Banking doesn’t have to be confusing. In this section, we break down the basics such as why you need a bank, what the FDIC is, and more.. Get clear, simple answers to common banking questions.
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Cashier's Check vs Money Order
Cashier’s checks and money orders offer safer options for sending money than personal checks. Cashier’s checks suit larger payments, while money orders are ideal for smaller amounts. Both offer security for transactions. Discover which option is right for you.
Common Bank Fees Explained
Bank fees, like ATM or overdraft fees, can add up, but many are avoidable. Learn how to avoid fees for services like wire transfers and account maintenance fees.
Common Banking Terms Made Simple
Banking terms can be confusing, but understanding them can help you manage your money better. Get to know some of the common terms you might hear when dealing with banks.
Understanding Bank Account Titling Options
Choosing the right way to title your bank account(s) is key to managing your finances. Each has unique benefits, from sole to joint accounts and specialty options like trusts or POAs.
What is the Federal Reserve?
The Federal Reserve, or the Fed, is the central bank of the U.S., working to keep the economy stable. From managing inflation to setting interest rates, its actions affect your daily life.
What is the FDIC?
The FDIC protects your bank deposits, insured up to $250,000 per depositor at insured banks. Created in 1933, it ensures your money stays safe, even if a bank fails. Learn why the FDIC was created, how FDIC insurance works, and how to calculate your coverage.
Why Do Banks Charge Non-Customers to Cash a Check?
Banks charge non-customers a fee to cash checks due to a variety of costs they incur to provide the service, including administrative costs, risk management, and security expenses. There are ways to avoid paying the fee.
Why You Need a Bank
If you have ever wondered if it’s important to have a bank account, the answer is yes. A bank account keeps your money safe, simplifies payments, and helps you save, budget, and keep track of your finances.
