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Opening a checking account is a fairly straightforward process you can complete in a matter of minutes. Traditional banks allow you to open an account at a local branch if you prefer in-person banking. However, both brick-and-mortar and online-only banks provide the convenience of opening an account online. Here’s what you’ll need to open a […]
What Is Required When Opening a Checking Account? Read More »
If you’ve ever woken up in a panic after realizing you left your debit card behind somewhere, or you can’t find it when thumbing through your wallet, you’re not alone. In situations like this where you’ve misplaced your card, but you’re not confident it’s stolen or lost forever, many banks allow you to lock your
Does Locking Your Debit Card Affect Credit Card Payments? Read More »
Many banks and credit unions require you to keep a certain amount of cash in your bank account, whether it’s a savings, checking or money market account. The minimum balance requirement is the specific amount of money you’ll need to keep in the account at all times to enjoy certain benefits or avoid fees. Here’s
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A debit card offers a convenient way to access money when you’re traveling, whether you’re on a Greek getaway or a Rocky Mountains ski trip. Using a debit card while traveling may not be the best option, however, due to limitations in fraud protection and the potential for fees. Let’s review the pros and cons
Should You Use a Debit Card for Travel? Read More »
Debit cards aren’t typically known for their rewards, but some will give you points or cash back when you make eligible purchases. These debit card rewards programs can be an easy way to earn quick cash, but it’s a good idea to understand the rules for the program before signing up. Here’s how debit card
How Do Rewards Debit Cards Work? Read More »
Having a checking account is an important part of managing your finances. It makes it easier to pay bills, make purchases and track your spending. You can certainly have multiple checking accounts if needed. In some instances, it might help keep your spending in check and make for simpler budgeting—but there are potential downsides to
How Many Checking Accounts Can You Have? Read More »
It isn’t difficult to find a no-fee checking account. Many banks and credit unions offer them. But even no-fee accounts may not be completely free. You’ll save on monthly maintenance and other charges, but you may still need to pay for some services. Here’s what you need to know about finding a no-fee checking account,
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A checking account is an essential part of managing your finances. It allows you to make deposits, withdraw cash, pay bills and cover day-to-day spending. Understanding these 11 checking account terms can help you get the most out of your account—and avoid unwanted bank fees. 1. Present Balance Money is probably flowing in and out
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Timing can be key when opening a checking account, especially if you have outstanding issues with your current bank account or are experiencing major life changes. The best time to open a checking account is when you get your first job, start college, get married or divorced, or want services or features your current bank
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Growing older has its benefits: wisdom, patience, retirement and … senior checking accounts? Senior checking accounts offer benefits such as free paper checks, free paper statements and discounts on some bank products and services. Typically, they are geared toward banking customers 55 years of age and older. Depending on how you like to bank, however,
What Is a Senior Checking Account? Read More »
Entering adulthood means taking on the responsibility for many of your own financial decisions. As you reach your college years, financial maturity might include opening your own bank account, especially if you want to simplify receiving student loan money. While you can get a traditional checking account, a student checking account can grant you access
Should You Open a Student Checking Account? Read More »
You probably know how to write a check and deposit one, but do you know how to void a check? Voiding a check prevents the check from being cashed. You may need to void a check if you make a mistake when writing it or if you need to use a voided check for an
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When you’re self-employed or own a business, a dedicated business checking account is essential for managing your company’s hard-earned income. A business checking account is a checking account you can use to make and accept payments, simplify bookkeeping and tax preparation and prevent your business funds from commingling with your personal funds. What Is a
What Is a Business Checking Account? Read More »
Checking accounts are one of the most common types of bank accounts, simplifying money management by allowing you to make purchases and send and receive money without physical cash. Things can get trickier when deciding whether to maintain an individual checking account or to have a joint checking account with a loved one. A joint
What Is a Joint Checking Account? Read More »
Most adults don’t use cash for everyday spending. Instead, we tend to rely on a checking account with a linked debit card. Kids’ checking accounts offer the same convenience and flexibility. They may allow you to send your child money, track and restrict their spending and more. It can also help teach them responsible money
How Do Checking Accounts for Kids Work? Read More »
Choosing a checking account is an important decision that can impact your financial well-being. With so many options available, though, it can take time to decide how to pick a checking account. Here are 10 ways to decide which checking account is right for you. 1. Choose Online or In-Person Banking The first step in
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No-fee checking accounts, sometimes called free checking accounts, are checking accounts that don’t have monthly fees. Since standard checking accounts might charge up to $15 per month for account maintenance, choosing a no-fee account could potentially save you money each year. Read on to find out how no-fee accounts work and how to open one.
What Are No-Fee Checking Accounts? Read More »
If you use an ATM, you could get hit with two fees—surcharges from the ATM operator itself and out-of-network ATM fees from your bank. There are ways to get around these banking fees, however. When you need to draw cash, you can avoid ATM fees by using in-network ATMs, choosing a bank that offers ATM
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