vania-janet/multiturn-rag-retrieval-data huggingface dataset:
This situation is certainly difficult to handle. While there are good reasons for and against giving or loaning money directly why not handle this in an open and honest way?  Give your friends the link to your question, which shows that you care about their well-being and the friendship. It also shows that you are deeply concerned that the situation might become worse if they are unable to get the finances in order.  If a close friend of mine would be so concerned it would definitely get me starting to think about the situation and possible ways out of it. There will be no single solution to the problems they are facing but having friends that actually care can stabilize such a tricky situation much more than any small financial gain. When a friend of mine was in deep financial trouble he did not hang out with us anymore because we often met in bars or cafés which were at that point just too expensive for him. So simply changing the location to a less expensive place allowed him to participate in social life again and was much better if we would have payed for him and created an atmosphere of social debt.
From his question: In the two years I banked with BoA I never had an overdraft or any negative marks on my account so the only thing that would stick out was a check that I deposited for $26k that my mom left me after she passed. Naturally, people aren't going to like some of my answers, especially this, but imagine you're in an immediate need for cash, and you experience this issue. What can you do? Let's say that rent is on the line and it's $25 for every day that you're late. Other steps to protect yourself Some banks allow you to use a keyword or phrase. If you're careful with how you do this and are clever, it will reduce the risk that someone steals your money."
"Do not use a shared bank account.  One of you can cash/deposit the check in your personal account and then either pay the others in the group cash or write them a check.  You open yourself up to many, many problems sharing a bank account and/or money.  Treat it like a business as far as income goes, but I would not recommend any type of formal business, LLC, partnership, sole proprietorship, etc. For federal taxes, you just keep track of how much ""you"" personally are paid and report that at the end of the year as income, most likely on a 1040EZ 1040SE, along with any other income you have."
File a small claims lawsuit in the city that the person resides. The court will charge you a small fee and give you a date. They will also summons the other person to appear.  Bring all the documentation that shows the following BONUS  - Bring the documentation that shows them saying they will not pay you back I had to sue someone once for a very similar problem. I lent them a 6 month interest free loan. They told me to shove it after 6 months and 1 day. So I sued them.  The court should accept facebook messages as proof. More than likely though your friend wont even show up which means you win by default.  Here's the bad news, that was the easy part. Just because you win in court doesn't mean the money appears the next day. There are a couple ways you may have to recover your money. Best of luck to you!
This will end badly, the only question is how long it will take. Performing bank transfers is not difficult and there is no way a 3rd party would be paying her large sums of money to perform these transfers unless the purpose was illegitimate and they were taking advantage of her.  In my experience it is as simple as entering the target bank account routing and account #, entering the name (this is not double-checked by the bank to associate with the target account), entering a dollar amount and then agreeing to the terms of the transfer--there are not people out there who have a lot of money but would rather pay somebody $2000+ to do 2 minutes of work in an unofficial capacity instead of just doing it themselves unless they are trying to hide something and/or take advantage of a mark.
This is a scam, I'm adding this answer because I was scammed in this fashion. The scammer sent me a check with which I was to deposit.  When the money showed up in my account, I would withdraw the scammer's share, and wire the cash to its destination. However, it takes a couple days for a check to clear.  Banks, however, want you to see that money, so they might give it to you on good faith before the check actually clears. That's how the scam works, you withdraw the fake money the bank has fronted before the check clears.  A couple days later, the check doesn't clear, and you wake up with an account far into the negatives, the scammer long gone.
"Just to go against the grain here. Sometimes, loaning money to friends is the right thing to do. For example, they had a loved one die, and need the money to cover funeral expenses until the life insurance pays out. Here, you may consider it your ethical duty to loan the money (or you may not). It does not make sense from a financial point of view (you are unlikely to charge interest and you are taking all the risk), but sometimes you put your financial prudence aside because ""being a good person and a great friend"" is more important. It is true that the general rule should be not to loan money to friends, and particularly never loan money you cannot afford to lose. But there are exceptions to every rule. I'll note that you may be best off with a plain-english, non-lawyery contract. Make it absolutely as simple as possible. As others have pointed out, specify a repayment date or schedule. Note what happens if they miss the deadline. Specify interest, if appropriate. Get it signed by you and the other person. And make sure you consider what happens if your friend doesn't honour the agreement. For that kind of money, it is also worth considering collateral."
