Banking/Loans Sitemap - Page 1 2016-09-26
Sending Goods and Documents
Learn how a letter of credit works with a visual step by step tutorial.
Letter of Credit Example - How Money and Documents Move
LOCs are complicated. The easiest way to understand how they work is to see an example. This tutorial shows how a letter of credit works step-by-step.
Let's do This!
Learn how a letter of credit works with a visual step by step tutorial.
Issuing the LOC
Learn how a letter of credit works with a visual step by step tutorial.
Payment and Shipment Arrive
Learn how a letter of credit works with a visual step by step tutorial.
How To Write A Check - Step-by-Step Explanation
See an example of how to write a check, including an explanation of each step. After you write the check, keep a record of the payment.
Write a Check with Dollars and Cents - Example
See how to write a check, including how to write the number of cents correctly. How to write cents on a check - complete with an example.
What You Need to Know Before You Get a Mortgage
If you're considering a home purchase in the near future - or within a few years - you should brush up on your mortgage knowledge. Learn what to do before applying for a mortgage, what to watch for during the process, and how to use a mortgage after you've bought your home.
How to Calculate Annual Percentage Rate (APR)
Annual Percentage Rate (APR) shows the total cost of a loan. See how to calculate APR with spreadsheets like Excel, or calculate by hand.
How to Pay With your Mobile Phone
Ready to make payments with your mobile phone? You'll need the right device, a mobile wallet, and a merchant that can play along.
Calculate Interest You Pay - Interest Cost Calculations
When you pay interest, you pay a fee for using somebody else’s money. In addition to returning their money, you pay a little extra. Knowing how to calculate interest helps you understand what it costs to borrow and it makes it easier to choose the best loan.
How Money Orders Work: Tips for Payments
How money orders work, and the pros and cons of this payment option. Whether you’re buying or selling, money orders can be used like checks.
How to Safely Withdraw Cash at an ATM
Stay how to stay safe when you get cash from an ATM. These tips, along with your common sense, will help you avoid most problems.
Where to Get Money Orders. Tips for Buying
You can get money orders at post offices, retail stores, banks, and credit unions. See the pros and cons of each option.
How to Use an ATM
Has it been a while since you used an ATM (or perhaps it's your first time)? We'll have you up and running in no time. See how to use an ATM to do what you need to do.
Check Amounts Don't Match - Words vs Numbers
The amount of a check should be written two ways to avoid confusion. First, the amount is entered using numerical digits. Next, the amount is written out using words. What happens when these amounts don't match? You've got a problem.
ABA Number on a Check
See where to find your bank's ABA number on a check.
Parts of a Check - The Fractional Number
Your bank's fractional number is usually located towards the upper right of a personal check. This number is rarely used these days.
Date Line on a Check
Where to enter the date on a personal check.
What the Different Parts of a Check Mean
Learn all of the parts on a check, and what they're used for. Find out what those numbers on your check mean, and how best to fill in a blank check.
Your Account Number on a Check
See where to find your account number on a sample check.
Check Number on a Check
See where the check number is printed on a sample check.
Personal Information - Parts of a Check
See where your personal information appears on a check.
Payee Line - Parts of a Check
The payee line on a sample check. Describes who will receive the funds.
The Dollar Box - Parts of a Check
The dollar box on a sample check. Shows the amount of the check using numbers.
Amount of a Check Written out with Words
See where to write out the amount of a check using words instead of numbers.
The Parts of a Check - The Memo Line
Where to find the memo line on a sample check, and how to use this space. Sometimes it's nice to know more about a check - what the money was for and so on.
Signature Line on a Check
See where to sign a personal check.
Bank Contact Information on a Check
Your bank information appears on every check, and may include an address, phone number, or logo.
Where to Open your HSA: Goals and Features
Choosing the right HSA means looking at several factors: how you'll use the account and the features of each one.
IRA Loans - What Are the Options?
The IRS generally does not allow you to borrow from an IRA, but there are other (similar) ways to get funds.
Overview of IRAs (Individual Retirement Account)
We'll cover some of the basic IRA material that you need to know, and you can work your way toward your retirement goals.
How FDIC Insurance Works (And What's not Covered)
FDIC insurance can protect you if your bank goes belly-up. Learn how it works, how you're protected, and what's not covered.
Family Loans: How to Borrow and Lend with Family
A family loan makes approval fast and easy, and it might make financial sense for everybody involved. See how to make your loan a success.
CD Penalties: How They Work and How to Avoid Paying
Banks charge penalties for early withdrawals from CDs. See how they work and how to avoid paying those charges.
How to Build Equity (and What that Means)
You've heard that you should build equity, but what does that mean? Over time, your home becomes a valuable asset. See how to speed the process.
Top 4 Reasons for Using Online Banks
Are you skeptical of online banking? Here are 4 reasons why you should use online banks today.
Basics of Brokered CDs - How to Buy - What to Watch
It’s important that you understand how to buy brokered CDs, how you’re paying for them, and what to watch out for.
Beneficiary - Definition and Types
A beneficiary receives assets when somebody dies. See why your choice is important and learn more.
What Is a Bank Failure, and What Happens to Your Money?
Banks are the safest place to keep your cash. Nevertheless, bank failures happen from time to time. Here's a look at what causes bank failures.
Appraisal Fees: What you're Paying for and Why
An appraisal fee pays for a professional appraiser to visit a home, evaluate the condition and features, and provide an estimate of the market value.
How to Get Preapproved for a Loan - What do You Need?
Learn how to get preapproved for a loan. You need to know how much you can truly borrow and what it will cost. Here's how to find out.
Basics of Loan Preapproval: Should You Get Preapproved?
Experts suggest that you get preapproved for a loan before making a purchase. But what does that mean, and why is it important?
Consolidation Loan or Balance Transfer? Pros and Cons
You've got several options when managing debt. See how balance transfers compare to debt consolidation loans (and personal loans).
How Compound Interest Works and How to Calculate
See how compound interest affects you as a saver or borrower, and learn how to calculate interest (using a formula or spreadsheet).
A Review of the Basics of MyCheckFree Bill Pay
MyCheckFree is a free service allowing you to pay bills online. Instead of sending checks to service providers, you make payments through MyCheckFree.
Online Banking: How to Start, What to do Online
There are easy ways to get into online banking, and you can do a lot once you're up and running. See how to use your account.
Business Loans: How to Borrow from Banks & Others
See how to get a business loan from banks, credit unions, and online lenders. Preparation is the key to getting approved.
CD Investing: How to Grow your Cash Safely
CDs are safe investments that usually pay more than savings accounts. See how they work and how to use them.
A Complete Guide to Bank Checks
Find everything you need to know about bank checks, such as how and where to order them, write them and deposit them in the bank or use alternatives.
