When you need to make a secure payment, certified checks are a popular and trusted option. A certified check is essentially a check that’s been guaranteed by the bank, which ensures there are enough funds in your account and the signature is authentic. In other words, a certified check can be a reliable choice for…
The pressure to spend money can be strong in many social situations. Perhaps a group of friends invites you to a concert or sporting event over the weekend, but you don’t have room in your budget for the tickets. Maybe your family invites you on a fun-filled vacation, but you can’t afford your share of…
If you want to send and receive money while you’re in the U.S., it will be pretty hard to do without a bank account. Fortunately, even if you’re not a U.S. citizen, you can open a bank account here. Like getting a driver’s license or finding housing, it’s harder to open a bank account in…
When you think about offshore bank accounts, spy thrillers and tax strategies for the wealthy may come to mind. However, offshore banking can also be a financial solution for anyone who works internationally, has close family in another country, or frequently travels abroad. In fact, roughly 1.5 million Americans have around $4 trillion in assets…
Making purchases with a credit card can help you earn valuable cash back, miles, or points — and those rewards can offset the cost of credit card bills, cover travel expenses, pad your savings, and more. While swiping your card at the grocery store or gas station is simple, paying your monthly bills with a…
Some of the following may be considered weird ways to use a credit card, but if you’re willing to get a little outside of your comfort zone, you could earn hundreds of dollars in additional rewards every year. 1. Buy gift cards A lot of rewards credit cards offer bonus rewards on certain purchase categories,…
A housing market crash happens when home values plummet due to a lack of demand for or an oversupply of homes. The factors leading to a housing market crash are varied, ranging from economic recessions to high mortgage rates that make it less affordable to buy a home. A housing crash can have upsides (low…
Mobile banking has become a popular way to bank in recent years.According to a recent national survey conducted for the American Bankers Association, 54% of bank customers use apps on phones or other mobile devices as their top option for managing their bank accounts, versus other methods like visiting a branch. In 2010, by contrast,…
Fractional reserve banking is a system that requires banks to keep a percentage of deposits in their customers’ transactional accounts (such as checking and savings accounts) on reserve. Under the previous U.S. reserve requirement, banks had to keep as much as 10% of deposits in their vaults or with the Federal Reserve. However, this threshold…
Mobile check deposit is a free feature that comes with most banking apps. It allows you to deposit a check through your smartphone or tablet, and the process only takes a minute or two. Learn more about how mobile check deposit works and whether this feature is right for you. How does mobile check deposit…
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