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Banking Basics
31 posts
How to Ask your Bank to Waive Overdraft Fees
Overdraft fees are a financial and emotional burden when you’re already struggling financially. Overdraft fees are annoying even when…
What is Annual Percentage Yield (APR)?
DEFINITION Annual percentage return is a rate of return on an investment for a period of 12 months that…
What is a wire transfer?
A Wire Transfer is an electronic method for moving funds. The Key Takeaways Wire transfers are a method of electronically…
PayPal Debit Card and Credit Card
PayPal is well-known for being one of the very first companies to offer consumers the option to send…
What is compound interest?
Compound Interest is the interest that is earned on the original principal and accumulated interest. The Key Takeaways Compound…
What is a beneficiary?
DEFINITION A beneficiaryis a person or entity you name to receive your assets upon your death. Your assets will be…
What is Interest?
Interest represents the cost of borrowing. The lender gets interest and the borrower pays it. The Key Takeaways Interest is…
Discover How ACH Payments Work
ACH payments are electronic funds transfers that use the Automated Clearing House Network (ACH). 1 The funds move from one…
How do cardless ATMs work?
You can now pay electronically for most things, removing the need to carry cash. The mobile wallet on your phone can…
How to Open a Bank Online Account
You can open a bank account from the comforts of your home. It should take you only a few…