with Pinewood DMS, providing dealerships with instant payments added to their digital omnichannel offering. According to the Managing Director of Pinewood Technologies, “car buyers are increasingly looking for the omnichannel option when […]]]>

Account-to-account payment platform vine has partnered with global automotive dealership management solution provider Pinewood to provide Open Banking payments.

Vyne is now integrated with Pinewood DMS, providing dealerships with instant payments added to their digital omnichannel offering. According to the Managing Director of Pinewood Technologies, “car buyers are increasingly looking for the omnichannel option when shopping for a new vehicle. We recognize the importance of providing an inexpensive, simple and secure solution to dealers and this includes our payment offering. Vyne’s Open Banking software takes the hassle out of sharing bank details or personal data, and the latest integration with Pinewood DMS means dealers can be confident when requesting payments for vehicle sales and repair work. maintenance, thus improving our digital offer”.

Integration between Vyne and Pinewood would have eliminated the need for manual bank transfers by leveraging Open Banking technology. Although a common form of payment in the UK automotive industry, manual bank transfers can provide a poor user experience prone to manual error, especially compared to account-to-account payments, which can be securely completed in as little as three clicks on a consumer’s account. smartphone, the official press release states.

Plus, because account-to-account payments are settled in real time, Pinewood’s integration with Vyne allows customers to deposit and drive their vehicle the same day. For consumers, it improves the new-vehicle buying experience and for dealers, it increases conversion rates.

Pendragon is a UK-based automotive retailer, believed to serve hundreds of thousands of online and dealership customers each year. Pendragon brands can now bypass card networks and their associated fees by offering Vyne’s payment solution, which reduces costs and accelerates cash flow with instant settlement. Vyne’s technology aims to cut out the middleman, while improving the consumer experience.

Vyne wants to provide faster, easier and more cost effective payments. By integrating Vyne into Pinewood DMS, automotive dealerships will be able to offer Vyne’s complete account-to-account payment solution to all customers, initially through in-store payment transactions and in the future through their websites. Vyne integration with Pinewood DMS is now available to all Pinewood customers.

About Vine

Vyne uses Open Banking to power account-to-account payments for online businesses. Customers transfer money in real time by paying directly from their bank account and payments are made in seconds, bypassing traditional methods. Vyne Technologies is authorized and regulated by the Financial Conduct Authority (FCA) as an Authorized Payment Institution.

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State Police Remind Residents to Beware of Cryptocurrency Scams https://left-bank.org/state-police-remind-residents-to-beware-of-cryptocurrency-scams/ Sat, 03 Sep 2022 05:11:34 +0000 https://left-bank.org/state-police-remind-residents-to-beware-of-cryptocurrency-scams/ September 2 – Connecticut State Police remind residents to beware of scams involving cryptocurrency. The warning dates back to June of this year when the Connecticut State Police’s Mansfield Resident Soldier’s Office received a complaint about a possible cryptocurrency scam. The victim deposited $10,000 into a Bitcoin ATM after being tricked into believing his bank […]]]>

September 2 – Connecticut State Police remind residents to beware of scams involving cryptocurrency.

The warning dates back to June of this year when the Connecticut State Police’s Mansfield Resident Soldier’s Office received a complaint about a possible cryptocurrency scam. The victim deposited $10,000 into a Bitcoin ATM after being tricked into believing his bank account had been hacked.

Detectives from the statewide Organized Crime Investigative Task Force were able to trace the flow of funds through a series of Bitcoin accounts that the scammer attempted to use to launder the stolen Bitcoin.

Ultimately, the victim’s Bitcoin was held in an account controlled by the suspect at a major cryptocurrency exchange located in the Cayman Islands.

With the cooperation of the cryptocurrency exchange, detectives were able to repatriate the funds to a government-controlled Bitcoin account, where they are being held pending legal proceedings for restitution to the victim.

The suspect currently resides in India and no arrests are expected at this time.

Connecticut State Police say scams involving cryptocurrency are on the rise and becoming more sophisticated.

According to the Connecticut State Police, the most common cryptocurrency scams often start with a weird text message, email, or phone call. Scammers often lure victims to cryptocurrency ATMs or online investment sites or exchanges where it is relatively easy to convert US dollars into cryptocurrencies like Bitcoin, Ethereum, and Solana.

Connecticut State Police say that in a cryptocurrency scam, a victim is often tricked into believing that their bank account or investments are under attack. The victim is then asked to convert these assets into cryptocurrency and send them to a secure account controlled by the scammer.

Scammers may also tempt victims with a get-rich-quick scheme, tricking them into investing in a new cryptocurrency coin, which is ultimately a bogus investment.

The Connecticut State Police have offered red flags to look for to determine cryptocurrency scams. One of them is that no legitimate bank, company or government agency will order a person to withdraw money from their bank account.

Another red flag is if a third party sends a

CAUTION, Page 4

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Why the IRS is after an 82-year-old grandmother whose family fled the Nazis https://left-bank.org/why-the-irs-is-after-an-82-year-old-grandmother-whose-family-fled-the-nazis/ Thu, 01 Sep 2022 13:03:00 +0000 https://left-bank.org/why-the-irs-is-after-an-82-year-old-grandmother-whose-family-fled-the-nazis/ The Internal Revenue Service is demanding that an 82-year-old grandmother whose family fled Nazi Germany in the 1930s pay more than $2 million in fines for failing to report the death in time. her father’s endowment at the agency. Boston-area resident Monica Toth is now asks the Supreme Court of the United States to prevent […]]]>

The Internal Revenue Service is demanding that an 82-year-old grandmother whose family fled Nazi Germany in the 1930s pay more than $2 million in fines for failing to report the death in time. her father’s endowment at the agency.

