banking
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Understanding APY: How Annual Percentage Yield Impacts Your Savings
Have you noticed banks quoting their “APYs” and wondered what that means? APY stands for annual percentage yield. Banks are required to prominently display this rate for their dep
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Accrued Interest Explained: Calculation, Tax & Financial Products
Have you ever been loan shopping and come across the term “accrued interest”? With most types of debt, as a borrower, you’re not only expected to repay the amount you initially borrowed, but you must
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Cashier's Check vs. Money Order: Understanding the Key Differences
While most of us prefer to send money online or use a debit card to make purchases, in some situations, a physical payment may be needed. But cash and personal checks aren’t always the best option, es
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Understanding Expense Ratios: A Guide for Investors
If you’ve looked into investing, chances are you’ve come across the term “expense ratio.” While you may be familiar with the term, it’s a good idea to thoroughly understand how it can affect your mone
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Mutual Funds: A Beginner's Guide to Investing
Are you looking for a fairly simple and affordable way to get into investing?If the answer is yes, then you should consider investing in mutual funds. Mutual funds allow you to invest in a portfolio o
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Optimal Checking Account Balance: How Much Do You Need?
Most financial experts recommend keeping a certain amount of money in your checking account from one month to the next. A checking account offers quick and easy access to your everyday funds, and havi
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Peer-to-Peer Lending (P2P): A Comprehensive Guide
Typically, if you need to borrow money, you might visit your local bank to see if you can be approved for a loan. But traditional financial institutions and banks can have more rigid income and credit
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Personal Loans: 12 Key Reasons to Borrow
Life happens. Sometimes, you might need to borrow money to pay for it. You could charge planned (or unplanned) purchases to a credit card, but a personal loan could be a better fit when you need to pa
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Understanding Unemployment Debit Cards: How They Work & Usage
Most states now offer unemployment benefits via a debit card that can be used to pay for bills and everyday purchases while you look for a new job. Issuing paper checks is a thing of the past, as unem
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Mobile Check Deposit: A Simple Guide to Depositing Checks on Your Phone
Are you familiar with mobile check deposits?They’re a super convenient way to deposit your paper checks into your checking or savings account without leaving the house! This means you can deposit chec
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Increase Your Credit Limit: A Comprehensive Guide
Credit cards allow you to borrow money from a card issuer for purchases you wouldn’t be able to afford on your own. But having a credit card doesn’t mean you have unlimited access to funds. When you o
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Understanding Credit Monitoring: How It Works & Benefits
Credit is super important when it comes to things like loan approvals, insurance premiums, and rental applications. Having control of your credit can help you get ahead in life and end up saving you t
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Effortless Bank Transfers: A Comprehensive Guide
Transferring money is a basic banking transaction that can be done for a myriad of reasons. You may need to send money to a friend or family member’s bank account, pay your bills, or transfer money to
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Understanding Liens: What They Are and How They Affect You
At some point in our adult lives, we’ll find ourselves in need of financing for a big-ticket item, like a car or house. When we borrow money from a lender, it goes without saying that we’ll need to ev
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Understanding Trustees: Roles, Responsibilities & Duties
You may have heard the term “trustee” before but might be questioning what it means and what a trustee does. Trustees may take care of things such as a person’s estate plan, investments, or charitable
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Chime Bank Holiday Schedule: Accessing Your Money
Chimes Holiday ScheduleHere at Chime, we’re all about helping you bank smarter. While Chime is not a bank, we offer convenient services like direct deposit with the help of our banking partners. We’ve
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Bad Credit Loans: Options & How to Get Approved
If you have bad credit or no credit, your loan options can feel limited. Most lenders have certain credit requirements to approve applicants for a loan. Don’t be discouraged if you need to secure some
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Cardless ATM Guide: How to Access Cash Without a Card
According to a Forbes survey, the vast majority of Americans prefer to bank digitally. Among the various digital banking app features available, the survey found that the most valuable ones to consume
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Understanding & Challenging Overdraft Fees: A Comprehensive Guide
Have you ever been charged a $30 overdraft fee for a small purchase, like a $4 coffee? This can be frustrating, especially if you’re already facing financial hardships, and getting hit with overdraft
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Travel Credit Cards: A Comprehensive Guide to Benefits & Application
In the past couple of years, the COVID-19 pandemic has made it extremely challenging and potentially unsafe to travel, leaving many of us confined to our neighborhoods. But luckily things seem to be l
banking
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- Blockchain in Banking: Overcoming Key Obstacles to Adoption
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401(k) Plans: Your Complete Guide to Retirement SavingsExplore Topics Within the Guide How It Works How Do 401(k) Loans Work and Are They Right for You? How 401(k) Matching Works What is 401(k) Vesting? What Happens to Your 401(k) When You Quit Your J...
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Understanding Accrued Expenses: A Comprehensive GuideAccrued expenses are expenses that are recognized at the time they are incurred, even though cash has not yet been paid. These expensesFixed and Variable CostsCost is something that can be classified ...
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Managing Your Disability Income: Financial Strategies & BudgetingIt is important to learn to live off of your disability allowance if it is your only income. Whether you receive a disability allowance from the government, a previous employer or an insuranc...
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Landlord Letter: How to Request Property Cleanup from TenantsIf a tenant's home or yard is in bad shape due to neglect or bad housekeeping, you have two choices. If you want to keep the tenant, send a polite letter or email that describes the problem and as...