If you’re looking for an online bank with higher interest rates and free online and mobile banking, EverBank could be a good fit. Established in 1961 and insured by the FDIC, EverBank has its roots in Florida but now offers services nationwide through online banking. EverBank offers a variety of banking services, including for businesses…
If you frequently find your bank account running low or have bounced a few checks, you might be flagged in the ChexSystems database. This system helps banks keep track of customers who have had trouble managing their accounts. If you had issues at one bank, it’s not easy to just open a new account at…
If you have valuable items at home, you might consider storing them in a safety deposit box for extra security and peace of mind. This can protect against potential losses from home incidents like burglaries or natural disasters such as tornadoes and floods. Setting up a safety deposit box is simple, but there are some…
The UAE banking sector is finally seeing some positive developments after a few tough years, thanks to an improved infrastructure supporting this growth. Banks are now focusing on expanding their retail portfolios and setting aside provisions for bad loans. This has led to a noticeable drop in bad debt and a consequent rise in lending….
Savings account interest rates offered by banks vary based on the Fixed Deposit (FD) tenure and can change over time. Factors like market liquidity and policies from the Reserve Bank of India (RBI) influence these rates, so it’s wise to regularly check for the best offers. Recently, Axis Bank, a private sector entity, lowered its…
Did you know that 17 million people in the United States don’t have a bank account? The reasons can vary, but many millennials think they don’t need one. Despite the growing distrust in financial institutions, having a checking account is essential for managing your money every day. Here are five solid reasons why you need…
### What Does Electronic Check Conversion Mean? Electronic check conversion is when your check’s details—like the check number, your account number, and your bank’s identifier—are used to carry out an electronic payment from your account. This process replaces the traditional way of using a check for payment. ### How Do I Know If My Check…
Data breaches have become all too common, and my husband and I recently felt this firsthand. Last year, my debit card got hacked during the Target breach, and not long after, his was compromised in the Home Depot breach. Our bank canceled our cards without much notice, which was a huge hassle, especially since we…
Until now, cannabis producers and marketers have had to rely on cash transactions because they couldn’t use the federal banking system for their business. But now, a Colorado credit union plans to change this by allowing payments for products to be made through regular banking transactions. This change would also apply to head shops, including…
Despite being home to Wall Street, a major center for global finance, nearly 13% of households in New York City don’t have a primary bank account. This figure is twice the national average. In particular, more than half of the residents in at least two neighborhoods in the Bronx are considered “unbanked,” meaning they don’t…