Square Cash Review: Send & Recieve Money
Square Cash is a simple and cheap way to send money. See the pros and cons for businesses and individuals.
How and Where to Deposit Cash
Got cash? Learn how to deposit it into your bank account (with a few extra tips).
Using a Voided Check: How to Do It
To void a check, write the word
Graduate Student Loans - Postgraduate Funding Options
Graduate students have only a few options when it comes to loans. Learn what they are and which ones might work for you.
MP - Microprinting on Checks & Other Places
Microprinting is tiny letters printed on official documents. Checks showing
How to Use a Debit Card
Get a few pointers on how to use a debit card. You'll be a pro in no time.
Basic Information on How Student Loans Work
See how to use student loans to pay for college or graduate school. Learn about the loans available and the process of borrowing.
Immediate Annuity - Definition and Explanation
An immediate annuity makes income payments immediately or very soon after purchase. Learn about using these annuities.
From Paper Check to Electronic Payment
Electronic checks move money from one checking account to another - just like traditional checks - resulting in faster payment and lower costs.
Substitute Checks Under Check 21
A substitute check is a special image of a check that banks use to process payments.
What Is the Definition of a Check Card?
What is the definition of a check card? Learn the pros and cons of check cards and how they differ from other methods of payment, with this review.
How Free Credit Scores Work & How to get Real Scores
Free credit scores are often promised but rarely delivered. Find out how to get a truly free score that's actually useful.
Overview of How U.S. Savings Bonds Work
Savings bonds used to be a major offering at banks and credit unions. Now, you can still redeem bonds at the bank, but you can't buy them there anymore. What are savings bonds all about? This page takes you through the basics, how they’re used, and how you can get detailed information about savings bonds. We'll cover the advantages and disadvantages of savings bonds, and how you can buy them.
Savings Bonds - Risks and Pitfalls of Savings Bonds
Savings bonds can be a great way to accumulate money. However, there are some pitfalls and disadvantages of US savings bonds. This page gives you an idea of what to watch out for. Page 2.
How to Buy US Savings Bonds
Learn how to buy US Savings Bonds. After 2012, the Treasury stopped offering Savings Bonds in paper form, but you can still purchase bonds and give them as gifts. See how it works. Page 3.
Money Market Funds Overview - Risk and Benefits
Money market funds are a popular cash management tool. Before you use money market funds, make sure you know what they are, how they work, and what risks you might be taking. We'll also cover some of the best places to find money market funds.
How the Mortgage Interest Tax Deduction Works
Interest on your mortgage may be deductible, but many don't get to deduct as much as they'd like. See what to expect.
Cash Title Loans - Fast Facts About Cash Title Loans
Cash title loans are short term loans that allow you to pledge title to an asset in exchange for cash. The most common cash title loan is a car title loan. Before you use a cash title loan, make sure you know the pitfalls.
Co-Signing - How to Find a Co-Signer
If you apply for a loan and don't qualify, you may need a co-signer. Adding that person's strong credit or income may help you get approved.
How to Fix Errors in Your Credit Report
Mistakes happen, but it's important to fix errors in your credit reports as soon as possible. Find out how to do it by contacting the credit bureaus.
The Most Common Government Loan Programs
Government-backed loans are easier to qualify for and they offer competitive rates. Learn about popular loan programs.
When You Need Money - Cures for the I Need Money Blues
At some point in our lives, we all reach the point where we say “I need money”. If you’re at that point, here are some ideas. We'll cover borrowing for the short-term, as well as earning more and spending less for long-term success.
Credit Scores Lead to Low (or High) Insurance Premiums
Your credit history is important to your financial life in many ways. Insurance scores, based on credit related information, can save you money or cost you a bundle. Find out what insurance scores are, how they work, and what you can do about them.
Insurance Scores FAQ - How Credit Based Insurance Scores Work
Your credit history is important to your financial life in many ways. Insurance scores, based on credit related information, can save you money or cost you a bundle. Find out the details on what insurance scores are, how insurance they work, and what you can do about them. Page 2.
Simple Interest - Calculate and Understand how it Works
Learn how simple interest works and how to calculate it - with and without the help of calculators.
How Do FHA Loans Work? (Pros and Cons)
FHA loans are appealing for several reasons, but they're not perfect. These loans allow you to buy with a small down payment, and they're easier to qualify for. Find out how they work.
FHA Home Loans Aren't Perfect - Challenges of Using FHA
FHA home loans are not perfect for all borrowers. Of course, they make home ownership a reality for a number of buyers. In fact, they’re the perfect choice for buyers with a certain profile – who might otherwise be forced to rely on predatory lenders. However, FHA home loans have some drawbacks that you just need to be aware of.
Mortgage Help - Options and Mortgage Help Programs
Since the mortgage crisis boiled to a head in 2008, several mortgage help programs were put in place to help homeowners avoid foreclosure.
What is a Bank Run & Why does it Happen?
Bank runs occur when customers flock to the bank to grab their cash. They are caused by a fear that the bank will fail before customers can get their assets out. Here's a look at how bank runs work and why they happen.
Car Payment Calculator - A Free Online Calculator With Amortization Table
How much will your car payments be if you buy that new auto? Use the car payment calculator to find out. See every monthly payment along with interest costs, and find out how much you'll owe at any given time.
APR Calculator - A Free Online Tool to Evaluate Loans
Want to know how one loan compares to another? Use the APR calculator to find the annual percentage rate (APR) of a loan.
How to Cash a Check
Instructions for cashing a check: where to go, what to watch out for, and alternatives to getting cash right away.
Tips for Making ATM Deposits Without Slips or Envelopes
ATM deposit envelopes are a thing of the past — learn 3 tips about automated teller machine scanning technology that makes banking and life easier.
Money Order vs. Cashier's Check: Limits, Cost, and More
Compare the features of cashier's checks and money orders, including how banks handle them, where to buy, maximum limits, and more.
Spreadsheet Loan Calculation Tips (Loan Amortization)
RUse Excel and other spreadsheets to easily build a model of your loan. See how loans get paid down (amortization): mortgages, auto loans, and more.
Make your PIN Secure and Easy to Use
Can you have a PIN that's both secure and easy to use? These tips show you how to create (and even store) great PIN numbers.
Bank of America - An Overview of its History and Operations
As you evaluate banks, learn more about what Bank of America, its history, its direction, an innovative program and what it can objectively offer you.
How to Write Out Numbers Using Words - Tips and Conversion Tool
This tool shows you how to write out numbers using words, and you'll find tips on how to get things down properly. Written words can be more clear than numerals.