They will pay, that's for sure. It's something common in many countries. Sometimes it is stolen money like Philipp said. Sometimes is money from mafia or terrorist groups that needs to be transferred so they use naive people whose profile wouldn't be suspicious if they get sums of money. They will look your past transactions to determine the amount of money they could transfer to you without alerting someone. Why? Because lets say you are a criminal. If you sell 10 kilos of cocaine, some bombs or girls for prostitution and receive the money lets say one million dollars in just one deposit in one bank account, someone will be knocking at your door very soon, it will be easy to prove the illegal source of the founds and you get nothing. If you have 25 guys working for you and they receive transfers and deposits of less amount frequently, from let's say 150 different accounts belonging to account holders with no criminal record. It is harder to be noticed and you could say they are legal activities (15000 a month received from entrepreneurs or 2500 from a housewife is not too much). It will be harder to prove that all the transactions come from illegal money and by the time it is proven usually the money has already gone somewhere else (by using another network of mules like your friend's). I don't know the laws where you are, but this is illegal in many countries. If you enter they won't let you out of the network, and when something goes wrong you will need to explain a lot.
"You can spend the money quite quickly. The problem is that if there is something wrong with the check, the bank will ask you for the money back. If the check is from a trusted source (a trusted friend, a business with good reputation etc.) that's fine. If the money is from an untrusted source, make sure that having to pay back the money doesn't get you into trouble. Since most people are honest, this is fine for a small amount, but if it's more than you can afford to pay back, don't spend it.  A simple scam is that people send you checks, ""by mistake"" the check is for the wrong amount, say $910 instead of $190, and they ask you to send the difference back. So you put $910 into your account, send them $720, and six weeks later your bank asks for their $910 back. If someone pays you too much on a check and asks you to pay them the difference, you know it is a scam."
In general, you can do whatever you'd like with the money. Many (perhaps most?) banks offer different ways to receive the money, with the two most popular options being direct payment to other debts, or direct deposit into your bank account. If you choose the latter you can do whatever you'd like with that money once you receive it. Even in the case when you have the bank make direct payments to other credit cards I'm guessing they will not care if it's someone else's name on the account, but that could be bank specific. Some tips:
"My personal rule is to not loan money (or co-sign) for any amount that I am not willing to give away.  It can go wrong in so many ways, and having a family or friend involved means making a ""business"" decision is difficult. If a bank won't loan the person the money, why should I?  Being a co-signer is the same as borrowing the money in my name and giving it right over to the borrower. There might be great reasons to do it.  I would probably sign a loan to keep my family alive or healthy, but no other reason.  There are many ways to help without signing a loan.  Give a room and a place to live, loan a car. The other thing is if you really truly believe in the borrower, it won't do long term damage to your credit or your financial goals, and you are the only resort; go ahead.  I am thinking about helping a teenager afford their first car or student loans."
Whichever is most convenient for the two of you, so it will depend on the situation. If you two are close by, cash is probably the best option. Your friend can hand it over to you in a number of ways. If you two are far apart, a cheque would probably be the better option. You don't want cash to get stolen from the mail. If it is international and/or you need it ASAP, something like Western Union would work better. It would cost me ~$80 (USD, not sure what fees are for CAD), but comes with additional protections to prevent fraud. Your friend could deposit the money on one side of the world, and you could pick it up at another side of the world within the hour (assuming cash, other payment methods may take longer). Other considerations:
Not really. A bank will honor a million dollar check if there are funds there to let it clear.
Is it standard for a bank to need the cheque to cancel it? (what about if it was intercepted, surely you can cancel before you're plundered?) Generally it makes life easy for the Bank. They can physically see the cheque and are assured that it has not been cashed.  Bank can put a hold / stop on the cheque. However given today's Banking it is complex with multiple systems and specially with international clearing taking months ... the cheque could have been cashed and the Bank that issued may only get to know about it month later. Is there any way to bypass this? Best is for your friend to correspond in writing. The rejection email from your Bank should also go into the communication. And follow-ups every 15 days all in writing. Generally after tons of follow-up Banks would pay it off.
With SurePay, the recipient has to register in order to receive funds.  They will select where the money is deposited.  If you are both the sender and the receiver, I don't know if the system will get confused or not - If it will work at all though, you'll ultimately need to enter the information for the receiving account. The point of sure pay is to avoid the receiving party needing to give the sender their account information.  The banking system still gets the account information explicitly from both sides. EDIT:  This post also provides relevant and more detailed information: How does Wells Fargo use my phone number to find my Bank of America account?
