Your Questions About Business Online Banking

Jere answers:

It usually takes 3 days, but sometimes it can take up to 5 days or as few as a few hours. Maybe you can fax a receipt proving that you made a payment so the company can still give you that deal.

Jere answers:

That depends when the ship date was supposed to be. Express shipping only takes a couple of days once it is received by the post office. If the computer company has to build them custom first and are back ordered, it may take awhile before they are ready to ship. Since it’s been 6 weeks, you should contact them to find out the status. Has the payment cleared your bank?

Jere answers:

You must hold licenses. Financial services falls under the FSA regs in UK and the SEC in the USA. Each country has its own regulatory body. You cannot offer financial advice and or financial services without a licenses. You cannot own and operate an online bank without having a banking license and having a physical account at a correspondent bank and being part of a correspondent banking system. Further, those who have tried to skirt around licensing are all now in prison.

There are many popular digital currency sites which were not licensed and all of their owners are being indicted. E-gold is just one of them. But take eGold for instance, which is a digital currency and is a system which allows the instant transfer of gold ownership between users. E-gold Ltd. Is incorporated in Nevis, Lesser Antilles. On 27 April 2007, a federal grand jury in Washington, D.C. Indicted e?Gold Ltd and its owners on charges of money laundering, conspiracy, and operating an unlicensed money transmitting business.

Any business that transacts even part of its business in United States Dollars can be prosecuted by the feds no matter where the business is located. All USD falls under the watchful eye of the U.S. Treasury Department.

Jere answers:

You cannot open a bank account without appearing personally and without a legitimate home or business address in the particular area where the bank is situated. Also, you must have an existing and active account with that particular bank before you can access it’s online services.

Jere answers:

You’ll get more useful and informative reports if you create specific accounts as you suggested as an option. Instead of ‘Meals with Clients’, I’d go with ‘Meals and Entertainment’. Yeah, I know, it’s a small thing, but actually you can put a lot of stuff into such an account. Meals, golf or other sports events, etc. – it just creates a little more room to move, so to speak. I guess what I mean is that you don’t want your ‘specific’ accounts to be TOO specific, otherwise you’ll end up with a huge list of expense accounts.