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Banking Basics
31 posts
What Does It Mean To Notarize A Document?
DEFINITION Notarized Documents are those that have been certified as authentic by a notary to ensure their authenticity. Notarization involves…
What is Annual Percentage Yield (APR)?
DEFINITION Annual percentage return is a rate of return on an investment for a period of 12 months that…
Understand the available balance in your bank account
When you check your account status, you may find that there are several balances including an “available” one.…
Escrow accounts come in different types.
It’s frightening to think that buyers and sellers are often forced to work together on the basis of…
How to make financial transactions as anonymous as possible
Even when it comes down to financial matters, privacy is a rarity in today’s digital age. Every time you…
PayPal Debit Card and Credit Card
PayPal is well-known for being one of the very first companies to offer consumers the option to send…
Discover How ACH Payments Work
ACH payments are electronic funds transfers that use the Automated Clearing House Network (ACH). 1 The funds move from one…
How to Use a Bank wire
A wire transfer is a great way to send money quickly and safely. It is a fairly simple process,…
What is the FDIC?
Federal Deposit Insurance Corporation is an independent U.S. government agency that was created to protect the financial system…
What is Escheatment and Why?
DEFINITION Escheatment is when money in an account appears to be abandoned after a certain time period. The financial…