Browsing Category
Banking Basics
31 posts
How to Deposit Cash in Your Local Banks, ATMs and Online Banks
It’s best to put any extra money in a bank. So, the money is protected from theft, loss or…
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 Does It Mean To Notarize A Document?
DEFINITION Notarized Documents are those that have been certified as authentic by a notary to ensure their authenticity. Notarization involves…
What is the FDIC?
Federal Deposit Insurance Corporation is an independent U.S. government agency that was created to protect the financial system…
Understand the available balance in your bank account
When you check your account status, you may find that there are several balances including an “available” one.…
What is Escheatment and Why?
DEFINITION Escheatment is when money in an account appears to be abandoned after a certain time period. The financial…
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 the difference between ACH and wire transfers?
Electronic transfers include ACH and wire transfer. These are often good options for sending or receiving money. There’s no danger…
How to Use a Bank wire
A wire transfer is a great way to send money quickly and safely. It is a fairly simple process,…
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…