ATMs Use Biometrics to Fight Fraud
No PIN? No Problem. ATMs with biometric scanners can verify your identity and reduce fraud.
Calculate Interest on Savings - Formulas and Tips
See how to calculate interest earned in a savings account, including tips for compound interest. Formulas for working by hand or spreadsheet.
How to Sell a Financed Car: Payoff and Title
If you need to sell a car that you still owe money on, you'll need to pay off the loan during (or before) the sale to get a clear title.
Why Interest Rates Differ From Bank to Bank
Bank interest rates are different depending on where you bank and when. Learn what drives rates so you can get the best rates available for your money.
Debt & Divorce - What to Expect & How to Protect
What happens to debt after divorce? Lenders might hold you responsible for joint debts like auto loans. See how to protect yourself.
How to Switch Banks - A Checklist of What to Do
It may be time to switch banks for any number of reasons. Where to you start? Use this process to change from one bank to another without missing anything.
How to Get a Loan from Banks and Online Lenders
Learn what it takes to get a loan: how to borrow from start to finish, using banks, credit unions, or online lenders.
Advantages of Federal Student Loans - Why Start with Government Loans?
When borrowing for college, federal student loans are often your best choice. Why? Loans offered by the government have certain advantages. Learn why you should use federal student loans before using private loans.
How to Get a Student Loan - Options & Where to Start
Learn how to get a student loan, what your options are, and what you need to know before you commit.
Get a Student Loan Without a Cosigner
It's not easy to get a student loan without a cosigner, but it can be done. Learn how to get started and what to do if you get turned away.
Counter Checks - Pick up Checks at the Branch
Counter checks get you through those times when you need one more check - right now. See how they work.
3 Ways to Increase Your Bank Account
Increase your account balance so you've got security: absorb shocks with a healthy bank balance and make progress towards your goals.
Business Bank Account Risks – No Consumer Protection
What happens if thieves get into your business bank accounts? In many cases, you're on your own.
Just Married? Change your Name on Bank Accounts
See how to change your name after marriage, and why it's a good idea to do it quickly.
Bank of America Has Improved the ATM Deposit Experience
Bank of America already offered an advanced ATM deposit system, but over the years it has made the ATM experience even more customer-friendly.
Is Online Banking Safe? Security of Internet & Apps
Online banking security is quite good, but your actions still matter. See how to be safe online (and benefit from internet banking).
How to Make (& Receive) Payments Anonymously - Banking
Don't want to share your identity every time you make a payment? Certain types of bank accounts can help you stay (more or less) anonymous.
Should you Text with your Bank?
Text messages and alerts give you quick access to your bank account. Read about the pros and cons of these services.
Bank Scams: Temptation of Easy Money
How do con artists trick you into draining your bank account? With the promise of easy money.
Is it Safe to Bank on Wi-Fi? Hotels, Cafes, & Home
Using Wi-Fi in public places and hotel rooms, especially for banking, can be risky. Find out how to do it safely.
Some banks accept coin deposits, and you might even be able to turn the coins into larger bills (possibly via Coinstar).
Payment Methods for Safe Online Shopping
How should you pay when you shop online: credit card, PayPal (or similar), or debit card? See the pros and cons of each payment method.
Cheapest Ways to Send Money - Send Without Spending
Need to send money without breaking the bank? Here are the cheapest ways to get funds to another person.
We Finance Anybody (How BHPH Really Works)
Ever seen the car lots that promise to approve
Voluntary Repossession: Lower Cost, Less Chaos
A voluntary repossession can help you save money and heartache. Learn how it works before handing over those keys and going without a car.
Facebook Messenger Payments - Send and Receive Money
Facebook Messenger allows you to send and receive money. Find out how it works.
Safety Deposit Boxes
Learn how safe deposit boxes work and how to use them. Keep your valuables and documents safe your bank or credit union.
When Somebody Else uses a Credit Card (Yours or Theirs)
It's not uncommon to use somebody else's credit card (or to let somebody use yours), but it's risky. Debit and credit card issuers frown on the practice.
Warning Signs of Money Scams
Want to know how to spot a scam? Sometimes it's easy. Look for these red flags and warning signs for scams and online fraud.
Pros and Cons of Debit Cards (and Credit Cards)
Should you use a debit card or a credit card for everyday spending? See the pros and cons of each.
3 Ways to Get Out of a Title Loan (or Pay it Off)
You've got options for paying off title loan debt. Find out how to move forward.
How to Get out of Payday Loan Debt
Ready to get out of payday loan debt? See how to pull it off.
All About Down Payments - Basics, Pros & Cons
A down payment gets your purchase (and loan) started. See how it affects everything.
How do Balloon Loans Work? What are they Used For?
Balloon loans end with a large payment (the balloon payment) when the loan comes due. Find out how they work and how to get out of them.
Cancel a Lost, Stolen, or Unused Cashier's Check
See how to cancel a cashier's check that's gone missing or is no longer needed. Your next steps depend on whether or not you still have the check
Single-Close or Multiple Construction Loans?
Construction loans come in two forms: a single-closing loan or a construction-only loan (that you'll pay off when building is completed). Which is best?
How to Read a Check: What a Check Shows You
Learn how to read a check and find important information.
How to Read a Check: What a Check Shows You
Learn how to read a check and find important information.
How to Read a Check: What a Check Shows You
Learn how to read a check and find important information.
SMiShing Scams - Text Message SMiShing Scams
SMiShing scams are similar to phishing scams. You get a message from a bank or service provider asking you to do something. However, the SMiShing is really a message from a scam artist. While most people are familiar with email phishing scams, they're less skeptical when receiving SMiShing messages.
Private Student Loan Overview - Compare and Contrast With Government Loans
When borrowing for education, you can use private student loans and federal student loans. Each type of loan comes with tradeoffs. Learn how private student loans work and how they’re different from loans offered through government programs.
Debit vs Credit Cards in Everyday Life
When you use plastic, you've got to choose between debit vs credit. Like all things in life, the debit vs credit decision involves tradeoffs.
How Prosper.com Loans Work (For Borrowers)
See the pros and cons of borrowing at Prosper.com, and learn what to expect in the process.
Cosigning a Loan for Somebody? What you Need to Know
Cosigning can help somebody else get a loan, but it's risky. Find out what's at stake and how to minimize your risks.
What Is Refinancing? Definition and Examples
Refinancing means replacing an existing loan with a new (hopefully better) loan. See the pros and cons of refinancing debt.
What to Expect From Credit.com - A Review
A review of Credit.com, one of the most popular websites for learning about your credit. Learn about the quality and people of Credit.com.
Stop Payment: What does it Mean & Does it Work?
A stop payment request means your bank should not pay on a check you've written. Learn how it works (and how it doesn't).
