- How Long Does a Wire Transfer Take?
There are multiple ways to send money. In the past, you may have written a check. But these days, you can transfer money electronically through various payment systems, including apps like PayPal, Zelle and Venmo. You could also wire money… read more…
- How Long Does It Take to Open a Bank Account?
Many of us have a lot on our plates. Besides our demanding jobs, there may be dishes to wash, children to feed, and errands to run. If we have to do something outside of our normal routine, we often wonder… read more…
- How to Use a CD Ladder to Build an Emergency Fund
An emergency fund can be a lifesaver if you find yourself in a tight spot. But the amount of savings you have may vary depending on where you park your rainy day fund. While a traditional savings account is more… read more…
- 5 Cheap Ways to Exchange Currency
If you’re planning to go abroad soon, you’ll need to have access to foreign currency. While you could make all your purchases with a credit or debit card, you run the risk of wasting too much money on foreign transaction… read more…
- All About Bank-to-Bank Transfers
Bank-to-bank transfers allow consumers to move money electronically. Specifically, they allow someone to transfer money from an account with one bank to an account with another institution. If you’ve never used this service before, it might seem a little confusing.… read more…
- Private Banks That Help You Bank Like The Wealthy
If one thing is for sure, it is that the ultra-rich and high-net-worth individuals often bank differently than the rest of us. Private banks are a popular solution because they are known for special perks and features benefiting individuals with high net worth. However, you do not have to be rich to benefit from some… read more…
- What Is an Annual Percentage Yield?
When you save or invest your money, you expect to earn some sort of return. With deposit accounts like certificates of deposit or savings accounts, banks need a way to measure the return that you can expect. Enter the annual percentage… read more…
- 7 Drawbacks of Banking With a Credit Union
If you want to break up with your bank, it’s a good idea to pump your breaks before moving over to a credit union. While it’s true that credit unions rival banks by charging fewer fees and accommodating their customers’… read more…
- What Is a Passbook Savings Account?
Millennials probably can’t imagine banking without their computers or cell phones. Members of older generations, however, might recall a time when they had to visit a branch to access their accounts. To some people, the passbook savings account is a… read more…
- Saving 101 for Unmarried Couples
Just because two people haven’t officially tied the knot doesn’t mean they don’t have shared expenses and financial goals they want to achieve. So how should unmarried couples handle saving money? Some of the best tips apply to married and unmarried… read more…
- 8 Common Types of Banks
If you’re on the hunt for a new checking account or you want to start investing, you might need to set aside time in your schedule to do some research. That’s because there are many kinds of banks and financial… read more…
- Overdraft Fees: Everything You Need to Know
It’s time to pay your electric bill. You send in the payment but then you get a notification that you overdrew your account. Now you have to pay an overdraft fee. This is a common fee and if you don’t… read more…
- What Is ChexSystems, and How Does It Work?
Your credit score matters, especially if you’re planning to buy a house or you want access to the lowest loan interest rates. There are three credit bureaus that keep track of consumer credit data. What many people might not know… read more…
- 6-Step Checklist for Closing a Checking Account
Switching banks might make sense if you’re paying too many fees or your savings account interest rate isn’t high enough. Comparing checking accounts and opening a new one isn’t that difficult, but closing an old account can turn into a… read more…
- How to Find Your Routing and Account Numbers on a Check
Writing checks isn’t as common as it used to be. Many of us rely on our credit cards, direct debit and cash to make the payments in our lives. For some people, a monthly rent check is the only check… read more…
- What Is a Certificate of Deposit?
A certificate of deposit (CD) is an example of a low-risk, low-return place to stash your money. CDs are offered by banks and credit unions. Like bonds, they have maturity dates. You buy a CD with a maturity date that… read more…
- All About Offshore Banking
Yes, opening an offshore bank account is legal, as long as you follow procedures and declare your accounts to the IRS. The bigger question is whether you should bother opening an offshore account. Of course, if you’re living abroad you’ll… read more…
- The Pros and Cons of Switching to a Mobile-Only Bank
Mobile-only banks are one of the latest innovations to hit the banking industry as financial institutions adapt to keep up with changing consumer demand. Although the concept is relatively new it’s quickly catching on, especially among millennials who seem to… read more…
- Is a Checkless Checking Account Right for You?
If you’re tired of handing over money to your bank for overdraft fees each month, you might want to think about opening a checkless checking account. Banks like Bank of America and Citibank offer check-free banking options that come with… read more…
- How to Open a Second Chance Checking Account
Learning how to properly manage a bank account requires some trial and error and just about everyone makes a mistake at some point. If you’ve run into trouble in the past with overdrafts or bounced checks or have bad credit,… read more…
- 5 Fees to Watch Out for When Switching Banks
If you’re fed up with the fees your current bank is charging you, switching to a new one can cut down on the cost. The only problem is that before you head out the door, your old bank could slap… read more…
- 4 Downsides of Using Mobile Deposit
Managing your savings and checking accounts can be a lot easier these days thanks to innovations like online and mobile banking. One of the most popular tools that banks feature is mobile deposit, which allows you to add money to your account by taking a picture of it with your smartphone. Ask a financial advisor about setting… read more…
- 6 Ways to Protect Your Bank Accounts
Recently a younger family member mentioned that he had just gotten a new debit card for his checking account because someone had gotten into his account. He said he wasn’t sure how it happened, but someone got access to his checking… read more…
- Top 10 Banks in America By Assets Held
The consolidation of banks in the U.S. has been a trend over the past 40 years. In fact, in 1985, there were 14,427 banks that were insured by the Federal Deposit Insurance Corporation (FDIC). However, in 2022, there were only… read more…
- 5 Reasons You Can’t Save Money
Most people know how to spend money but learning how to save money is an entirely different story. The Federal Reserve puts the personal saving rate at just 4.8% of disposable income, as of May 2014. While the overall saving… read more…