Banking
12 articles
Bored with your traditional savings account? Two other options could be a better fit. Learn the difference between money market accounts and certificates of deposit (CDs) and when each one makes sense for your savings goals.
If you’re like most people, you hardly ever use paper checks anymore. It’s much easier to receive your paycheck via direct deposit and pay bills online. But you still need a voided check to enable these transactions. Find out what voided checks are and how they work.
When it comes to managing your money, verifying your credit card and debit card statements is an important part of the process. But how many of us really do this on a consistent basis? I know I don’t. Sure, I look through my statements, but if I see a charge that I don’t specifically remember,
Synchrony Bank is an online banking option with a suite of savings products with attractive rates and few restrictions. It isn’t everything to everyone, but it doesn’t pretend to be. Find out about Synchrony Bank and whether its online savings, CDs, and money market accounts are right for you.
Some expenses are too big to put on a credit card. But carrying around a suitcase stuffed with cash isn’t a great idea. Fortunately, there’s an alternative: a wire transfer. Learn the difference between a bank transfer and transfer service, and how to wire money correctly.
When you write a check or send an ACH transfer that puts your account balance below $0, most banks charge an overdraft fee. Sometimes, they charge overdraft fees on top of overdraft fees. Find out how to avoid these charges.
For those who qualify — mainly U.S. service members and their families — Navy Federal Credit Union offers a broad range of low-fee banking services, including deposit accounts, credit cards, and a variety of loans. Learn about Navy Federal Credit Union and whether it fits your needs.
Millions of Americans live in places that aren’t well served by traditional financial institutions. Community Development Financial Institutions (CDFIs) fill a need in underserved communities in every state. Learn about the types of CDFIs, how they work, and why they’re important.
Your bank statement is a record of everything that’s happened in your bank account during a period. Knowing how to read it helps you check your bank’s records for errors, stay on top of your spending habits, and better manage your household budget.
The Automated Clearing House Network, or ACH, is how Americans send electronic funds transfers. Virtually every bank, credit union, and fintech company in the U.S. uses the ACH network. Find out how it works and how to use it to send and receive money.
NorthOne is an FDIC-insured online banking app built specifically for small businesses. It’s built around a feature-rich deposit account that functions as your enterprise’s day-to-day financial nerve center. Learn about NorthOne, its key features, and whether it’s the right fit for your small business.
Switching banks is a complex financial move. You need to wait to close your old account until all outstanding checks and automated payments have cleared. You need to make sure you’ve transitioned all your bill payments and direct deposits to the new account too.
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