Skimming Scams: What to Watch For and How they Work
Card skimmers steal your credit or debit card information. Thieves can make payments, and possibly even withdraw cash if they capture your PIN.
How to Tell Which Banks are Safest (Credit Unions Too)
If you want the safest bank for your savings, start with government-backed insurance. Then, look at the bank's financial strength.
How Remote Deposit Capture Works
Remote deposit is a way to process payments without sending checks to the bank. With remote deposit, you can scan an image of a check.
Payday Loans: How they Work
Payday loans are short-term loans that are easy to get, but they are often expensive. Find out what to expect and see alternatives.
Why Pay off Loans Early? Savings and Peace of Mind
Does it make sense to pay loans off early? There are a few good reasons to do it, but make sure it'll work out the way you expected.
Notary Fees: How Much Should you Pay?
Explanation of notary fees: documents need to be notarized to ensure that signatures are valid. Notarizing mortgage docs is especially expensive.
What Is Microlending? Definition and Examples
What is the definition of microlending? Find out the practice of granting small loans to those in need and more.
Loan Terms: Time Period and Specifics of a Loan
A loan's term can refer to the length of time that you have to repay, or other features that you agree to when you get approved.
Borrowing Money at Lending Club - What to Expect
Lending Club is a leading peer to peer lending service. If you're thinking of borrowing, see what to expect before you go through the process.
Accepting a Credit Limit Increase: Often a Good Idea
Is there any harm in accepting a credit limit increase? It depends on what your lender is offering, and if you need to
How & Where to Deposit Checks
See how to deposit checks so you can spend that money: where to go, what you need to do, and what to bring. Plus options for self-service deposits.
Notarized Documents: What they are and How to Get One
A notarized document must be signed in front of a notary public. Learn more about the process. See how and where to get a letter notarized.
How Much Should You Keep in Checking and Savings?
It's nice to have cash handy. But you should be smart about your money. This is how much you should keep in checking and savings.
Bad Checks can Land you on a List
ChexSystems and other databases keep a list of people who bounce checks and go negative in their checking accounts.
What Is a Bank Draft? How they're Used
A bank draft is a check drawn on a bank's funds, making them
Where and How to Find the Best CD Rates
Certificates of Deposit (CD’s) are one of the safest investment vehicles out there. Learn how they work, how to get the best CD rates, and what pitfalls to watch out for. Page 2 -
CD Strategy - Align your Money and your Goals
Add some strategy to your CD investments. Set things up so your money matches your goals using ladders, barbells, and more.
Bank Levies: How they Work, How to Stop Them
Bank levies allow creditors to take funds directly from a bank account. See how they work and how they can be prevented (or at least limited).
Bad Checks: Explanation & What Happens
A bad check is a check that can't be paid because the checkwriter does not have enough money. Find out what happens with bad checks.
What Determines Bank CD Rates?
Why do bank CD rates go up or down, and why do some banks offer more than others? Find out what drives rates and how to get the best rates.
GMAC Bank Historical Review (Now Ally)
GMAC Bank, part of the General Motors organization, has an online savings account worthy of review. GMAC Bank raves about how they keep costs low and pass the savings on to you. This page is a GMAC Bank Money Market Savings Account review.
What Is an Interest Checking Account?
Interest checking accounts allow you to earn interest on easily accessible cash. Learn where to open one, and see if there are better options.
How Does a Certificate of Deposit (CD) Work?
Certificates of Deposit (CDs) are one of the safest investment options available. Find out how they work and maximize your earnings at the bank.
CD Maturities: Overview, Options, and Next Steps
See how CD maturity works, what to expect when you buy a CD, and what you need to do when your CD maturity date comes up.
How to Make ATM Deposits to Your Bank Account
ATM deposits can make your life easier. Find out how to make a deposit, what you'll need, and what the potential problems are with this article.
What to do About Returned Checks - Fix and Prevent
A returned check is a check that the bank does not honor. Find out what to do with these checks and how to prevent them.
Certificates of Deposit - CD Basics - Investor Pitfalls
Certificates of Deposit (CDs) are one of the safest investment vehicles out there. Learn how they work, how to get the best CD rates, and what pitfalls to watch out for. Page 3 -
CDARS - Maximize FDIC Coverage
CDARS stands for Certificate of Deposit Account Registry Service. CDARS is a program that allows you to spread your money among various banks, usually to stay below FDIC insurance limits at any given bank. CDARS is a way to have somebody else manage the risk of bank failures for you.
CD Tax - Do I Pay Tax on CD Interest or Maturity?
Certificates of deposit (CDs) are safe investments that pay interest. See how and why you pay taxes on CD earnings (or if you don't have to pay).
Check Registers - How to Use and Find Them
Check registers help you keep track of your bank account, recording deposits and withdrawals. Find out how they work and how to use them.
How Checks Clear: Speed and Risks
Checks can take a few days (or longer) to clear as banks process payments. Find out what to expect.
Where and How to Find the Best CD Rates Available
Certificates of Deposit are among the safest investment vehicles, but to get the best CD rates available, you must know where to look and what to do.
A Sampling of Competitive CD Interest Rates
If you're interested in putting your money in an investment CD, this review offers a sampling of competitive rates. This short list may prove helpful.
Use CD Ladders for Cash Flow and Rate Risk
A CD ladder is a strategy using CDs that mature every year or so. Cash comes available regularly, and you avoid locking in any single (low) rate.
Ways to Pay Bills for Free Online
Paying bills is never fun or easy, but it can be done for free. Learn more about the options you have to pay bills online at no extra cost to you.
Get Up and Running with Online Bill Payments
To take advantage of online bill payment, you have to set up your bank account. Once everything is dialed in, life is easy going forward. Find out what it takes to set up online bill payment at your bank.
Online Savings Accounts - How & Where to Get One
Ready for an online savings account? You can open one online and start earning more quickly. Find out how it works.
Wamu.com - Transfer to Chase Bank
Wamu.com, formerly the Washington Mutual website, now goes to Chase.com. Chase Bank took over Wamu accounts when Wamu failed in 2008.
Internet Bank Accounts - What to Look for When You Open One
Internet bank accounts help you earn more and bank on your schedule. But which one is right for you? We've listed a few suggestions along with the most important things to consider as you shop around.
Tablet Banking Basics
Learn how to get the most out of tablet banking. Your tablet has more horsepower than your computer or your phone.
Annuity Premiums - Basics of Annuities
Annuity premiums are the payments you make into an annuity. Learn more about how they work.
How Surrender Charges Work (Tips to Pay Less)
Some annuities use surrender charges to limit how much you can pull out of your account. See how this works and how to pay less.
Deferred Annuity Basics: What do you Defer?
