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Banking Basics
31 posts
What is a bank statement?
Your financial institution prepares a bank statement each month. A bank statement shows all the transactions and income related…
You can pay with your mobile phone
Are you carrying your phone more than a wallet or purse with you? Then paying with your phone could…
What is compound interest?
Compound Interest is the interest that is earned on the original principal and accumulated interest. The Key Takeaways Compound…
What is an ABA number?
The ABA number is a nine digit code used to identify banks in the United States. It allows…
What is Interest?
Interest represents the cost of borrowing. The lender gets interest and the borrower pays it. The Key Takeaways Interest is…
How to Ask your Bank to Waive Overdraft Fees
Overdraft fees are a financial and emotional burden when you’re already struggling financially. Overdraft fees are annoying even when…
Co-op shared branching is another credit union perk.
You may already be aware that a Credit Union is a popular banking option for many because of its community…
Is paypal safe?
PayPal is one of the most popular tools for receiving and sending money online. Although it has been around…
What Is Escrow?
DEFINITION A Escrow agreement is a financial arrangement in which a third-party controls the money and assets of two parties…
How to check your bank balance online
You should always know the balance of your account, and how much is available to spend. You can keep…