What does a sizeable bank account mean? How much is a sizeable amount?

1 Answer

Answer :

There’s probably not a set definition, but what it makes me think of is whether: a) you have enough that you never have to work again, b) you have enough that you can make major purchases for cash, c) you have enough to live on for 3, 6, or 12 months without working, d) you have enough to raise a family [$11,000/kid/year estimated], or e) you can afford to buy liquor and throw parties for all if your friends on a regular basis. Another way to answer is do you have enough to fund the things you want to do/accomplish during your lifetime? Of course, money isn’t the only tool that can make these things happen.

Related questions

Description : If I made a deposit this morning and my account says the money is "pending," can I make purchases greater than the amount in my bank account?

Last Answer : can I make purchases greater than the amount in my bank account? one would imagine not…

Description : Is there a limit on how much money I can deposit in my bank account?

Last Answer : answer:No you would have to give some of it to me. :D Googling resulted in a mention of a $100,000 cap of the FDIC would cover. So, I think @WestRiverrat has it right.

Description : In a/an __________ reactor, there is exchange of heat with the surroundings with sizeable temperature variation. (A) Adiabatic (B) Isothermal (C) Non-adiabatic (D) None of these

Last Answer : (C) Non-adiabatic

Description : Henderson Synthetics' management believes that several of the firm's products could have sizeable markets in other countries. In an attempt to maintain a low level of commitment with minimum effort and ... through A)contracting. B)exporting. C)joint ventures. D)licensing. E)subsidiaries.

Last Answer : B)exporting.

Description : Have you ever made use of the option to withdraw money from your bank account at the supermarket checkout?

Last Answer : Yes. It costs me 50 cents to make a withdrawal of any amount of money in excess of my bill. I have done it a few times for the convenience, but I hate paying a fee.

Description : Can you send money to someone that doesn't have a bank account?

Last Answer : You can send cash per mail.

Description : If you do have a bank account, can you close it so the IRS can't put a levy on it?

Last Answer : Set up a blind trust controlled by someone you can absolutely trust, and move the funds there. You can also use the courts to protect you from a levy that would leave you unable to pay for the basic requirements, like a roof over your head, food, transportation, employment costs, utilities, etc.

Description : How to setup my Paypal account to automatically withdraw money from my bank account?

Last Answer : answer:In Paypal, Go to Profile Once in your profile, on the left side of the screen under My Personal Info click on My Money Once in My Money Bank Accounts should be the first listing you ... never transferred money into my account. I just have a bank account set as my primary form of payment.

Description : Should I get an account at a credit union/bank or just manage my money with an account?

Last Answer : answer:Banks/Credit Unions are safer. Credit unions have great programs that will earn you interest. Here's the problem: The money sitting in a jar under your bed (or wherever) is actually decreasing in ... funds in a savings account at a minimum, but an IRA or some other investment is even better.

Description : Is it difficult to transfer money from a Canada bank account to an American bank account?

Last Answer : No its very easy, you need Receiving bank's account number, routing number, IBAN number, SWIFT code, they bank name and bank address The person you are wiring should be able to call their bank and ... the most of the info is on the check except the SWIFT code, IBAN number and the bank address.

Description : Can I Put Money In paypal Without an bank account/credit?

Last Answer : no it has to be linked to credit card- I think a prepaid card works but when I opened a paypal acount it asks for your bank account info

Description : Can I deposit a rebate prepaid debit card into my bank account or do I have to spend it at a store?

Last Answer : you could spend it on groceries… that way it wouldn’t be something you don’t need.

Description : Which bank should I open an account with?

Last Answer : Just don’t use Bank of America! We’ve had so many problems with them!

Description : If i send money through my bank account in Bank of America can i have a receipt that i can print where i can prove that the other person got the money?

Last Answer : Send money how? Like a wire transfer? The bank will provide you with a receipt of the transaction. If you somehow don’t find a way to print one online. Call them or go to a branch and they can provide it as well.

Description : How does my bank account interest work?

Last Answer : Tthe acronyms are a little different in the UK than the US, but I could make a rough guess and say that you'll be making somewhere around 5% annually (if that's tax free, that seems quite good). For £1000 ... a year or £4.16 a month. That's not an exact answer, but it should be in right ballpark.