Deferred annuities are annuities that do not start making systematic payments right away. Instead, you keep your options open.
How to Detect and Prevent Phishing Scams
This article covers common tricks used in phishing scams, tips on detecting fraudulent emails and steps that victims need to take.
Scams that Prey on your Kindness
Sometimes you get ripped-off when you're just trying to help.
Overview and Disadvantages of Roth 401k Plans
Roth 401k offers the ability to have a different tax status for your money, but there may be some Roth 401k pitfalls. Compare Roth 401k plans to traditional plans before you make a choice with your retirement savings. This page highlights the disadvantages of Roth 401k.
How Credit Bureaus Work and What they Do for Lenders
Credit bureaus collect information about you and sell it to others (such as lenders). See how they work and what type of information is available.
Debt Consolidation Programs: When and How to use Them
Debt consolidation programs are usually just a big loan that pays off other smaller loans. They can be very beneficial to borrowers, but these programs also have their pitfalls. Read up on how you should use debt consolidation programs and how to find the best deal.
What is an Amortization Table? Overview and Example
An amortization schedule shows the process of paying down a loan. Each payment and interest charge is shown as a line-item.
ING Direct Electric Orange Checking Account
ING Direct offers an interest bearing checking account with no fees, called the Electric Orange Account. Find out how the account works and what the pros and cons are.
Safe Saving with CDs in your IRA
CDs in IRA accounts help you avoid losing money. When government-insured, your funds will grow slowly and enjoy tax benefits of an IRA.
Rare Cases when it's Best not to Pay off Debt Early
Come into some money? It's often a good idea to pay down debts, but evaluate the pros and cons first.
Wells Fargo Ban: One of America's Biggest Banks
Learn more about Wells Fargo from past to present. Find out about Wells Fargo account options and offerings for consumers.
Types of Bank Accounts - Options, Benefits and Drawbacks
Choosing between a savings, checking, money market, CD or retirement account. These are the five most common types of bank accounts available.
3 Reasons to Pay More than Minimum Card Payments
What happens if you only pay the minimum on your cards? You'll pay more interest and you'll have a hard time getting new loans (for a long time).
The Debt Cycle: How it Works and How to Get Out
A debt cycle is an unfortunate spiral towards default. See how it happens and how to prevent a debt spiral.
No Bank Account? No Problem: How to Live Bank-Free
See how to complete common money tasks without a bank account: storing money, spending cash, sending money, and more.
How to Borrow Money without Going Broke
Borrowing money can improve your life - or make things worse. See common mistakes to avoid and tips on getting the right loan.
Why Stores don’t Take Credit Cards
Can't use plastic? Find out why businesses don't accept cards (or they don't accept your favorite card).
What to do if your Loan Application is Rejected
After being denied credit, take a look at why you weren't approved. Try quick-fixes and long-term actions to turn that refusal around.
6 Features your Next Bank Account Needs
Ready for a new bank account? A few key features can make the difference between banking bliss and a bad experience.
Stop Wage Garnishment on Student Loans
See how to prevent (or stop) wage garnishment for defaulted student loans. There are at least four ways to avoid having your pay taken.
How to Avoid Shady Lenders Online
See how to borrow safely when working with online lenders. Avoid losing money, paying too much, and getting your identity stolen.
Foreclosure Explained: How and Why it Happens
Foreclosure happens when a lender takes property after you've stopped making payments. Learn how it works and how to avoid it.
How to Save for a Down Payment
See how to save for a down payment, and how to estimate the right amount. You'll thank yourself later.
What you Need for a Bank Account: Get it Done!
Gather everything you'll need to open a bank account - personal information, initial deposit, and more.
ACH vs. Wire Transfer
Wire transfers and ACH payments are similar, but they're geared for different needs. See the pros and cons of each method (and which one to choose).
Consolidate Debt: Explanation & Tips
When you consolidate debt, you combine loans (hopefully to save money and simplify). See the pros and cons of consolidation.
Stop Unwanted Bank Charges - Tips & Samples
Unexpected bills keep hitting your account? Find out how to stop those unwelcome charges.
The Lowdown on Western Union Scams
Western Union is often used for online scams. See how to avoid losing money.
Venmo Scams - How Safe is Venmo?
Venmo scams take advantage of a common belief about money: that it moves instantly and it's safe to spend right away.
How Fixed Rate Loans Work: Safety at a Cost
Learn how loans with fixed rates keep your payments (and interest costs) level. Pros and cons of fixed vs. variable rates.
3 Ways to Bank with No Minimum Balance Fees
Avoid minimum balance fees at the bank with these strategies. Keep what you've earned.
What to do With a Maturing CD
When your CDs mature, look at your finances and your options to decide what's next for that money. Here are some things to consider beforehand.
4 Easy Ways to Pay Yourself First
See what it means to pay yourself first and learn how to do it.
Western Union: Where it Shines (And Other Options)
When is Western Union your best option for sending money (and how does it work)? When should you find a different way to pay?
Why you Need a Bank Account
Getting a bank account can help you save time and money. The unbanked can come out ahead using a financial institution.
Cash Secured Loans: Got Cash? Build Credit
A cash secured loan can help you improve credit scores and manage your savings.
Escrow Explained - In Plain English
What does escrow mean, and how does it make it safer to buy and sell?
ATM Limits: How to Get More Cash
Banks limit how much you can pull from ATMs each day, but there are ways to get more cash.
Prize-Linked Savings: Save Money & Win
Learn how prize-linked savings accounts help you save and win cash. A healthy alternative to the lottery.
Can (and Should) you get a Loan for your Wedding?
It's tempting to get a loan for the big day. See how wedding loans work & evaluate the pros and cons.
Liquid CDs - Avoid Penalties for Early Withdrawal
Liquid CDs allow you to take your money out early, but what's the cost?
Should you Skip a Payment? Bank Offers Explained
Your bank or credit union wants you to skip a loan payment. Find out how you end up paying.
Don't get Tangled up with Loan Sharks
Having a hard time getting a loan? Learn about your options before turning to loan sharks.
Does a Home Equity Line of Credit (HELOC) Make Sense for You?
Learn about borrowing with a home equity line of credit (HELOC). These revolving loans offer low rates and flexibility, but be careful.
What to do if an ATM doesn't Give you Money
Here's what to do and what to expect when an ATM doesn't give you (all of) your money.
How you're Protected from Fraud and Errors
Federal law (and payment networks) protects you from fraud and errors in your bank accounts. But you have to meet certain requirements.
Basics of Variable Rate Loans - Adjust and Float
A loan with an adjustable rate means the potential for savings (or higher costs), depending on how interest rates move.
I Got Scammed - Now What?
