Banking
12 articles
Even if you have a will — but especially if you don’t — naming a beneficiary on your bank accounts is vital. Only you can decide who, but we can show you why and how.
One of the first things you should do after formally incorporating your business is open a business bank account. But the prospect can be overwhelming because there’s so much choice and not much transparency in the space. When I ran my own micro-business back in the day, I evaluated more than a dozen financial services
It’s easy to go your whole financial life without ever coming across a money order. But if you’re here, someone’s asked for one, so follow these directions to fill it out.
The world’s 20 biggest banks all have at least $1.5 trillion in consolidated assets. Many are Chinese state-controlled enterprises, but four U.S.-based banks, four Japanese banks, and several European banks round out the list.
The average American has more than $6,000 in credit card debt. That figure is climbing quickly as total U.S. credit card debt surpasses $930 billion, closing in on the all-time high set in 2019. The vast majority of people who carry credit card balances are current on their bills. Sure, they’re paying too much to
The United Kingdom has about 130 homegrown banks. Approximately 230 others have permission to accept deposits from people in the UK. Here’s the breakdown.
Capital One Bank made more than $12 billion in 2021. Most of that (78%) came from interest income, with the lion’s share coming from credit card interest. Capital One made some money on account fees too. Its biggest expense was employee compensation.
Economic historians — and anyone who lived through it — will remember 2022 as a year of rapidly rising interest rates. From closely watched benchmarks like the federal funds rate to rates on mortgages, auto loans, and credit cards, the year ended with much higher rates than when it started. Even if you pay your
The theory behind the gold standard is that it keeps overspending and inflation in check. While that sounds like something that couldn’t go wrong, the reality doesn’t live up to the hype.
On Dec. 20, 2022, the Consumer Financial Protection Bureau fined Wells Fargo $3.7 billion for repeated legal violations. We break down the latest scandal and some of the bank’s biggest prior ones and explore what it means for you if you’re a Wells Fargo customer.
Varo is a low-fee online bank designed to help with your everyday spending and saving needs. Although the kinds of accounts it offers are not as comprehensive as larger financial institutions, Varo is definitely worth a look, especially for people beginning or restarting their financial journeys.
If you’re like the average person, you probably only use your bank for a handful of things. But it offers a plethora of services, some of which you may not even be aware of. Get the most out of your bank by reviewing the standard services most provide.
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