You are also reducing risk by paying the car loan off first in a few other ways, which is a great way to increase peace of mind. First, since cars decline in value over time, you are minimizing the possibility that you will eventually end up ""under water"" on the loan, where the loan balance is greater than the value of the car. This also gives you more flexibility in terms of being able to sell the car at any point if desired. Additionally, if the car breaks down and must be replaced, you would not need to continue making payments on the old loan, of if your friend loses his job, he would own the car outright and would not need to make payments. Finally, ideally you would only be investing in the market when you intend to leave the money there for 5+ years. Otherwise, you might need to pull money out of the market at a bad time. Remember, annual market returns vary quite a bit, but over 5-10 year periods, they are much more stable. Unfortunately, most people don't keep cars 5-10+ years, so you are likely to need the money back for another car more frequently than this. If you are pulling money out of the market every 5-10 years, you are more likely to need to pull money out at a bad time. 3) Killing off the ""buy now, pay later"" mindset will result in long-term financial benefits. Stop paying interest on things that go down in value. Save up and buy them outright, and invest the extra money into things that generate income/dividends. This is a good long-term habit to have. People also tend to be more prudent when considering the total cost of a purchase rather than just the monthly payment because it ""feels"" like more money when you buy outright. As a gut check for whether this is a good idea, here is an example that Dave Ramsey likes to use: Suppose that your friend did not have the emergency fund, and also did not have the car loan and owned the car outright. In that case, would your friend take out a title loan on the car in order to have an emergency fund?
"It's a scam. The cashier's check will be forged. Craigslist has a warning about it here (item #3). What kind of payment do you think is not fakable? Or at least not   likely to be used in scams? When on craigslist - deal only locally and in person. You can ask to see the person's ID if you're being paid by check When being paid by check, how can seeing his/her ID help? In case the   check isn't cashable, I can find that person by keeping record of   his/her ID?  If you're paid by check, the payers details should be printed on the check. By checking the ID you can verify that the details match (name/address), so you can find the payer later. Of course the ID can be faked too, but there's so much you can do to protect yourself. You'll get better protection (including verified escrow service) by selling on eBay. Is being paid by cash the safest way currently,   although cash can be faked too, but it is the least common thing that   is faked currently? Do you recommend to first deposit the cash into a   bank (so that let the bank verify if the cash is faked), before   delivering the good?  For Craigslist, use cash and meet locally. That rules out most scams as a seller. What payment methods do you think are relatively safe currently?   Then getting checks must be the least favorite way of being paid. Do   you think cash is better than money order or cashier order?  You should only accept cash. If it is a large transaction, you can meet them at your bank, have them get cash, and you receive the cash from the bank. Back to the quoted scam, how will they later manipulate me? Are they interested in   my stuffs on moving sale, or in my money? They will probably ""accidentally"" overpay you and ask for a refund of some portion of the overpayment. In that case you will be out the entire amount that you send back to them and possibly some fees from your bank for cashing a bad check."
What happens when you die? Would your heirs have to keep this account open for years ... decades ... centuries ... on the possibility that someday someone will cash this check? Realistically, there has to be SOME time limit. 6 months should be plenty of time for someone to make it to the bank with a check. If the company still exists then you could argue they have a MORAL obligation to pay you. If they have records that show that they did indeed give you this check and you never cashed it there'd be no question that you were trying to cheat them. But a moral obligation and a legal obligation are two different things. Legally, they paid you, and it's your problem that you failed to cash the check. You could talk to a lawyer, but if you live in the US, I think you are out of luck. (Of course other countries have different laws.)
Is there a point after which they legally unable to charge me? No. If you gave a check, then the bank may bounce it as stale after 6 months, but doesn't have to. With debit/credit transactions, they post as they're processed, and some merchants may not sync their terminals or deposit their manual slips often. As the world becomes more and more connected this becomes extremely rare, but still happens. Technically your promise to pay is a contract which never expires, and they can come after you years later to collect.
"Is there any way for me to get my money bank? It would be a long drawn process. You would have to file a fraud complaint, they should be able to catch the imposter and / or get a freeze on the account you did wire transfer on [even courts would be involved in process] ... could take lot of time and money. Depending on the amount it may or may not be worth it. If so, should I talk to my bank Your Bank will not take any liability. From their point of view, you deposited a check, they sent it get cleared and reversed the transaction moment they realized it was fraud. the ""vendor's"" bank You could talk to Vendor Bank. However as you have no relationship with them, they may or may not co-operate. If its a large institution they may do their own internal investigations. If you act sooner, they maybe able to place a hold on the account. Often this is a parking account and the funds are moved elsewhere. They will not be able to refund the funds unless the legal system / process is involved. bank that the fraudulent check came from Depending on how the check was made ... the Bank can easily claim that someone printed something with their Bank's name on it and they are not responsible for it. If there are large cases, the Bank may to contain reputational damage may lodge a complaint with Police and put out some advertisement."
