Direct deposits – Direct Vanqex Tue, 22 Nov 2022 04:24:14 +0000 en-US hourly 1 Direct deposits – Direct Vanqex 32 32 Central bank reserve assets down in third quarter following foreign exchange intervention Tue, 22 Nov 2022 04:05:00 +0000

Taipei, Nov 22 (CNA) Reserve assets held by the central bank of Taiwan at the end of the third quarter fell from the previous quarter due to the bank’s intervention in the foreign exchange market to limit the depreciation of the Taiwan dollar.

The bank’s reserve assets at the end of September were down $4.12 billion from the previous quarter after rising $3.82 billion in the second quarter, according to data released by the central bank on Monday.

It was the biggest decline over a three-month period since the third quarter of 2007, when central bank reserve assets plunged $7.73 billion from the previous quarter due to the start of the the subprime mortgage crisis in the United States.

According to the central bank, its reserve assets consist mainly of monetary gold ($4.86 billion at the end of September) and foreign exchange reserves ($541.11 billion), which include currency and deposits, securities , financial derivatives and other receivables.

During the July-September period, the central bank aggressively sold US dollars to buy Taiwan dollars, reducing its greenback reserves.

The bank did so to limit the impact on the local currency of an exodus of funds by foreign institutional investors, who were dumping local stocks and shifting their money into US dollar-denominated assets as the US Federal Reserve raise interest rates to fight inflation.

In the first nine months of 2022, central bank reserve assets fell by US$50 million from the end of 2021, central bank figures show.

Defending the rare drop in reserve assets, the central bank said other economies in the region were facing the same phenomenon.

Japan’s reserve assets fell by $12.2 billion and South Korea’s by $28.5 billion in the first nine months, while Singapore reported an $88 billion drop in holdings reserve in the first two quarters of 2022, the central bank said.

The central bank did not forecast whether further cuts in reserve assets were in sight, saying only that it would continue to monitor how the Fed manages interest rates and whether markets would be affected and would do its best. to maintain stability in the local foreign exchange market.

In the third quarter, Taiwan continued to record a net outflow of funds of $23.85 billion in its financial account, which measures the flow of direct investment and portfolio investment, marking the 49th consecutive quarter of net outflow. funds, the central bank said.

The net outflow of funds was mainly due to portfolio investment showing a net increase in assets of US$26.96 billion, with a net increase of US$7.75 billion in portfolio investment by residents abroad, the local private sector having increased its holdings of foreign debt securities, the central bank said.

On the other hand, portfolio investment by non-residents saw a net decline of $19.40 billion in the third quarter as foreign institutional investors reduced their holdings of Taiwanese stocks, the central bank said.

Responding to concerns that investors will continue to move funds out of the country into U.S. dollar-denominated assets, the central bank said net outflows from the financial account were common in countries like Taiwan that have long-term current account surpluses.

The same trend is seen in Japan, Singapore, South Korea and Germany, all of which recorded long-term current account surpluses, the central bank said.

In the third quarter, Taiwan’s current account, which mainly measures a country’s exports and imports of goods and services, recorded a surplus of $20.71 billion, the central bank said.

(By Pan Tzu-yu and Frances Huang)

End article/s

Americans are lining up for a one-time bonus payout worth around $233 – see if you’ll get the extra money Sat, 19 Nov 2022 16:21:02 +0000

THOUSANDS of Americans who expected to receive up to $1,000 in bonuses will now receive less than $233.

Connecticut’s $30 million Premium Pay program offered essential workers a one-time payment of up to $1,000, but recent calculations show they won’t get even a quarter of that.


Thousands of Americans hoping to get $1,000 have had their payments drastically reducedCredit: Getty

The announcement was made by elected State Comptroller Sean Scanlon and Comptroller Natalie Braswell.

“I think it was obvious to everyone for months that there wasn’t enough money and there was more interest in the program than everyone anticipated,” Ms. Scanlon.

Initially, more than 248,000 workers submitted applications, but only 207,000 were completed and 134,010 were approved.

Of these, 108,030 workers earned less than $100,000 a year, making them eligible for the maximum payment of $1,000.