Description : Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Last Answer : A person with 10 million dollars probably has a diversified investment portfolio with a variety of risk levels and return levels. As a result, his insurance is that not everything will collapse at the ... 10% above inflation, banks are a very poor choice for someone with lots of money to invest.

Description : Do you know any banks that do not charge monthly fees for not meeting minimum balance requirements for a small business account? Or a recommendation of a good small business bank, period?

Last Answer : Sovereign Bank had Free Business Checking a few years back… I’m not sure if they still do. Have you done a web search for “free business checking”?

Description : If it's not in my PayPal account and not in my bank account...

Last Answer : To transfer money to your bank account they say that it can take a few days. I think it's because they just want to hold on to your money longer! I went ahead and got the pay-pal debit card. I can ... actually give me a little bit of money back. It didn't cost anything so it was worth it to me.

Description : How much money do you keep in your checking account?

Last Answer : answer:We try to keep two weeks salary in our checking account at all times. Currently it is a bit lower because we're moving and having to pay bills for both places, but that's our comfort level. As ... the rest of your question, I can fully admit that I am not the person to be handing out advice!

Description : How much cash do you generally have on you, and why do you have that amount?

Last Answer : usually around £20. if im buying something that costs more than that it would just make sense to pay by card but a few pubs and bars dont accept cards without charging a fee so a round of drinks would ... for me. I couldnt really afford to loose more than that if say i lost my purse or something.

Description : Although I'm no longer employed, I have a 401K account through a former employer. Is there a way for me to continue contributing to that 401K account?

Last Answer : I am not a financial wizard or anything, but I’m pretty sure you can not continue contributing to that account. Have you looked into rolling it over into an IRA and then you can add your contributions to that IRA.

Description : Where can I get a loan without opening an account?

Last Answer : How do you figure on getting a loan without opening an account with the lender?

Description : How do I accept foreign funds into my Paypal account, and then what?

Last Answer : paypal is really easy all the payer needs is your email address. Then you go into paypal and have the money deposited into your bank account. I am assuming you have a paypal account? If not, it’s easy to set up.

Description : What is a mortgage account number?

Last Answer : answer:I guess you can write to pretty near anyone and tell them pretty much anything you want. But if you expect to stay in the house, then you'd better pay off on the mortgage. Mortgages ... or should have received) a notification of the change as a normal part of the mortgage holder's business.

Description : If you had just enough money in your savings account to pay off your house, would you?

Last Answer : It would depend on the interest rate, @chyna, and other things like they type of loan, how much equity I had in the house, amount of mortgage payment, value of the home…

Description : How is a debit card with a checking account different from this >PASS card?

Last Answer : It's like a cross between a checking account and a gift card. With a pre-paid card, your parents deposit money onto the card, and can reload more money as you spend it down. In that way it's ... costs $50, your card will be declined and you will have to find another way to pay for your purchase.

Description : What happens if a post-dated check is accepted and processed to my account before the due date?

Last Answer : I would have thought so. Give them a call and see how it goes.

Description : How do I endorse a check made out to me so that someone else can cash it or deposit it to their account?

Last Answer : Third Party check: Second party signs and then puts “Pay to the Order of” name on back of check? Third party then endorses below and submits to bank. http://www.bankingquestions.com/checkingaccounts/q_3rdpartyckhtml.html

Description : I'm having trouble recieving a direct deposit into my account, what should I do?

Last Answer : I know that generally speaking the first one can take longer than usual as they are getting everything set up. Does your bank acknowledge a pending deposit at all? If not I would go over all of ... has all the correct information as well. How long has this deposit been in the process of happening?

Description : How do I minimize the hit when trying to put euros into my US checking account?

Last Answer : I’m a little confused.. is this ‘hit’ coming in the form of the exchange rate.. a wire transfer fee.. i’m not really sure what in particular you are referring to.

Description : Can a teenager sign up for a PayPal account?

Last Answer : You might not be able to, because PayPal would probably resist issuing one to someone too young to legally enter into a binding contract without parental or guardian support.

Description : Turned down for a free checking account?

Last Answer : Just a guess but a lot of checking accounts come with overdraft protection, which is essentially a line of credit. Even without overdraft protection, a poor credit rating is probably considered an ... to bounce checks. Bounced checks and the associated hassle are costs for the bank as well.

