Is It Possible to Open a Checking Account with Poor Credit?
Can Bad Credit Prevent You from Opening a Checking Account? When it comes to opening a checking account, your credit history can play a role. Generally, the process is straightforward, but if you have a poor credit history, there are a few things to keep in mind: While a bad credit score won’t stop you…
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As a Bank Teller, Here Are 9 Compelling Reasons to Skip Requesting $2 Bills
Two-dollar bills—grandparents love giving them, and kids love receiving them. But according to bank teller Rachael P., they can be more than just a quirky gift; they can be quite annoying. Rachael, who has been a bank teller for a long time, says that nothing slows down her day more than a customer asking for…
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Understanding Cashier’s Checks: Definition, Costs, and Purchasing Guide
When you’re making big purchases or exchanging large sums of money, using a cashier’s check is often the way to go. Whether you’re renting a new apartment or buying something expensive, many businesses and individuals prefer a cashier’s check for added security and to ensure they get their money. So, what exactly is a cashier’s…
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Exploring Edward Jones’ Certificate of Deposit Offerings for July 2024
With relatively high interest rates, CDs remain appealing to many investors. Finding the best CD rates can be tedious, but if you have a brokerage account with Edward Jones, adding CDs to your portfolio is straightforward. Here’s what you need to know. **Edward Jones CD Rates** When opening a CD, it’s important to understand the…
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Navigating Student Loans: Key Repayment Challenges and Strategies to Save Money
Student loans resumed in October after a three-year break, following the Supreme Court’s decision to strike down President Joe Biden’s forgiveness program in June. Since then, many borrowers have encountered issues with their loan servicers, as highlighted in a recent Consumer Financial Protection Bureau (CFPB) report. These problems include long wait times to reach loan…
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Future Prospects for Student Loan Forgiveness in 2024
President Joe Biden’s efforts to forgive federal student loan debt have faced significant opposition from lawmakers and legal authorities. Despite this, he continues to explore debt relief options. Recently, his administration announced the elimination of approximately $1.2 billion in debt for over 150,000 borrowers enrolled in the Saving on a Valuable Education (SAVE) Plan. This…
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How Your Banking Choices Can Impact the Environment
Banks can significantly influence the environment, either positively or negatively, depending on the projects and companies they choose to support. If a bank funds projects that damage ecosystems or boost fossil fuel production, it harms the environment. Conversely, investing in sustainable, eco-friendly initiatives can lead to positive environmental outcomes. Forbright Bank is one such institution…
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Beware of This Gas Station Scheme: Identifying and Preventing Credit Card Skimmers
Credit card skimmers are sneaky devices that thieves attach to gas pumps to steal your credit card information. They can also be found at ATMs and store card readers. Here’s what you need to know about how these scams work and how to protect yourself. **Understanding Credit Card Skimmers** Credit card skimmers are small, illegal…
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Confessions of a Bank Teller: 7 Compelling Reasons to Avoid Depositing Over $10K in One Go
Handling money and deciding where to store it can be tricky. To clear things up, we spoke with bank teller Rachael P., who has a lot of experience with how people deal with their money, especially when depositing it at a bank. She advises against depositing more than $10,000 in one go. Instead, she suggests…
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Maximizing Your Chime SpotMe: A Guide to Overdrawing up to $200
Nobody likes paying bank fees or losing hard-earned money to unexpected charges. Even though technology makes it easier to manage our finances, our cash flow can still vary, leading to overdrafts. In 2022, American consumers paid over $7.7 billion in overdraft and insufficient fund fees, with banks reporting $11-12 billion in revenue from these charges.…
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