Summary: Founded in 2007, Happen Bank, formerly known as LendingClub, is an online bank that has since grown to serve more than 5 million members nationwide. Happen offers banking products and services for individual customers and businesses, including checking accounts, savings accounts, certificates of deposit (CDs), loans, and more. Happen Bank product overview LevelUp checking…
Have you ever overdrafted your checking account or accidentally bounced a check? If so, a record of that mishap could be following you around. When you have a problem managing a bank account, your bank usually reports the incident to a company called ChexSystems. And if you have negative information in your ChexSystems file, you…
If you died unexpectedly, the money in your bank accounts could be tied up in a probate court for quite a while. That can leave your loved ones in a tough spot, as they may need access to that money to cover funeral expenses and other costs. That’s why it’s important to name a beneficiary…
Though rare, financial institutions do fail from time to time. In 2023, for example, banking giants Citizens Bank, Signature Bank, and Silicon Valley Bank all collapsed. But what about credit unions? Though they’re often considered “safer” than banks, credit unions can also fail — though the financial fallout is typically mild by comparison. So far,…
Bouncing a check is never a good thing. It can lead to incurring fees — both for the check-writer and the recipient. However, legal action or other long-term consequences are also possible. Read on to learn more about bounced checks, their consequences, and how to avoid them. What is a bounced check? A bounced check…
Regional banks generally fit between community banks and national banks when it comes to size, available products and services, and accessibility. They tend to offer a generous range of products and services, but they serve a particular area of the country. While regional banks may not be nationally accessible, they have several advantages that make…
The Discover it Secured Cash Back Credit Card doesn’t require a credit score to apply. In fact, it helps build up your credit score by offering cash-back rewards as an incentive for responsible credit behavior. Discover it Secured Cash Back card overview Annual fee $0 Welcome offer Discover will automatically match all the cash back…
As a small business owner, you’re not legally required to have a business bank account. But the longer you mingle your business and personal finances, the more likely you are to regret it. While separating your business and personal bank accounts can be a pain, it’s highly recommended you do so, since having separate accounts…
Cash is increasingly unpopular; consumers use cash for just 7% of total payments, according to the Federal Reserve. But if you’re trying to avoid racking up debt and prefer not to pay with a credit card, a debit card or prepaid card can be a convenient alternative that allows you to skip carrying paper bills….
A “bad check” is not just an inconvenience. From overdraft fees to returned payment charges and even legal issues, the consequences of writing or cashing a bad check can be costly. Here’s what causes a check to bounce, what happens when it does, and how to avoid the problem in the first place. Definition of…
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