Category: Banking
Regularly Update Your Bank Account Password: 6 Essential Tips to Keep in Mind
In today’s digital age, keeping your bank account secure is more important than ever. Your bank account is not just a place for your money; it also holds sensitive personal information. Therefore, adopting strong security measures, like regularly changing your bank account password, is essential. Here are six reasons why this should be a regular…
Explore More
Boost Your Savings with Today’s Leading CD Rates: April 18 — Earn Up To 5.75% APY
The best CD rate today is offered by Farmers Insurance Federal Credit Union, established in 1936. They’re currently providing a 3-year Variable Rate Certificate with an APY of 5.75%. To get this rate, members need to start with a minimum deposit of $1,000. Keep reading to find out more top CD rates available today. Key…
Explore More
The Timeline for Receiving Direct Deposits
In today’s fast-paced world, getting your earnings quickly and efficiently is more important than ever. Direct deposit offers a convenient solution, eliminating the need to physically deposit a paycheck at a bank. But how long does direct deposit take? Let’s find out. **How Long Does Direct Deposit Take?** Typically, direct deposits take one to three…
Explore More
Navigating the Fees for Citi® Wire Transfers
Citi® is a major player in the banking world, offering various ways for customers to send money globally. However, these services usually come with fees that differ based on the type of account you hold with Citi. Let’s break down the wire transfer options and costs by account type. ### Citi Wire Transfer Costs The…
Explore More
Boost Your Savings Exponentially with This Quick 5-Minute Action
If you keep your money in a traditional savings account, you know how slowly it grows. It can feel like watching paint dry. Luckily, this is a simple problem to fix. In fact, you could grow your savings more than 10 times faster just by making a single five-minute move. When you open a Jovia…
Explore More
Potential Challenges Facing Numerous Regional Banks
Regional banks fall somewhere between national banks and community banks. They cover more territory than community banks but are much smaller than national banks. According to FDIC call reports, U.S. regional banks have assets ranging from $10 billion to $100 billion. These banks play a crucial role in the American banking system, but they’ve faced…
Explore More
Confessions of a Bank Teller: 5 Customer Habits That Can Damage Their Accounts
According to the Federal Deposit Insurance Corporation (FDIC), about 95.5% of Americans have a checking or savings account, or both, at a credit union or a bank. Having a bank account offers several benefits, like FDIC insurance, accessibility, convenience, lower fees compared to non-banking services, and a range of other financial services. Even though many…
Explore More
Confessions of a Bank Teller: 6 Boundaries on Handling Your Money
As a bank teller, Rachael P. plays a crucial role in helping customers with their financial needs. However, she wants people to understand the real limitations of her job when it comes to handling their money. Many people think Rachael has full control over their accounts, but that’s not true. There are strict rules about…
Explore More
I’m a Bank Teller: 2 Financial Moves to Avoid Conducting Over the Internet
You can now handle almost all your banking tasks, from paying bills to getting a loan, with just a few taps on your smartphone. Given this convenience, why would anyone visit a bank branch unless absolutely necessary? While many transactions are fine to do online, Kimberlie McGee, head teller at Addition Financial in Lake Mary,…
Explore More
Understanding the Purpose and Functionality of a Checking Account
Understanding the Value of Checking Accounts ### What Is a Checking Account? A checking account is a type of bank account that allows easy access to your money, usually through a debit card. This high liquidity means you can quickly withdraw cash or make purchases. Debit cards, linked to these accounts, let you spend money…
Explore More