It’s hard to live in the modern world without a bank account. Everything from investment brokerage accounts to digital wallets to real estate investments require ways to store and send money electronically. Good luck retiring without any of those tools….
Let’s say you just had a successful garage sale and turned a whole bunch of clutter into cash. You made a few hundred dollars, and you’re feeling pretty good about your haul. Now there’s just one problem: How do you…
Suppose you’ve decided to sell your old couch on Craigslist. You find a buyer who agrees to the price and wants to pay with a money order. Is this a safe form of payment? And is it going to be…
About 23% of high school students hold part-time jobs while in school, according to the 2020 data from the Bureau of Labor Statistics. Many others make ends meet with work-from-home side hustles, by doing chores around the house, or by…
When you buy something in a store, there are various ways to pay for it. You can use a credit card, a debit card, an electronic payment app, or good old-fashioned cash. But for really big purchases, like buying a…
In today’s world, people can pay you in many ways, from old school methods like cash and checks to electronic methods like direct deposit, peer-to-peer transfer, or even cryptocurrency. Direct deposit has emerged as the payment method of choice among…
A cash management account is a type of financial account that combines many of the features of checking, savings, and investment accounts into one product. You get the safety and interest-earning capability of a savings account, the flexibility of a…
Imagine going into a bank where the teller greets you by name. When you inquire about a small business loan, you talk to a manager who knows you and visits your business regularly. Because you’re a trusted customer, the approval…
The American banking industry has come a long way since the Great Depression. At the dawn of the 20th century, bank failures were commonplace, particularly among rural, single-branch institutions. The situation became untenable in the early 1930s when the American…
Fed up with unfriendly and fee-hungry banks, many customers are moving their cash to credit unions — not-for-profit deposit institutions that share many similarities with for-profit banks, but tend to be more customer-friendly. According to the World Council of Credit…
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