When you take your money and put it in the bank, you might think that it just sits there, waiting to be called into use by you. However, that's not how it works. Here's how banks make money. Using Your Money to Make Money You have a record of how much money is "yours." A [...]
When you're starting a business choosing a bank is more important than you might think. Having a great relationship with your bank and a point of contact can be really helpful. Additionally, finding a bank that won't charge a lot of fees can end up saving you money that can be spent somewhere else (like [...]
How Healthy is Your Bank? One of the issues of importance to many consumers is the health of their banks. The financial crisis of 2008 increased the interest in the health of various financial institutions. It's true that FDIC insurance can protect your money in the event of a bank failure, but there are inconveniences [...]
Non-citizen residents in the United States have many reasons to want to open a bank account. Indeed, it can make it easier to manage money when you have a bank account, especially if your visit to the United States will be of a lengthy duration. Realize, though, that non-citizen residents are required to go into [...]
Online banking is an essential part of your financial life. Indeed, with the way we handle money, it’s possible to do your banking without ever setting foot inside a bank. User friendly bank websites are more important than ever because of the increased demand for online banking functionality. Here are our top 7 online banking [...]
After the financial crisis of 2008, in order to boost faith in banks and encourage deposits, FDIC insurance coverage was increased from $100,000 to $250,000. As a result, if a bank fails, you are entitled to get your money back -- up to $250,000. For many high net worth individuals, however, this is small comfort. [...]
One of the subjects coming up right now is food price inflation. However, it's not just inflation in terms of food prices that you have to be concerned about; inflation can strike just about anytime – and affect you in ways you might not realize. What is Inflation? Simply put, inflation is a rise in [...]
When you are ready to buy a car, chances are that you will need a loan to complete the transaction. Generally, there are two options available to you if you decide to finance your car: get a car loan through the bank or credit union, or a loan through the dealership. Getting a Car Loan [...]
One of the most important decisions you make as a small business owner is how you handle your banking. As you set up the bank account for your small business, here are 5 small business banking tips that can help you improve your banking situation: Open a Bank Account in Your Business Name The first [...]
Lately, there's been a lot of talk about moving your money from the big banks. Some suggest that with all of the fees charged by banks, it’s a good time to make the move to a credit union. Before you make the switch, though, it helps to understand the differences between credit unions vs banks, [...]
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