Banking

The advent of automatic drafts from your bank account to pay bills is a time-saver and often helps prevent bills from going unpaid due to oversight. However, what should you do to stop a draft...

Cashing a check written for more than $10,000 does take extra steps compared with cashing a smaller check. If you have a good relationship with your personal bank, they may be able to assist you,...

Bank accounts are lost and unclaimed for a variety of reasons, and this means that there are millions of unspoken-for dollars out there. Sometimes, family members will open a savings account for a...

Money orders provide an easy way for people to send money through the mail. People in the United States can cash a postal service money order at any post office or bank. While a bank or a check...

Bank account owners often initiate bank drafts to handle bills and other daily activities. Bank drafts are a way to transfer money from one bank to another to be applied to an account or debt that...

Technically a checking account is free if it does not have any regular monthly service charge, but that does not mean you won't see charges from the bank on your statement. There are often certain...

According to the Uniform Commercial Code, a bank is not obligated to make payment on a stale-dated check--or a check that is presented more than six months after the date indicated on the check....

Switching bank accounts is a fairly straightforward project--but the amount of detail-oriented work involved can quickly become a hassle for anyone. Getting better interest rates, lower fees and...

Many parents choose to start a savings account for their children as a way of helping them learn how to manage money throughout their early years and become personally involved in and responsible...

Although PayPal offers a method of direct deposit from the available funds in your account to your bank account, some people would prefer to have a paper trail. So they request a check be mailed....

CD stands for certificate of deposit, an account that offers a fixed interest rate but requires that the money be left in the account for a certain amount of time. You can either purchase a CD...

A certificate of deposit, or CD, is one of the safest places to keep your money as long as you know a bit about how it works. Banks and credit unions issue most CD's. Deposits in a bank are...

The turmoil in the world economy, and the staggering losses inflicted by a falling stock market have left many people looking for safer alternatives for their savings. When it comes to short-term...

A bank account sort code is a number used by banks based in the United Kingdom to identify which bank the account is handled by. Though you could go into your local branch and ask the teller to...

Paypal is a great way to make payments for many online items. But using online banking can be dangerous. Here is how to keep money secure with Paypal.

The ABA routing number refers to a series of numbers that is required to appear at the bottom of a check. ABA stands for American Bankers Association, the organization that developed and manages...

Banks often hold information about your identity, such as your Social Security number and driver's license information as well as how much money you deposit from your employer, how much money you...

Using a computer to transfer money from one bank to another is easy and efficient. It may take a few days for your banks to process your requests for online account access and grant you the...

Certified checks are a type of monetary instrument written from an account held by a bank or other financial institution on your behalf that can be used to pay a third party. While certified...

A check is a type of financial instrument that is written out to another party as a payment for goods or services. When the check is presented to a bank, the amount of money indicated on the check...

If you notice fraud on your checking account, it is vital that you report it to your bank as soon as possible. In an MSNBC article, Banker's Online editor John Burnett noted, "When it's an...

Bank of America World Points is an easy way to earn freebies from hundreds of participating vendors and service providers. For every dollar you spend using your Bank of America card, you can earn...

Accidents happen. We have all forgotten a latte we purchased, a $20 ATM withdrawal or to make an account transfer. Unfortunately, sometimes these oversights lead to costly returned-check fees. But...

FDIC stands for Federal Deposit Insurance Corp., which covers certain bank accounts in case the bank fails. The FDIC was founded in 1933 to restore confidence in the banking system.

Debit cards are becoming increasingly popular; most bank ATM cards also function as debit cards. Debit cards can help you control your spending because, unlike with a credit card, with a debit...

Many people purchase a bank cashier's check to either pay for high-value items or other important financial transactions. Often, the reason someone purchases a cashier's check is to reassure a...

Those handy little credit and debit cards sure do see a lot of use, especially around the holidays! Yet an over worked credit card can leave you with more than a smaller bank account, and it can...

When subscribing to services or products that require a monthly payment, it can sometimes be a hassle to keep contacting the service provider each month to make your payment. If you are like many...

A certificate of deposit, or CD, is a bank account that offers a fixed rate of interest for a fixed period of time, but you usually cannot remove your money before the certificate of deposit...

Most people never intend to write checks for which they do not have the funds in their bank account to cover. Sometimes, after unforeseen events that require immediate payment such as a car...

Learning the ins and outs of banking is a valuable asset to people as they become adults. Once you open a checking or savings account, you will at some point need to deposit cash or checks into...

The debit card is the checking account equivalent of the credit card. A debit card works in the exact same way as a credit card, by swiping the plastic through the card reader and approving the...

Dollar Bank is a regional bank, serving customers in Ohio and Pennsylvania. Although Dollar Bank is not an online bank, they do offer new customers the option to open a checking account over the...

There are many different types of bank accounts. Each differs in several ways, sometimes making it necessary to have more than one. The two main types, savings and checking, offer most of the...

ING Direct is an online bank that offers electronic checking accounts. ING's "Electric Orange" checking account is completely electronic and paperless; your initial deposit is funded by an online...

A hold on a banking account occurs when a bank receives a charge from a debit card or check that has not been paid out yet. A hold on an account can create a disparity between the account's...

Internet banking is the result of combining technology and traditional bank services through websites that customers use to access their bank accounts. It provides several benefits for customers...

Bank fraud, often tied to identity theft, is becoming more prevalent as technology provides more sophisticated methods of financial access. Protect yourself by keeping your banking information,...

A check is a monetary instrument that is presented to a person or business for payment. If a check cannot be collected or cashed for any reason, it is considered a bad check.

A frozen bank account can be the result of a number of different legal acts. Most frozen accounts, however, are due to unpaid judgments, collections, charge-offs, medical bills, IRS taxes, liens,...

Picking the right bank can be a difficult choice. Many banks don't like to reveal all their hidden fees and charges.

The need to avoid unnecessary charges and penalties when using the ATM. The importance of ensuring personal safety and making sure that customer account information are not exposed.

Business checking accounts serve many purposes. For those who are self-employed, these accounts give legitimacy to their businesses. Businesses can route their gross receipts through a business...

Once in awhile, an occasion may arise that requires you to transfer bank funds. Some of the most common transfers occur between checking and savings accounts, however there are many kinds of...

Banking in the United States subjects the bank account to specific regulations from the Federal and State government. If you have a bank account, the Unlawful Internet Gambling Enforcement Act...

Balancing a bank statement means proving your checkbook records agree with the bank's records of your checking account. It helps prevent overdrafts, catches bank errors, encourages budgeting, and...

We all know about those bank robbers with their masks and demanding money from a teller but how about those customer-robbing bankers? It is a disgrace that the banks charge a ridiculous amount of...

You put a lot of faith into your bank, and the last thing that you want is to be slapped in the face with an overdraft charge, ATM fee, or service fee. Although banks are also businesses and need...

Cashing a bounced check seems impossible right, wrong. I discovered a way to cash a previously bounced check and I will tell you how I did it and you can too.

When you get a check from someone you are not familiar with it is important to make sure the check is good and will not bounce.