Banking

Guide

Checking Account Scams

Protect Yourself from Unauthorized Withdrawals

Your checking account is a tempting target for thieves. You must stay alert for the many varieties of checking account scams – but first, yo...

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Credit Rating Investing & Retiring Banking Borrowing

Guide

5 Ways To Keep Hackers Away

Stop Hackers From Accessing and Using Your Data

Hackers are like any other type of thief. They look for easy targets and take advantage of them. Are you an easy target in the eyes of ident...

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Credit Rating Banking Borrowing

News

1 Out Of 3 Americans Don't Use A Budget

But 93% Say Everyone Needs a Budget!

Do as I say, not as I do. Do you ever fall into that trap? New research from Debt.com suggests that you might have that attitude when it com...

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Banking Budgeting Borrowing Investing & Retiring

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

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

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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Banking Checking & Savings Accounts Investing & Retiring

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 Banking Borrowing Investing & Retiring

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