If you've been scammed, find out how to minimize the damage and get your finances back on track.
Missing Money? Find out How to Find It
Searching for missing money is free and easy. Find out how to reclaim your assets.
Construction Loans: Funds to Build and Buy Land
Construction loans can fund the purchase of land and structures (like homes, garages, and more) that you plan to build or renovate.
Liens: What they are and How they Work
A lien gives somebody an interest in somebody else's property. Find out how they work, how they're created, and how to get rid of them.
Get a Great Rate on your Next Loan
A low interest rate means big savings. Find out how to get a low-rate loan the next time you borrow. A bit of preparation helps.
How to Manage your Bank Accounts when Self-Employed
Four easy steps to help keep your personal finances on track (while you focus on growing your business).
Using Smart Credit and Debit Cards: Chip and Dip
Learn about new chip cards: why they're different and how to use them.
New FICO Score uses Utilities & More
A new FICO score looks at alternative information (like utility payments) to generate scores. Millions of Americans will soon have a better shot at getting a loan.
5 Steps to Getting a Small Business Loan
Need a loan for your business? Follow this checklist to improve your chances of getting funded.
5 Ways to get Paid as a Freelancer or Consultant
What forms of payment should you accept as a freelancer? They all have pros and cons.
Avoid Inactivity Charges
Found an inactivity charge on your statement? Learn how to avoid those fees.
Cyber Shoplifting is Easy under Current Rules
It's easy for credit card customers to reverse charges. Some take advantage just to get goods for free. Learn how cyber-shoplifting works.
Guide to Personal Checks
Learn about personal checks: writing, depositing, cashing, and ordering. See what alternatives are available.
Why Millennials (and Everyone) Should Switch to Internet-only Checking
Some of the best checking accounts come from online-only banks.
You Bounced a Check - What Happens Now?
Have you bounced a check, and now you’re wondering what will happen? Find out about costs, your credit, and any legal issues that may arise.
How Does Inflation Affect Bank Accounts?
Inflation makes prices rise, but what does it do to your bank account? Find out, and see some good news about loans.
How to Pay Bills with Your Debit/Credit Card (A Good Idea?)
Paying bills with plastic makes life easy (and you might even earn rewards). Find out how to do it without running into trouble.
Payee - Definition & Examples
A payee is a person (or organization) that receives a payment. Learn more and see examples for making payments.
Pros and Cons of Convenience Checks
Convenience checks make it easy to spend, but what's the catch?
What does it Mean to Default on a Loan? What Happens?
When you stop making payments, you
What is a Lender and where do I Find One?
A lender is a person or organization that provides money and expects to get repaid. Learn about your most useful options.
Buying a Home Soon? Get your Finances in Order Today
Make your life easier by organizing your finances before you make an offer. You're going to have to do it sooner or later.
6 Steps for Picking a Checking Account
See how to pick the right checking account. You'll save on fees and make your life easy.
Alternatives to High-Interest Loans
Find out how to borrow without paying too much. Loans with lower interest rates and fees will cost less over time.
Repossession: When the Bank Takes your Car
If you lease a car or get a car loan, your car can be taken away if you stop making payments. Learn how repossession works and what to expect.
What does ACH Stand For? Electronic Payments
ACH stands for Automated Clearing House (a network for making electronic payments). ACH is often used for direct deposit or automatic bill payments.
Balance your Bank Account: Templates, Forms, and Tips
Find out how to balance your bank account, and get forms and templates to make the job easier.
How to Email Checks Safely (Plus Alternatives)
If you're going to email a voided check, do it safely - or use a different online payment tool to send money from your checking account.
Can I Write a Check to Myself?
Can you write a check to yourself? See how to do it, and see other ways to move money and get cash in your hands (you might not need to write a check).
Where to get Free Business Checking
There are two ways to get free business checking: use a bank that offers truly free accounts, or get fees waived. Find out where to open business accounts for a fee-free experience.
Send Money Online - Many Ways to do It
Find out how to send money online, whether you're paying your next-door-neighbor or sending funds overseas.
Debit Card Minimums: Illegal or Just Annoying?
Some merchants set a minimum amount for debit card purchases, but is it illegal? Learn about the rules that govern minimum purchase practices.
No Credit Check Loans - Look Before you Leap
Before you get a no credit check loan, make sure it's the right thing to do. Find out how these loans work and what to watch out for.
Debit Cards Work Online, but Safer Options Exist
You can use a debit card online as if it was a credit card, but there might be better options. See how to limit your risks.
Do Debit Cards Affect Credit Scores? Sometimes
For the most part, debit cards do not affect your credit. But they can be a factor when
Pros & Cons of Lender Paid Mortgage Insurance (LPMI)
With lender paid mortgage insurance (LPMI), you either pay a lump-sum or a higher interest rate. Find out if and when it makes sense.
ATM, Mobile, & In-Person Deposits: Which is Best?
See the pros and cons of using mobile devices and ATMs to deposit checks. Compare the options, looking at speed, convenience, and more.
Lost Debit Card? Find Out What to Do (Quickly)
If you've lost a debit card, it's best to act fast. The amount you're responsible for depends on how quickly you act.
Paying for Money Orders: Checks & More
Money order issuers usually don't take personal checks, but you still have options (even if you don't have cash).
What is Rent to Own? Advantages and Disadvantages
Rent to own transactions allow a buyer and seller to do a deal at some point in the future. Find out how they work and what to watch out for.
When Can you Refinance a Car Loan? How Long to Wait
You generally do not need to wait to refinance an auto loan (and it might pay to do it sooner than later). See how to maximize savings.
Rent to Own vs. Seller Financing
When looking for home financing, buyers often confuse rent-to-own programs with seller financing. Find out how they differ and why it's important.
Capital One 360 Review: Overall a Good Option
Capital One 360 is a solid online bank that builds on the strengths of ING Direct. Learn about the accounts and services offered at Capital One 360.
Credit Card Surcharges
Confused about whether or not credit card surcharges are legal? You're not alone. Find out what the laws are, and learn about minimum purchase requirements as well.
Where and How to Get Debit Cards
Debit cards allow you to pay with plastic without going into debt. Learn where to get debit cards and find out about the different types available.
Can you use a Debit Card at an ATM? How to do It
Yes, you can use a debit card at an ATM. Withdraw cash, deposit checks, and do even more. Find out how it works.
Can I Use a Debit Card for PayPal?
Learn about using a debit card for PayPal transactions. What are the requirements, and how do you do it? Understanding PayPal and debit cards.
Using ATM Cards for Purchases and Online Payment
Can you use an ATM card as a debit card for purchases and online payment? It depends on the card and what type of account you have.
Do Credit Limits Affect Credit?
