Banking

Guide

"Debit Or Credit?" It's Still A Debit Card

What Happens if I choose "Credit" with my Debit Card

By Amy Beardsley You are given the option of "debit or credit" when making purchases with your debit card. As it turns out, there's a l...

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Investing & Retiring Banking Checking & Savings Accounts

Guide

Don't Answer That Text From Your "Bank"

Avoid Being Scammed by a Text

Does your bank have a cardless ATM? Cardless ATMs interact with your smartphone to let you withdraw cash from your bank's enabled ATMs witho...

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Credit Rating Investing & Retiring Banking Borrowing

News

How The Interest Rate Increase Affects You

What Happens to your Mortgage, Credit Cards, and Bank Accounts?

Your Christmas gift from the Federal Reserve is here. Surprise! It's another 0.25% hike in the Federal Funds rate. Sure, you've already gott...

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Banking Home Purchase Loan Checking & Savings Accounts Borrowing

News

Surprise! Debit Cards Have Fees

New Survey Shows Misunderstanding of Potential Debit Card Charges

Most consumers know that credit cards can come with fees other than interest charges applied to balances. Annual fees, late payment fees, ba...

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Banking Checking & Savings Accounts Fees Investing & Retiring

Q&A

Asked by Sadi

My son was left a UTMA bank account by his grandmother.

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Answers 2

Answered by Prateek Mehrotra
Financial Adviser in Appleton, WI

I would go back to his grandma's tax return and trace the annual 1099 interest report and get the account number from that before contacting the bank. Keep in mind ...

Banking Investing & Retiring Banks Trusts

Q&A

Asked by an anonymous user

If I wanted to earn an $50 in interest, what interest rate would I have to receive if I only had 230 dollars?

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Answers 1

Answered by MoneyTips Writing Staff
Financial Adviser in Los Angeles, CA

That would require more than 20% interest in a year. For how long would you able to invest the money?

Banking Investing & Retiring

News

Free Government Program Can Help You Master Your Finances

Money Smart for Adults

You're never too old to learn new things – including better money management practices. The Federal Deposit Insurance Corporation (FDIC) agr...

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Credit Rating Banking Home Purchase Loan Borrowing

News

91% Of Us Have Taken Steps To Protect Against Identity Theft

New Survey Shows Increased Awareness and Action

In September 2017, America learned about the massive data breach at the credit reporting agency Equifax that affected approximately 148 mill...

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Credit Rating Banking Borrowing Credit Cards

Q&A

Asked by Brady

How does federal insurance on bank accounts work?

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Answers 1

Answered by Martin Leclerc
Financial Adviser in Bryn Mawr, PA

Deposit insurance works through the FDIC which is a US government corporation created by the Banking Act of 1933. Currently, deposit insurance guarantees the safet...

Banking Checking & Savings Accounts Investing & Retiring Other Insurance

Q&A

Asked by Crystal

What are the advantages of using a credit union over a traditional bank?

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Answers 2

Answered by Ronald Omar Flores
Membership Consultant/ Financial Consultant in Alviso, CA

Sometimes you can find better rate with Union Bank than traditional one but I want to caution you to read all fine print in any financial transactions

Banking Borrowing Investing & Retiring Banks