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Unfortunately, these employees will only receive $232.67.

Mr Scanlon is making calls for more funds to be added to the scheme to bring payments back to what they were originally supposed to be.

However, current estimates show that at least an additional $99 million will be needed to sustain the initial payout scale.

how much you can get

Payment amounts are broken down by the following income levels:

  • Full-time employees who earn less than $100,000 will receive $232.67 instead of the full $1,000 payment
  • Those who win between $100.00 and $109,999 will receive a payout of $186.13 instead of $800
  • Residents earning between $110.00 and $119,999 will receive a payout of $139.60 instead of $600
  • Workers who earn between $120.00 and $129,999 will receive a payment of $93.06 instead of $400
  • Full-time workers who earn between $130.00 and $149,999 will receive a payment of $46.53 instead of $200

About 12,000 part-time employees were entitled to $500, which was reduced to $116.

Payments will be made early next year and are considered taxable income.

To be eligible, candidates must have held a job in the private sector that did not allow them to work from home from March 2020 to May 2022.

Federal, state and municipal government employees will not be eligible for this program.

More help is on the way

Several states across the country are offering payments to help struggling residents.

Under California’s tax refund program, the state chose to send payments worth between $200 and $1,050.

Over 23 million California residents are online to receive money.

However, the state’s Franchise Tax Board (FTB) only sent 4.5 million direct deposits and issued 905,000 debit cards.

The state of Hawaii began sending tax refunds over the summer to help residents deal with rising prices.

Taxpayers who reported income below $100,000 were in line to receive $300.

Those who earned more than $100,000 but less than $200,000 a year were entitled to $100.

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See if you qualify for a direct payment of $1,200 available to thousands of people.

Additionally, see the dozens of states offering universal basic income programs.

CA inflation relief money: debit card, direct deposit totals Wed, 16 Nov 2022 19:44:00 +0000

California has paid out more than $4.1 billion in inflation-fighting funds to eligible taxpayers.

California has paid out more than $4.1 billion in inflation-fighting funds to eligible taxpayers.

Getty Images/iStockphoto

In just over a month, California has provided more than $5 billion in inflation-fighting money to eligible taxpayers who expect direct deposits or debit cards of up to $1,050. .

The Franchise Tax Board has distributed, according to its website, more than 6.7 million direct deposits and more than 2.5 million debit cards across the state since Oct. 7. The website will be revised weekly with new totals, the tax board spokesperson said. Andrew LePage in an email to The Bee.

The majority of direct deposits have been issued, he said, and the last eligible taxpayers can expect to see payments arrive in their accounts by Nov. 22.

If you think you should have had direct deposit sooner, first check to see if you 1. filed your 2020 tax return electronically and 2. received your refund via direct deposit.

Then, review your 2020 California tax return to double-check eligibility before contacting the Middle Class Tax Refund Customer Hotline at 800-542-9332.

New information for debit card recipients

Excluding holidays and weekends, the tax board typically sends between 150,000 and 200,000 debit cards a day to eligible recipients, Lepage said.

Debit cards started rolling out on October 24 and will end on January 14.


You should expect a debit card, according to the Tax Authority website, if any of the following are true for you:

  • File a paper return
  • Had a balance owing
  • You received your Golden State Stimulus payment by check
  • You received your tax refund by check, regardless of reporting method
  • You received your 2020 tax refund by direct deposit, but you have since changed your banking institution or bank account number
  • You received an advance payment from your tax service provider or you paid your tax preparer fee using your tax refund

Debit Card Sending Schedule

Debit card recipients should allow up to two weeks from date of issue to receive their payment in the mail.

Debit cards should have been mailed by Nov. 5 to former Golden State Stimulus recipients whose last names begin with AE. Here is the mailing time frame, according to the tax board’s website, for other previous Golden State Stimulus check recipients with FZ surnames:

  • FM Surnames – will be sent between November 6 and November 19
  • NV surnames – will be sent between November 20 and December 3
  • WZ surnames – will be sent between December 4 and 10


  • AK surnames – will be sent between December 5 and December 17

The mailing schedule for non-Golden State Stimulus recipients with LZ surnames will be announced after Monday, November 21.