You can simply deposit the check into your joint account. You should be able do that even without his signature. Then you can transfer the money out of that account and into yours.
"We have a local bank that changed to a bill pay service.  The money is held as ""processing"" when the check is supposed to be cut and shows as cleared on the date the check is supposed to be received.  Because our business checking is with the same bank, we discovered recently that the although the check shows cleared from our account, the recipient has not received the paper check yet - and may not for 2-3 days.  We discovered this because the payroll checks we write this way (to ourselves) never arrive on the due date but clear the business account.  It appears to be a new way for banks to ride the ""float"" and draw interest on the money.  It happens with every check processed through the bill pay system and not with electronic transfers."
If neither of those two things work, he will request that you return the car. Between the time you sign and the moment a lender agrees to purchase your contract the dealer is the lien holder, and has legal rights to repossession, in all 50 states. Not to mention you will sign a contingency contract before leaving that states you are not yet the owner of the car, probably not in so many simple words though, but it will certainly be in there before they let you take a car before the finalizing contract is signed. Now as far as the situation of the OP, you purchased your car for cash, all documents signed, the car is yours, plain and simple. It doesn't matter what state you are in, if he's cashed the check, whatever. The buyer and seller both signed all documents stating a free and clear transaction. Your business is done in the eyes of the law. Most likely the salesman or finance manager who signed paperwork with you, noticed the error and was hoping to recoup the losses from a young novice buyer. Regardless of the situation, it is extremely unprofessional, and clearly shows that this person is very inexperienced and reflects poorly on management as well for not doing a better job of training their employees. When I started out, I found myself in somewhat similar situations, both times I offered to pay the difference of my mistake, or deduct it from my part of the sale. The General Manager didn't take me up on my offer. He just told me we all make mistakes and to just learn from it. Had I been so unprofessional to call the customer and try to renegotiate terms, I would have without a doubt been fired on the spot.
Technically it's an asset - a note you hold and your friend promised to repay you.
Is this a USA bank to a USA bank transaction?  If so, it will clear in one to two business days.  Once cleared, the landlord cannot stop pay it.  He can, however, dishonestly claim it was a fraudulent check and attempt a chargeback. If you want absolute certainty the money will not be recalled, go to the landlord's bank and cash the check as a non-customer.  You will have to pay a small fee, but you will walk out with cash.  I suggest you take a photocopy of the check, and staple your receipt to it as evidence that the check was cashed for any impending legal proceedings.
"The money is not subject to tax because it was deposited. You can deposit money as much as you like, that's not what is triggering the tax. What is triggering the tax is the sale itself, and it has already happened. If your friend is taxed for capital gains under the Spanish tax law - then this money is already taxable, and not paying the tax due is tax evasion. Depositing the money may indeed trigger an investigation that will lead to evasion charges, but it would not be the depositing the money that was against the law. Not depositing the money doesn't mean you will avoid investigation, it just means that the authorities may learn about it in a different way and charge you with additional crimes while at it (money laundering, fraud, whatever). Keeping large amounts of cash brings additional complications and dangers. The more people knowing about it (and they will, as you spend it), the higher chances are for you to ""split"" it with some robber or thief. I suggest talking to a licensed tax accountant in Spain about whether the sale of the flat is taxable in Spain or not. If it is - pay the taxes due and be done with that."
&gt; But this isn't cash though, its credit card.  Which is essentially cash, is it not? If I pay you with a credit card, your bank account gets cash. It gets cash from the credit card company.  And yes, of course you'll have to report the incident. You're a victim of theft. The person whose credit card was stolen is also a victim of theft.  Tell me why you have a *right* to someone else's stolen money.
"You can wire the money to the university. If your friend is a registered student, then they will have an account at the school. Contact the school directly and ask for the ""bursar's office"" (assuming it is an English speaking school). The bursar will tell you how to wire the money so that it reaches the proper account. Normally, you will wire to a general university account at a bank and the memo on the wire will include the student's account number. Your friend can wire money to your account at your bank. Go to your bank and ask them for the procedure. By the way, there is a 90% chance your ""friend"" will not pay you back."