Banking Articles
Online Banking
What Is Online Banking?
When compared to traditional brick-and-mortar financial institutions, online banking provides all the familiar banking services and more. No longer are consumers relegated to banker's hours and getting in line with a dozen other people during a lunch...
Advantage And Disadvantage Of Internet Banking
When it comes to Internet banking there are literally no disadvantages. Seriously, sometimes a technology comes along that every single citizen in the world should embrace as part of their daily lives. Just like automobiles and telephones, Internet b...
A Quick Look at Internet Banks
Given the rapid evolution of the electronic economy, it's not surprising that Internet banks have been popping up recently. In some cases, these are logical extensions of services already offered by financial institutions with a strong online presenc...
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Savings Accounts
How To Manage A Savings Account
For most consumers, their first foray into managing a savings account began when they were children. Parents will often take their child to their local bank or credit union and open a passbook savings account and make a small initial deposit. Kids ar...
Savings and Checking Accounts - Is Linking the Two a Good Idea?
You call the bank everyday in order to mentally reconcile your bank account. You never create a monthly budget because you don't want to feel restricted and tied down. Besides, you make enough money, why should you have to budget? You walk into the g...
Living Without Savings Accounts and Checking Accounts
Nearly 8% of US households do not have checking or saving accounts at a bank or credit union. Almost 18% of households do have a checking or savings account, but that's pretty much where their access to banking ends. These are the individuals who re...
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Checking Accounts
How to Change to a New Checking Account
Opening a new checking account and moving all of you existing financial relationships can be a problem. It takes a lot of time and you're sure to miss something meaning late payments and credit report issues. There are some basic steps you can take...
What Features Should You Look For When Opening A Checking Account?
Competition and advancements in technology mean there are many more features available today than ever before when opening a checking account. Banks and credit unions are continually competing for customers and as such they offer many different value...
What Is Overdraft Protection?
Consumer checking accounts have been in existence for a long time. During this period, technology based innovation has provided many new value-added features for checking accounts like debit cards and online bill paying. One of these benefits has bee...
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Debit Cards
What Is A Debit Card?
A debit card, sometimes referred to as a check card, allows consumers to access funds in a checking account without having to use cash or write a check. For many consumers who are unable to qualify for a traditional credit card, a debit card offers i...
Why Do Businesses Accept Both Credit And Debit Cards?
The days of consumers pulling out a wad of cash or upsetting others in line by writing a personal check have long since passed into the annals of history. Today's retail establishments are all about consumer convenience, minimizing fraud and leveragi...
Do Debit Cards Help Build Credit?
The short answer to this question is: No, debit cards do not help build credit. Debit cards are best considered a hybrid between ATM cards and more traditional credit cards. The fact that debit cards don't build credit does not mean they are not wort...
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Paypal
How To Put Money In A PayPal Account
PayPal is a financial organization which allows individual account holders to transfer money between themselves or to pay and receive payment for products and services. Whether you are depositing money into your own personal account or paying for a p...
Can I Use A Credit Card With PayPal?
The primary purpose of PayPal is to facilitate the transfer of funds between entities using electronic means and to make the transfers both fast and easy. PayPal currently has over 230 million accounts by users operating in 190 different markets arou...
What Is A PayPal Account?
A PayPal account is similar to other financial accounts such as checking and savings in that it allows funds to be deposited or withdrawn and can be used to make or receive payments online. Once an account has been created, funds can be deposited and...
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Banking Basics
5 Reasons Why Cash Is Still King
Technological advancements have been great for bringing online shopping to the forefront and providing an increased number of payment options for consumers in general. It would be reasonable to think that between credit cards, debit cards, PayPal acc...
Are Safety Deposit Boxes Really Secure?
Banks and credit unions throughout the nation normally provide safety deposit boxes to their customers in at least one location. This is primarily because safety deposit boxes are located inside vaults which require a minimum amount of space. If you ...
What Is A Wire Transfer?
A wire transfer is the movement of funds between two financial accounts. Depending on the service used, it can be a near instantaneous or take a few days to process a wire transaction. There are a number of different organizations which are public, p...
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