Boston-area resident Monica Toth is now asks the Supreme Court of the United States to prevent the government from collecting the money, which she says would violate the Eighth Amendment which protects citizens from excessive fines.

Toth’s father fled Jewish persecution in Nazi Germany in the mid-1930s and moved to Argentina, according to the Reason news site.

Toth moved from her hometown of Buenos Aires to the United States at the age of 22, working as a housewife. In 1980, Toth became a naturalized American citizen while her parents remained in Argentina.

Her father, a successful businessman, died in 1999. Shortly before his death, he opened a Swiss bank account in his name and donated around $4.2 million to her.

Toth’s family fled Nazi Germany in the 1930s and settled in Argentina.
institute for justice

Toth’s father, traumatized by the family’s experience in Germany, placed the funds in a Swiss bank account in case his daughter needed to flee persecution again at the hands of her own government.

By law, any U.S. national or permanent resident with a foreign bank account that holds more than $10,000 must complete a one-page form known as the Foreign Bank and Financial Accounts Report (FBAR) and submit it to the IRS each year.

Toth, who was apparently unaware of the requirement, retroactively filed five years of reports in 2010, according to the Institute for Justicea libertarian-leaning non-profit organization whose goal is “to end the widespread abuse of governmental power”.

Toth says his father, a successful Buenos Aires businessman who died in 1999, left him millions in a Swiss bank account.
Toth says his father, a successful Buenos Aires businessman who died in 1999, left him millions in a Swiss bank account.
institute for justice

The IRS audited Toth, who promptly paid a modest amount of back taxes totaling just under $40,000. That seemed to settle the issue. Or at least that’s what Toth thought.

According to his lawyers, the government determined that Toth’s failure to file his reports on time constituted a “reckless” and “deliberate” violation of the Bank Secrecy Act of 1970 – requiring him to pay a maximum civil penalty of more than of $2 million, or 50% of the value of Toth’s bank account.

Now, Toth is suing the federal government, claiming his $2.1 million demand for payment is excessive and violates the Constitution’s Eighth Amendment.

Toth retroactively filed documents declaring the existence of the Swiss bank account.
Toth retroactively filed documents declaring the existence of the Swiss bank account.
institute for justice

But two lower federal courts have already sided with the government’s explanation that the required payment was not a “fine” but a “penalty” and therefore not protected by the Eighth Amendment.

“Across the country, Americans are suffering from excessive fines,” said Toth’s attorney, Brian Morris.

“The Eighth Amendment is their protection. But if the government can evade judicial review of ruinous fines through clever wording, nothing will be beyond its reach.

An IRS spokesperson told the Post that the agency does not comment on ongoing litigation.

An IRS spokesperson told the Post that the agency does not comment on ongoing litigation.
An IRS spokesperson told the Post that the agency does not comment on ongoing litigation.
Bloomberg via Getty Images

The IRS is expected to receive an additional $80 billion in government funding to bolster staffing and tax collection.

The cash injection is a key part of the Cut Inflation Act, which was passed by the Democratic-led Legislature and signed into law by President Biden.

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SBI WhatsApp Service Launch: How to Sign Up, Check Bank Account Balance and More Benefits https://left-bank.org/sbi-whatsapp-service-launch-how-to-sign-up-check-bank-account-balance-and-more-benefits/ Mon, 29 Aug 2022 05:31:25 +0000 https://left-bank.org/sbi-whatsapp-service-launch-how-to-sign-up-check-bank-account-balance-and-more-benefits/ SBI WhatsApp banking service allows users to check account balance and mini statement through a WhatsApp chatbot. Here is the step-by-step guide to sign up for the service. STRONG POINTS SBI launched the WhatsApp banking service. SBI WhatsApp banking service allows users to check account balance and mini statement through the messaging app. SBI customers […]]]>

SBI WhatsApp banking service allows users to check account balance and mini statement through a WhatsApp chatbot. Here is the step-by-step guide to sign up for the service.

STRONG POINTS

  • SBI launched the WhatsApp banking service.
  • SBI WhatsApp banking service allows users to check account balance and mini statement through the messaging app.
  • SBI customers must register for WhatsApp Banking service from their registered mobile number.

State Bank of India (SBI) recently launched WhatsApp banking service for its customers. SBI WhatsApp banking services can be used to check account balance and mini statement. In the mini-statement, the bank will provide information on the last 5 transactions.

SBI also revealed that account holders can now get the information at once without logging into the Yono app or going to the ATM for the mini statement. So, if you also have an account in SBI and want to use the new SBI WhatsApp banking feature, you must first register your SBI account for WhatsApp service and give your consent via SMS. Here’s how you can do it.

How to register for SBI WhatsApp Banking service

Step 1: Send an SMS — “WAREG A/c No to 917208933148” — from your mobile number registered with the bank.

2nd step: Once registered, text “Hi” to +919022690226.

Step 3: Or you can also reply to the message you received on WhatsApp saying “Dear Customer, you are successfully registered for SBI WhatsApp Banking services”.

Step 4: The WhatsApp bot will send you a few options to choose from. Select one of the options below:

1. Account balance

2. Mini statement

3. Unsubscribe from WhatsApp Banking

Step 5: Or you can also type and send your query.

Step 6: The SBI WhatsApp bot will show your account balance or a mini statement as per your query.

Notably, you can also unsubscribe from SBI WhatsApp Banking by simply selecting option 3, from the choices offered in the chat.

— ENDS —

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