What factors help or hurt your credit score? Your credit limit can affect credit scores, depending on how much you use.
Where to Open a Free Savings Account
Need a basic savings account without all the fees? Find out where to open one. Here are a few ideas for online accounts, and tips to find a free savings account at brick-and-mortar banks.
Brick and Mortar: What does it Mean, Why do we Care?
Brick and mortar banks have branches that customers can visit (and they might also have websites). See the pros and cons of brick and mortar banking.
Debit Card Reward Programs - List of Cards & Tips
Find out which debit cards offer rewards: cash back (rarely), travel, and other benefits.
Loan Payment Coupons: Alternatives & Templates
Some lenders provide a coupon book to help you with loan payments. See what (if anything) to do with them and how to make your own coupons.
What Is a Loan Prepayment Penalty?
Prepayment penalties are fees that arise when you pay a loan off too early. However, not every loan comes with a prepayment penalty. Learn more.
Types of Checking Accounts - What's the Difference?
Before you open an account, learn about the different types of checking accounts. Go with the one that best meets your needs.
What Is an ABA Routing Number and How Do I Find It?
An ABA routing number is a code used for electronic payments to and from your bank account. Learn about this nine-digit code.
After I Write a Check, How Long do I Have?
Does the money need to be in your account after you write a check? It's a really good idea to have it there. The check may be deposited faster than you think.
Where to Find Checking Accounts with No Fees
Free checking isn’t dead, but finding an account is not as easy as it used to be. Find out where to go for a checking account with no fees.
Where is the Account Number on a Check?
This picture shows where the account number is located on a check. Tips for linking your bank account.
Why You Can't Buy Money Orders Online (Usually)
Good luck if you're trying to buy a money order online.
How to Link Bank Accounts for Transfers and Payments
See how to link your bank account to another account. Make it easy to move money, make payments, and receive funds electronically.
Template for Outstanding Check Letter
A sample letter for outstanding checks. Copy and paste this text for a draft, and review with your attorney. Stale-date checks can be reissued.
Understanding and Handling Outstanding Checks
Learn about outstanding checks, and what you can do if a payee has not deposited a check.
Letter to Close Bank Accounts: Free Template
A free letter asking your bank to close your account, along with tips to make sure it goes smoothly. Just copy and paste from the template.
How Peer to Peer Loans Work (For Borrowers)
Peer to peer (P2P) loans let you borrow from individuals instead of banks and credit unions. See how they work and can help you save money.
Second Mortgages: Basics, Pros and Cons
A second mortgage is a loan that uses the value in your home for security. Lines of credit and lump sums are available. See how second mortgages work.
With a Private Mortgage, Everybody Wins (Ideally)
Private mortgages are loans between individuals or companies (instead of using banks). Find out how they (PIs) work and what can go wrong.
Reverse Mortgage Basics: What you Need to Know
A reverse mortgage lets homeowners over 62 years old spend from the equity in their homes. See how these loans work and what to expect.
Family Financing - Does it Make Sense?
Arranging financing with family members helps
The Basics of Virgin Money’s Family Mortgage Program
If you use a family mortgage, protect everybody by using a service for loan agreements, servicing and legal filings like the one Virgin Money offers.
Basics of Private Party Loans
Private party loans are loans where one individual pays another. They're generally loans for used autos but can also refer to any loan between individuals.
Reasons Not to Use Online Bank Accounts
While there are good aspects to online bank accounts, there are also problems that come with online banking. Here's a few reasons not to bank online.
Banking Reviews - HSBC OnlineSavings Account - Review of HSBC Online Savings Account Services
HSBC does business in a few select regions. However, you can take advantage of their services anywhere with their HSBC OnlineSavings Account. At the time of this writing, the HSBC OnlineSavings Account offers one of the highest-paying savings accounts (without imposing fees or minimums).
APY - Definition, Calculations, and Compare to APR
Annual percentage yield (APY) tells you how much you're earning at the bank - or how much it costs you to borrow. Learn how it works, how to calculate it, and how APY is different from APR.
How to Find the Best Savings Account
Learn how to find the best savings account with these tips that reveal why you should look for one that's safe, competitive and makes your life easy.
How to Choose a Bank That Fits Your Needs
Choosing the best bank for your needs is easy. First, you have to figure out exactly what you need from a bank. Once you know what to look for, you can quickly evaluate the competition and end up with the best bank account out there. See how to choose the right bank for your needs, and get some ideas for starting your checklist.
Where to Find High Yield Savings Accounts
A number of banks offer a high yield savings account. What exactly does that mean, and how is it different from any other account? Get the facts.
Big Down Payment or Points? Which is Best?
Should you buy discount points or put that money toward a down payment?
How Online Loans Work, Where to Borrow (and Avoid)
Online loans are often faster, easier, and more affordable than
Overdraft Fees (After Opting-Out)? It Happens
You've opted-out of overdraft protection, but your bank still charges fees. Here's how it happens.
5 Things your Internet Bank Can't Offer
You need an online bank account, but you also need the ability to visit old-fashioned bank branches.
PayPal Debit and Credit Cards: Your Options
Find out how to get a PayPal debit card and what options are available (including prepaid, credit, and rewards cards).
How to Cancel a Money Order
Lost, stolen, or unused money orders can be cancelled for a refund (or replacement). How to do it with most issuers.
How to Get Rid of Those Car Payments
Can somebody take over your car payments? Can you sell the car? Find out how best to move on.
How to Track a Money Order (See if it's Cashed)
Most money order issuers allow you to track payments. Find out if the money order was cashed or deposited.
Chargebacks: Understand and Avoid Reversed Charges
A chargeback happens when buyers dispute a payment and get a refund. Find out how the process works and how to prevent chargebacks.
Are Credit Unions Safe?
Find out how safe credit unions are and why the type of credit union matters.
How a Standby Letter of Credit Works
A standby letter of credit offers protection when something fails to happen. See how a standby LOC works with examples.
Letters of Credit Explained
Several different types of letters of credit can be used depending on your needs. Find out what each one does.
LC at Sight - Fast Letters of Credit
When using a letter of credit (LC), an LC at sight is the fastest way for sellers to get paid. Payment is due when the bank verifies the documents.
How do Prepaid Cards Work?
Prepaid cards allow you to spend with plastic - but without a bank account (or a credit card). See how they work along with the pros and cons.
Is PayPal Safe? Find Out Here
Is it safe to make purchases and sell goods through PayPal? The technology is good, but you should be aware of a few risks when making transactions.
Be Safe when Sending Checks through the Mail
It's generally safe to send a check using regular mail. Want to make it even safer? Take a few easy steps to protect your money.