Description : What is the difference between a savings and a money market account?

Last Answer : Vanguard Money Market Funds pay better interest than most savings accounts; plus they offer the convenience of check-writing privileges. Check out vanguard.com for your state; If you are interested in long- ... rates for savings and CDs. Capitalone has a good MM rate if you use their Master Card.

Description : Any advice on setting up your first IRA account?

Last Answer : answer:I don't know a lot about IRAs, but I Will Teach You To Be Rich is a great resource for learning about finances and investments. Just go there and search for Roth IRA and you'll come up with ... 're a good place to check into. They've also got some good basic FAQ on IRAs on their website.

Description : Someone took money out of my account.

Last Answer : answer:i’m assuming your not with a major bank. i’m with US Bank and they have 24 hour service and i’m not liable for any fraud on my account. i have had my debit card stolen and used and didn’t have to pay a thing.

Description : How do you set up a savings account for a child?

Last Answer : Any bank officer will help you. Try to find the best interest rates online as well.

Description : For online payments, is it better to do it through my bank instead of using the payee's online payment system?

Last Answer : I use my bank's ez pay system. It's worked great for me for years. In the past our company ran into a problem with a credit card processing vendor who initiated a BS withdrawal from our bank (we ... them to submit a bill to your bank and the bank will pay the amount submitted if you set that up.

Description : "Loan declared a loss" by bank?

Last Answer : It means the holder of your note has been able to write it off by taking a loss on it as a bad debt, I suggest you get a credit report and then talk to a credit counselor on how to repair your credit now that you can pay it back.

Description : What's a good bank to use?

Last Answer : Wells Fargo lost $50,000 of mine for several days, then wouldn’t admit their mistake, so I changed to U.S. Bank. I am very happy with them.

Description : What would be some good reasons not to bank with Chase?

Last Answer : Did you have any negative experience with them?

Description : Can you help me with our bank mortgage?

Last Answer : answer:If you have an adjustable mortgage, YES. But you should not pay closing fee, title search . . . . again. A fixed mortgage, NO Where is the lawyer from your original closing, your lawyer not theirs ? ? ? Contact the state banking regulator

Description : Someone paid with me a postal money order today (the real thing, US Postal Service). Do I need to go to a post office to cash it? Can I just go to the bank?

Last Answer : Just deposit it in your bank. No need to go to the P.O.

Description : What are good CD rates? What bank should I go to?

Last Answer : You should be able to find a better rate than that. Some savings accounts are .9% now. As you shop for rates I would suggest not locking up the money for more than 2 years because it looks like the economy is starting to move, maybe rates will rise a little.

Description : Could I get some advice regarding mailing a check to my bank?

Last Answer : answer:In the past I've written my own deposit slip when I didn't have one. (In fact, it's the old-fashioned way to do it. Banks at one time did not provide pre-printed deposit ... belt-and-suspenders thing, I'll repeat the account number under that endorsement, before I counter-sign the check.

Description : Which national bank is best?

Last Answer : Wells Fargo is fucking awesome, I have never enjoyed going to the bank so much. Theyre so helpful!!!!!

Description : Is paypal a type of bank?

Last Answer : It’s all electronic. Electronic money, electronic transfers, etc. PayPal probably pays taxes on its profits, rather than on any balance it carries.

Description : Do prepaid bank cards that have direct deposit have a routing number?

Last Answer : answer:Not really, just the card number. Just as a credit card doesn't necessarily have a single account tied to it. There may be a routing number somewhere for the account the card is drawn ... of cards. Edit: to be clear, a routing number typically points to the institution holding the account

Description : Which Bank in America is the best? Bank of America ?

Last Answer : I bank with BOA and I’m not charged monthly. But there are different types of account so I wouldn’t be surprised if some of them have monthly charges.

Description : Is it true Americans do not use bank debit cards in retail and for online banking?

Last Answer : Ummm, I’m in the United States and only use a debit card. It has the Visa logo so it works anywhere that takes Visa but it pulls the money straight from my account.

Description : What happens if I walk away from my mortgage even if I have money in the same bank?

Last Answer : answer:im not too sure how it works where you are, but here in spain they would just take the other assets off you. having said that, we also have laws against selling people loans via questionable methods. this is not legal advice