Auto Added by WPeMatico
A bank account bonus is an incentive banks and credit unions offer new customers to encourage them to open a new account. The bank gives you a specific amount of money, ranging from $50 to $1,000, when you open a new account and meet their specific requirements. Bank account bonuses could help make it a […]
Are Bank Account Bonuses Worth It? Read More »
The first automatic teller machine (ATM) debuted in 1967 in London and reached widespread use by the 1980s. The rise of ATMs marked the end of an era when you had to go inside a bank and speak with a teller to withdraw cash from your account. These days, ATMs are a common convenience, allowing
A trusted contact is a person financial institutions have your permission to contact if they cannot reach you. This could be done if the financial institution—typically a bank, credit union or brokerage—becomes concerned that the account holder could be the victim of financial exploitation or fraud, or is experiencing a health crisis. What Can a
What Is a “Trusted Contact Person” for Financial Accounts? Read More »
If you’re only using your bank to make deposits and withdrawals, you could be missing out on other perks and rewards opportunities your account has to offer. Bank accounts may provide several useful benefits that can help you manage your money, earn a higher return on savings and more. Here’s how to ensure you’re making
7 Ways to Get the Most out of Your Bank Account Read More »
If you’re planning to switch banks, you may be wondering how long it will take. The answer is: It varies. Making the leap from one financial institution to another is a process that can stretch out from a few hours to a month, depending on how much there is to be done and how carefully
How Long Does It Take to Switch Banks? Read More »
It can be easy to forget your bank serves an important purpose in your life, as your accounts hold your money without much thought or effort on your part. You probably have bills set up with automatic withdrawal or a credit card issued by the bank. But if you feel like your bank isn’t giving
How to Switch Bank Accounts Read More »
Your money at a bank or credit union is likely safe—even if that company fails. Most banks and credit unions have insurance that covers up to $250,000 of your money, and your coverage could be even higher if you hold joint accounts. However, having a backup checking or savings account could be a good idea
Is My Money Safe in the Bank? Read More »
If you’ve recently moved to a new city, moved across town or simply want (or need) products and services not offered by your current bank, it may be time to swap out the old for the new. After all, few things last forever. While switching banks can have many benefits, several drawbacks must also be
Pros and Cons of Switching Banks Read More »
Money you save for a rainy day or major purchase could technically live in your checking account (or under a mattress), but savings accounts are a better place to park cash for emergencies and big-ticket items. Savings accounts offer numerous perks, including interest and deposit insurance, but funds are still liquid so you can access
4 Benefits of Having a Savings Account Read More »
A savings account can provide a safe way to stash some cash for short-term and emergency needs. With so many options available, however, it can be difficult to know which one is the best one for you. Here are three steps you can take to determine which savings account is best for you based on
How to Choose the Best Savings Account for Your Needs Read More »
Bank accounts can help you manage your money and keep it safe, but banking activity is not reported to credit bureaus, so it won’t help you build credit. That said, keeping a healthy balance—or an emergency fund on hand—can indirectly help protect your credit by ensuring that unexpected expenses don’t result in missed payments. In
Can You Build Credit With a Bank Account? Read More »
Since the advent of online banks, checking and savings options have become increasingly diverse in their benefits, fees and other features. As a result, it can be difficult to know which one is the right fit for you. While there’s no single best bank account out there for everyone, knowing your financial needs, goals and
How to Choose a Bank Account Read More »
Multiple savings accounts are a great way to save for different goals and track your progress. Whether your goal is to buy a house, pay off debt or plan for retirement, having separate savings accounts can help you stay organized and on top of your finances. Read on to learn more about the benefits of
Should You Have Multiple Savings Accounts? Read More »
Bank account yield is the rate of return the bank rewards you with in interest for storing your money in one of their accounts. Taking it a step further, the annual percentage yield, or APY, is the amount you could earn on an account in one year. Unlike APR, which is the interest you pay
How to Calculate Your Bank Account APY Read More »
The best place to stash your money depends on a variety of factors, including when you need the money and how willing you are to take risks with your funds. Here are seven places you can save your money based on your financial situation and goals. 1. High-Yield Savings Account If you have short-term financial
7 Places to Save Your Money Based on Your Goals Read More »
