Banking

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...

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 Federal Deposit Insurance Corporation (FDIC) covers deposits up to $100,000, but has increased it to $250,000 through Dec 31, 2013. Because the bank itself pays the insurance "premium" to the...

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...

In the financial crisis of 2008 and 2009, bank failures became prevalent, shaking consumers' confidence and forcing the government to take action. Improper lending practices and insufficient...

The Federal Deposit Insurance Corporation (FDIC) was established in the aftermath of the Great Depression to inspire confidence in the U.S. banking system. This independent entity operates...

Most banks accept a variety of types of deposits, and the two primary categories of deposits are demand deposits and time deposits. These, in turn, come in various types. You probably already...

When maintaining an checking or savings account at a financial institution, it is necessary to deposit funds to the account to increase the balance. This can be done in a variety of ways, from in...

Bank deposit slips are pre-printed documents made available to you by your banking institution. Available for both checking and savings accounts, a deposit slip is completed by you when submitting...

Being notified that a levy is being placed on a checking account can be an upsetting and frightening experience. In this situation, it is important to understand precisely what a levy is.

During the Great Depression of the 1930s, thousands of banks failed in the United States and millions of people lost their life savings because of these bank failures. In 1933, the federal...

A bank savings account provides a safe place to store your money while earning some interest. However, with the low rates most banks are paying on traditional savings accounts, you may find...

The Federal Deposit Insurance Corporation (FDIC), is a government agency that was set up after the Great Depression. The government set limits to the amount of money that the agency would...

Not all banks are alike. Some banks are more aggressive by offering higher savings interest rates or lower lending rates. This puts some institutions at higher risk for insolvency issues if...

A bank reconciliation is the process of comparing the bank's statement of your checking account with your own records. This function is essentially the same whether performed for business accounts...

Kids learn a lot of things over the years and get to a great start in the world quite quick. A key thing though is getting them educated on there Bank Or Credit Union and what it is all about. ...

On May 21, 2009, BankUnited of Florida failed. All deposits are protected in full for this bank failure. Your full account balance, even above the FDIC $250,000 limit, was assumed by the new...

A savings bank is much like a commercial bank in its organization but is more in line with a savings association in its form of charter and operation. What is a savings bank? Where does it come...

A deposit slip is simply a small form that a bank or financial institution uses to record a deposit transaction. It includes identification information about the person or organization making the...

For the most part, internet bank accounts are paperless. ING allows you to open an account online in about five minutes. Some banks will have you fax them some signed forms to verify your...

Balancing a checkbook register is important so that you stay aware of your financial situation from month to month. It is imperative that the amount of money that you think you have and the amount...

The act of making an ATM deposit is very simple. Not every ATM is equipped to receive deposits, but this should be obvious by the presence or lack of a deposit window and envelopes. First, prepare...

Making an after hours bank deposit is easy when you know, most banks allow customers to make deposits 24 hours a day. Even if you're not comfortable using the ATM or if you don't have access to a...

Paypal is quickly becoming the preferred payment method of online businesses. It is used to send and receive money on sites such as eBay and uBid. If you are buying or selling online, getting...

Time deposits are savings accounts at a bank where the funds are unavailable for withdrawal for a predetermined period of time. In exchange for the lack of liquidity, banks offer a higher yield on...

Today not many people balance their check books because of technology and fast paced routines. Some of us have never stopped balancing our checkbooks no matter what. I am one of those people. I...

Banks that are not FDIC insured fall into two categories: international banks and scams. Every legally operated bank in the United States runs under the purvey and protection of the FDIC. If a...

An online savings account is an account that is opened and completely managed online with little or no paper transactions necessary. Online banking companies, unlike traditional banks which have...

Opening an online financial savings account in Canada is easy and convenient. All you have to do is access the website of the bank you want to open an account with, and click on the option that...

Want an easy way? Follow these steps to make sure you are in balance in your checkbook. Never have a check returned or pay outrageous NSF fees because you made an addition/subtraction error!

Recent bank failures have many of us wondering if our deposits are really safe. Here's how to ensure that your deposits are actually insured.

No matter which version of Quicken you use, you can quickly and easily balance your savings account. Make sure you have all the deposits and withdrawals correctly entered into your account before...

Many times when automatic deposits are sent to checking accounts people tend to spend the money before it even gets there. Why not send your automatic deposits to your savings account so you can...