Types of Savings Accounts - Basic Accounts and Beyond
Savings accounts keep your cash safe (while paying a bit in interest). But there are different types of accounts for different needs. Find out what your options are.
Avoid Taking a Bad Check: Rules for Accepting Payments
A bad check is a major expense for businesses. Find out how to reduce the odds of accepting bad checks from customers.
Does Refinancing a Loan Affect Credit Scores?
Refinancing a loan will most likely have a small impact on your credit scores, but it might not matter.
Money Market Accounts: Definition, Pros and Cons
Money market accounts pay interest on your savings while allowing you to spend money easily. Learn about the pros and cons of these accounts.
What you need to Open a Bank Account Online
Most banks let you open an account online. Here's what you need to know - what you'll need, and what to watch out for.
How to Open Bank Accounts Under the Age of 18
Bank account options for somebody under age 18. The most common solutions for checking and savings are joint or custodial accounts.
Percentage to Decimal Conversion and Tips
There are two easy ways to convert percentages to decimal format (and back). This skill is essential for understanding how your bank accounts and loans work.
Checking Account: Definition and Tips
Your checking account is for money that you're ready to spend soon. Find out how they work, where to get one, and how to save money.
How and Where to Open a Business Checking Account
A business checking account protects you and makes your business appear more legitimate. Find out how and where to open one.
What to Do About ATM Withdrawal Limits
If you're buying used equipment with Craigslist, you can easily need quick access to more than $300 or $500 in cash.
What Does it Mean to Nationalize the Banks?
Nationalization happens when the government takes ownership of private assets. During times of financial crisis, some propose bank nationalization.
How to Deposit Checks With an iPhone
iPhone users at some banks can deposit checks simply by taking a picture of the check. Select banks and credit unions offer the ability to use your phone’s camera and a secure application to save a trip to the branch. Learn how the process works and how to deposit checks with your iPhone.
Remote Check Deposit - Make Sure it Makes Sense
Remote check deposit allows you to get funds into your account without getting checks to the bank. Learn about the basics, pros, and cons.
How to Make Mobile Check Deposits: Benefits and Limits
Depositing a check with your mobile device is fast and easy, and you often get a later cut-off time for your deposit. See how it works.
Popmoney Review: Pros and Cons
PNC Popmoney is a service for sending money electronically to people you know. Learn how it works, what it costs, and when it's safe to use.
Popmoney vs PayPal: Compare Cost, Security, & Uses
Popmoney or PayPal? They'll both do the trick, but there are differences (pop payments vs. transfers). Compare the fees, features, and safety.
How Preapproved Auto Loans Make Life Easier
You've heard that you should get preapproved for an auto loan, but what does that mean and why would you do it? See how preapproval works.
How to Remove a Name From a Mortgage (When Allowed)
It's not easy to remove somebody from a mortgage, but you have several options. See why it's so hard and what to do about it.
No Money Down Loans - Why You Don't Want One
Making a purchase with no money down may be attractive but it's not easy. Even if you are able to buy a home or car without a down payment, it might be best not to.
Before You Change Banks - A few Tips to Avoid Headaches
If you're going to change banks, make sure you do it right. A little bit of preparation before pulling the trigger can help you avoid headaches, save money, and end up in the right place.
5 Ways to Avoid Bouncing a Check
It’s easier than ever to bounce a check, and bad checks can create real problems. Learn how to avoid bouncing checks.
How to Verify Funds Before Depositing a Check
Here's how to check if a check is valid before you deposit it. Verify funds and avoid penalty fees by weeding out illegitimate checks.
How to Find a Credit Union & What to Look For
How do you find an account at a credit union? It’s a matter of finding one that you’re eligible for and that meets your needs. Learn what it takes to open an account that you’ll be happy with for years to come.
Can Co-Signing Help your Credit?
Your credit will be affected if you cosign for a friend or family member. Find out when it helps and when it hurts your credit scores.
Joint Loans (and Co-Signing) Explained
A joint loan is a loan you get with another person. It may be easier to qualify by applying jointly, but there are some pitfalls to be aware of. Learn how these loans work and the challenges that come with them.
HARP 2.0 - Learn About the Home Affordable Refinance Program
Get details on the HARP 2.0 program, including highlights and eligibility requirements. For underwater homes, HARP allows refinancing at any loan-to-value ratio. Learn how to use the program.
Refinance Programs Available After the Mortgage Crisis
Several mortgage refinancing programs are available to help struggling homeowners. Find out what they are and how to use them.
Bounced Check - Definition and Explanation
A bounced check is a check that gets rejected because the checkwriter did not have enough money available.
What Does a Certified Check Mean?
A certified check is one the bank has verified. Learn more about these checks, when they might be needed and about other forms of certified funds.
Overview of Debit Cards And How They Work
Debit cards are similar to credit cards, except they pull money out of your checking account.
Insufficient Funds: Definition & Tips
Definition of insufficient funds. A situation where your account does not…
Personal Identification Number (PIN) Definition
A PIN is a personal identification number or secret code that verifies your identity (for withdrawing money, making changes, and more).
POS Debit and Fees Explained - Should you Pay?
POS charges are point-of-sale items that show up when you use your debit card at a store. They can be standard charges or additional fees.
Refund Anticipation Loans - Pros and Cons
A refund anticipation loan (RAL) lets you get your tax refund more or less immediately. Learn about the pros and cons of these loans.
How Deed in Lieu of Foreclosure Works
Deed in lieu of foreclosure is a way to get out of a home loan...
Loan to Value Ratio - Definition and Calculation
The loan to value ratio (LTV) tells you how much you're borrowing to buy something. See why it's important and how to calculate the LTV ratio.
No Closing Cost Refinance - How it Works
When you refinance with no closing costs, there's no need to write a check or add those costs to your balance. Is it wise?
Prepayment Penalty: Definition & Tips to Save Money
A prepayment penalty is a fee for paying off a loan
NCUSIF Insurance - Credit Union Share Insurance
National Credit Union Share Insurance Fund (NCUSIF) keeps your money safe in federally insured credit unions.
How an Overdraft Line of Credit Works
An overdraft line of credit covers expenses when your checking account runs dry. You borrow from the bank and pay modest fees for that privelige.
Overview of Subprime Loans & How to Avoid Them
Subprime refers to borrowers with
Unsecured Loans - Definition & Explanation
Unsecured loans are loans you get based only on
Mortgage - Definition and Different Types
A mortgage is an agreement: you'll give up an asset in return for something else. There are several different types - see how they compare.
Overview of Co-Signing a Loan (As Borrower or Signer)
Co-signing happens when somebody promises to repay a loan if somebody else can't (or won't) make the payments. Get an introduction to co-signing from the borrower's perspective as well as the co-signer's perspective.