September 2025

BPI savings accounts do accept check deposits, allowing convenient fund transfers via branch or mobile app. Understanding BPI’s Policy on Check Deposits for Savings Accounts BPI (Bank of the Philippine Islands) is one of the largest banks in the Philippines, widely trusted for its comprehensive banking services. Many customers who hold savings accounts often ask […]

The Bureau of Internal Revenue (BIR) can access and review bank accounts during tax investigations to verify compliance and detect tax evasion. Understanding the BIR’s Authority Over Bank Accounts The Bureau of Internal Revenue (BIR) in the Philippines holds significant power when it comes to ensuring taxpayers comply with tax laws. One of the most

Bankruptcy trustees routinely review bank accounts to identify assets, transfers, and ensure full disclosure during bankruptcy proceedings. The Role of a Bankruptcy Trustee in Financial Oversight A bankruptcy trustee acts as a neutral party appointed by the court to oversee the debtor’s financial affairs during bankruptcy. Their primary responsibility is to safeguard creditors’ interests by

Bank of America does not offer traditional second-chance checking accounts but provides alternatives for customers with past banking issues. Understanding Second-Chance Checking Accounts Second-chance checking accounts serve as a financial fresh start for individuals who have faced banking challenges, such as overdrafts or account closures due to negative history. These accounts typically come with fewer

Bank of America checking accounts often require a minimum balance or monthly fee waiver, but options vary by account type. Understanding Bank of America Checking Accounts and Minimum Balances Bank of America offers a variety of checking accounts tailored to different financial needs. One common question among prospective customers is whether these accounts require maintaining

The Australian Taxation Office routinely monitors bank accounts to detect discrepancies and ensure tax compliance. How the ATO Uses Bank Account Data for Tax Compliance The Australian Taxation Office (ATO) has significantly ramped up its data collection and monitoring capabilities over recent years. One of the primary sources of information the ATO leverages is bank

An overdrawn checking account alone does not directly affect your credit score unless it leads to unpaid debts sent to collections. Understanding the Impact of an Overdrawn Checking Account on Credit An overdrawn checking account happens when you spend more money than you have available in your bank account. It’s a common situation that many

A sole proprietorship isn’t legally required to have a business checking account, but it’s highly recommended for clear finances and professionalism. Understanding the Basics of Sole Proprietorship Banking A sole proprietorship is the simplest form of business ownership. It’s run by one person who controls all operations and assumes all liabilities. Since the business and

A joint checking account itself does not directly impact credit scores, but account activity can influence credit indirectly. Understanding the Basics of Joint Checking Accounts and Credit A joint checking account is a bank account shared by two or more people, typically spouses, partners, or family members. It allows all holders equal access to the

Checking accounts typically pay little to no interest, but some specialized accounts offer modest rates depending on the bank and balance. Understanding the Basics of Checking Accounts Checking accounts are the backbone of everyday banking. They serve as a convenient way to manage your money, pay bills, and make purchases without carrying cash. Unlike savings