Category: Banking
Understanding Bank Statements: A Comprehensive Guide
A bank statement lists all the activities affecting your account over the past month. It shows your balance at the beginning and end of the period and includes important details like your account number and the bank’s contact information. Reviewing your statements helps you keep track of your savings and spending and watch for fraud.…
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A Step-by-Step Guide to Ordering Checks from Bank of America
Checks aren’t as popular as they used to be, but if you’re still using them, it’s good to know how to order more so you don’t run out. You can order checks from various online printers, but if you have a Bank of America account, you might be able to get standard checks for free.…
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Navigating the Competitive Terrain: Insights from Ally Bank’s Andrea Brimmer on the Live Richer Podcast, Season 3, Episode 5
Professional career growth often starts with a journey of self-discovery, where you take a deep look at yourself to set the stage for embracing new challenges and exploring new paths. In this episode of the Live Richer Podcast, Andrea Brimmer, the Chief Marketing Officer of Ally Bank, talks about her unexpected journey to becoming a…
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Understanding Joint Bank Accounts: Their Functions and Benefits
If you’re planning to get married or have already done so, you might be considering opening a joint bank account. Joint bank accounts let you combine your finances into one account, sharing both the responsibilities and benefits of managing your money together. While joint accounts are similar to individual accounts, there are some key differences…
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Maximize Your Savings: Understanding the Benefits and Mechanics of High Yield Savings Accounts
High-yield savings accounts are an excellent option for storing your money, often replacing traditional savings accounts for savvy investors. These accounts offer the same FDIC insurance as traditional ones but with interest rates up to 10 times higher. Whether you’re building an emergency fund or saving for a short-term goal like a house down payment,…
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Demystifying Bank Routing Numbers: Their Purpose and Where to Locate Them
In today’s era of electronic banking, you often need your bank’s ABA routing number, account number, or check numbers for tasks like filling out direct deposit forms or setting up money transfers. These numbers help distinguish one bank from another. Large banks might have different routing numbers for each state where they have branches, and…
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How About Banking with an Unknown Institution?
The United States is home to over 4,000 banks. While you’re likely familiar with big names like Chase and Bank of America, there are many smaller, newer banks you might not know about. As you explore banking options, you might wonder if it’s safe to trust a bank you’ve never heard of. This is a…
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5 Elite Checking Accounts Preferred by the Ultra Wealthy, According to Financial Gurus
Does it matter where you store your money? If you’re in the upper class, it certainly does. Certain banks and checking accounts offer perks and security that standard accounts can’t match. This higher level of service is what the wealthy seek when choosing where to put their money. Let’s explore where the rich prefer to…
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A Comprehensive Guide to Fifth Third Bank’s Operating Hours and Locations in 2024
Fifth Third Bank, based in Cincinnati, has a long history dating back to 1858 when Fifth National Bank merged with Third National Bank. Today, it boasts $213 billion in assets and operates nearly 1,100 branches across several states, including Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee, and West Virginia. One…
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Earn 11 Times the Average Interest and Support Eco-Friendly Initiatives with This Bank
These days, Americans have plenty of high-yield savings accounts to choose from, thanks to the Federal Reserve’s interest-rate hikes that have pushed savings account rates to their highest levels in over 20 years. The national average interest rate on a savings account is currently 0.45% APY, which is much better than a decade ago, but…
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