Eligible California taxpayers who have changed their banking information since filing their 2020 tax returns should expect a debit card to be mailed between December 17 and January 14.

What do you want to know about life in Sacramento? Ask our California Utility team your priority questions in the module below or email

This story was originally published November 16, 2022 10:26 a.m.

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Brianna Taylor is a reporter in the Duty Journalism Desk of The Sacramento Bee. Brianna has also reported in Missouri and Maryland. She graduated from Morgan State University.

FTX customers may not get much of their deposits back by CoinEdition Mon, 14 Nov 2022 07:00:00 +0000

FTX clients may not recover a large portion of their deposits

FTX clients are unlikely to recover much of their deposits, as the crypto exchange has $9 billion in liabilities, but only $900 million in liquid assets. Additionally, FTX has $9 billion in illiquid assets which mostly consist of tokens such as (FTT) and (SOL), which have been falling in price over the past week.

At press time, the price of FTT is trading at $1.53 after a price decline of 21.02% in the past 24 hours, according to CoinMarketCap. After setting a 24-hour high at $2.17, the price of FTT fell to a low of $1.29 before recovering to its current level.

Daily chart for FTT/USDT (Source: CoinMarketCap)

The daily chart for FTT/USDT shows the tragic fall of FTT and the wider FTX ecosystem over the past week. This led the price of FTT to drop from $25.85 to $5.50 between November 5 and 8, 2022. Subsequently, the price fell further in the days that followed.

In SOL terms, it is currently trading at $12.58 after its price fell 13.12% in the last 24 hours.

Daily chart for SOL/USDT (Source: CoinMarketCap)

FTT’s price movement over the past week can also be seen on SOL’s daily chart, as its price has also dropped dramatically over the same period. This decline caused the price of SOL to drop from $37.06 to $14.08.

Subsequently, the price of SOL rallied slightly to hit a high of $18.87 before closing at $17.66. The days that followed all closed in the red, as can be seen on the chart.

Disclaimer: Views and opinions, as well as all information shared in this price analysis, are published in good faith. Readers should do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post FTX Clients May Not Recover Much of Their Deposits appeared first on Coin Edition.

See the original on CoinEdition

So far, at least about $1 billion in tax refunds have been sent to residents of Mass. Fri, 11 Nov 2022 15:31:00 +0000

So far, more than 900,000 Massachusetts residents have received tax refunds under Chapter 62F, the controversial tax cap law that requires the state government to return nearly $3 billion in excess income to taxpayers.

That equates to nearly $1 billion distributed to eligible Bay Staters starting Tuesday, a state official told MassLive Thursday night.

  • Read more: Maura Healey and Kim Driscoll want your feedback – and your resume

The Baker administration began distributing checks in early November, with the distribution process expected to extend through mid-December. This is a random rollout, which means managers don’t send refunds to the lowest earners first, alphabetically, or in any other predictable order.

The refunds, which are sent as paper checks by mail and direct deposit, represent approximately 14% of an individual’s 2021 personal income tax. No action is necessary on the part of eligible Bay Staters – namely those who filed their taxes before mid-October or who will do so before mid-September – to receive the refunds, depending on the eligibility parameters. update.

  • Read more: Republican Lt. Governor Polito praises Governor-elect Healey for her impact on her daughter and girls across the state

About 200,000 refunds have been distributed by direct deposit so far, and another 700,000 refunds have been issued as checks by mail, the state official told MassLive.

The Department of Revenue previously said it intended to send about 500,000 Chapter 62F refunds in the first week, followed by about 1 million in subsequent weeks “until all currently eligible refunds have been distributed”. But officials warned that US Postal Service delays could slow the process.

  • Read more: 5 things to expect from Maura Healey as Governor of Massachusetts

Bay Staters can direct their questions about Chapter 62F refunds to a state call center at 877-677-9727. It is available from 9 a.m. to 4 p.m. on weekdays.

The call center has answered more than 5,600 calls so far, answering questions about refund amounts and Chapter 62F as a whole, the state official said.

