A foreign transaction fee is charged when you make a purchase in a currency other than the US dollar. You’ll typically incur the fee when you’re outside of the US, but you can also get hit with a foreign transaction fee for an online transaction that’s...
What is the purpose of a bank reconciliation statement? Bank reconciliation statements can help identify accounting errors, discrepancies and fraud. For instance, if the company’s records indicate a payment was collected and deposited, yet thebank statementdoesn’t show such a deposit, there may ...
A NSF fee is charged when a transaction amount exceeds your account balance and your bank rejects the transaction for non-sufficient funds. You can typically find the NSF or insufficient funds notices on transaction receipts and on bank statements. However, if you opt for overdraft protection, yo...
When Box 2 is checked If Box 2 of Form 1098-E is checked, it means that the amount reported in Box 1 doesn't include the loan's origination fees and/or any capitalized interest. Only loans you took out before September 1, 2004, however, should have box 2 checked. An o...
Take these steps if you experience debit card fraud or if your debit card is stolen If the worst happens—you lose your card, it gets stolen, or you notice a fraudulent transaction—you need to know the steps to take. “Lock the card immediately,” Smith says, which you can do by cal...
If you think you might frequently be going into overdraft, consider this plan. For just one low monthly fee, you can protect yourself from overage charges no matter how many times you use it as long as the overdrawn balance is within the overdraft limit. ...
The good news is that larger airports have currency exchanges or branches of refund companies that will give you your money, minus a fee. It may come in local tender or as a charge back on your credit card. While you may have to jump through hoops to qualify for your VAT refund, acre...
It can be somewhat inconvenient, because you need to remember to lift the freeze when you want to apply for credit. That inconvenience pales in comparison to having to unwind fraud or identity theft, though. You may forget whether your credit is frozen. (If that happens, there are simple ...
ATM withdrawals, card replacement, direct deposit, and reloading the card. And you may not be able to buy things in person or online with a cash card. Importantly, prepaid debit cards don't carry the same protections that regular debit cards and credit cards have in the event of fraud.5...
The Bottom Line If the IRS notifies you that your tax return contains an expensive error, your first step is to figure out whether you or your tax preparer made the error. The tax preparer who made a mistake should be willing to help you correct it, and may well pay the penalties you...