Offer your thoughts or opinion on the input financial query or topic using your financial background.

A friend wants to use my account for a wire transfer. Is this a scam or is it legitimate?
This is another version of an old scam -- "let me have a check deposited in your account because I can't open one for some reason, and I'll share some of the money with you."  Here the scammer is promising to "start a business" with you as a way to gain your confidence and trust. The first danger sign is that you only know this person from online.  They are not someone you are friends with in the "real" world.  They could be anybody.   They used the name of a big company as a way to make what they're doing sound legitimate, but it's all a fraud.  They could be depositing a faked Exxon check into your account, which could land YOU in huge trouble. Here's the thing -- The only way Exxon (or any other company) can deposit money in a bank under someone's name is if that person provides the account and routing numbers to an account that already exists.  No company can just create an account in another person's name.  That's Hollywood movie stuff, but it's not how banking works.  To open an account, the bank would need identification on the account holder, so your "friend" already has an account if Exxon has allegedly deposited money.  Further, Exxon isn't going to take back money that has already been deposited.  In fact, they can't take it back.  If the account is in his name, they can't do anything to the account or with the account.   This is a situation you should run away from and never look back.  Nothing about this story sounds right or legitimate, but this is one of the oldest scams out there since the beginning of the Internet. You would be well advised to stay VERY far away from your supposed friend, because they're anything but your friend.  You are being SCAMMED.  Don't be a victim.  Stop communicating with this person immediately, and DON'T give them any personal information of any kind.  They're crooks! I hope this helps. Good luck!