MassLive wants to know if readers have already received their Chapter 62F refunds, or if not, what concerns they might have. Fill out our Google form here or below.

Current Exam 2022: Competitive APY but Limited Customer Service Options Tue, 08 Nov 2022 21:07:00 +0000

Unlike traditional brick-and-mortar operations, Current is a New York-based neobank that is partnered with Choice Financial Group. This fintech mainly offers banking services via a mobile application. Consumers can choose between a checking account or a high-yield savings account, also known as a savings bank. Along with these traditional banking services, current users can also buy and trade crypto, manage their budget, and earn rewards.

Deposits to your current account are FDIC-insured, and Current offers a Visa debit card as well as free withdrawals at over 40,000 ATMs nationwide. All rates and fees are effective as of November 8, 2022 and are subject to change.

Current offers

Current offers two types of accounts: a checking account and a high-yield savings account.

Chequing accounts and savings accounts

Current expense account

  • APY: $0
  • Costs: $0
  • Minimum opening deposit: $0
  • Awards: 15x points on purchases made at participating merchants.
  • Check Writing Privileges: None
  • Debit card : Yes

High Yield Savings Account

Current savings module

  • APY: 4.00%
  • Costs: $0
  • Minimum opening deposit: $0
  • Minimum balance to earn APY: $0.01
  • Maximum balance: $2,000 per savings module. Customers can open a maximum of three savings capsules for a total of $6,000.
  • Debit card : Yes

Other services Current offers

Current offers a number of other benefits and services to its account holders. Some major benefits include:

  • Faster direct deposit: With Current, you can get paid up to two days sooner when you sign up for direct deposit.
  • Overdraft Protection: Current’s Overdrive™ feature allows overdraft account holders up to $200 with no overdraft fees.
  • Banking services for teenagers: Parents can link a teen debit card to their primary checking account to teach their kids how to manage their own money.
  • Investing in cryptocurrency: You can buy up to 27 of the most popular coins directly in the Current app, including Bitcoin, Ethereum, Dogecoin, Shiba Inu, and more.
  • Points and cashback: Current account holders can earn up to 15x more points every time they swipe their card at over 14,000 participating merchants nationwide. These points can then be redeemed for cash in their checking account.
  • Disposal of gas wedges: Current immediately removes gas holds that stations place on debit cards at the pump, making all account funds available immediately.
  • Money management tools: Current helps account holders use budgeting tools to track spending and meet financial goals.
  • Current tags: With Current, you can instantly send and receive money for free to other Current members using your unique current ~tag.

The current platform and customer support

Customers using Current can create an account online, but they will primarily do their banking through the Current mobile app, which has over four stars on the App Store and Google Play. When it comes to customer service, Current has limited options with no phone or online chat service. For assistance, customers will need to complete an online request and will be contacted via email or chat in the mobile app.

Advantages and disadvantages of current

Current offers a more modern take on traditional banking and while that may be a selling point for some consumers, it may not be the best banking option for consumers across the board. Here is an overview of some of the main pros and cons:

Pros: Current is associated with an FDIC-insured bank. Although Current is not a bank, depositors are insured for up to $250,000 for each category of account ownership through Current’s partner bank.

Pro: Current offers a lucrative cash back program. Current customers can earn 15 times the points on purchases made at participating merchants.

Disadvantage: Current does not have a customer service number. For customers with questions about their account, it can be difficult to contact a real human, as Current does not have a direct customer service number. All service requests should be made through Current’s site where customers can submit their information and wait to receive an email response.

Disadvantage: Depositing money into your checking account will incur fees. Current charges a $3.50 fee for depositing cash into your account.

Frequently Asked Questions

Is Current a real bank?

Current is not a bank, it is a financial technology company that provides banking services, sometimes referred to as neobank.

Which bank uses Current?

Banking services for current customers are provided by Choice Financial Group.

Is Current a safe bank?

Current is FDIC insured through Choice Financial Group. Depositors are protected for up to $250,000 for each category of account ownership, in the event of bank failure.

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]]> California middle class tax refund: Millions still awaiting filings Sat, 05 Nov 2022 20:21:04 +0000