Do you know what to do if your bank fails? The sudden implosion of Silicon Valley Bank and Signature Bank has millions of once-complacent asking this question. The truth is, banks can and do fail, often without any prior outward signs of trouble. Hundreds of banks went out of business during the savings and loan
What happened to Silicon Valley Bank? The short answer is, it failed after a classic bank run during which depositors rushed to withdraw cash while they still could. The long answer is quite the read.
Have you ever checked your bank statement and noticed something doesn’t look right? Rare though they are, bank errors can happen for a variety of reasons. But if you know what to look for, they’re not tough to spot.
How much do you keep in your bank account? Is it enough? Too much? We’ve got the answer to these questions plus tips for determining the sweet spot for your savings account.
Craigslist makes it easy to find just about anything you need, but it is also home to scammers. You don’t have to avoid Craigslist to avoid being “taken” — you just need to know what to look for. Learn the most common Craigslist scams, advice on how to avoid them, and the red flags to look out for.
The FDIC hasn’t met its target reserve ratio in years. Should you be worried there won’t be any money if your bank fails? Probably not, but it’s more complicated than a simple yes or no.
Your bank’s “member FDIC” logo isn’t there for show. It means your money is insured in case something happens to the bank. Find out how much insurance you get, past, present, and future.
Do you have enough money to cover unanticipated hardships like major medical bills, vehicle breakdowns, and home repairs? If not, you need an emergency fund. Find out how to start a new one or grow the one you have.
Don’t let unexpected expenses plunge you into panic. Build an emergency fund to deal with anything life throws at you.
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.
Payment apps vary widely in features, speed, and cost. Some can transfer money across many countries, while others work only in the United States. Which app is best for you depends on how you want to use it. These are the best money transfer apps ranked by best feature.
There’s already a lot of misinformation out there about the Credit Card Competition Act. Before you decide whether you’re in the pro or con camp, it’s important to understand what the law is, how it will work, and who it helps and, yes, harms.
