In the last two weeks, we have seen the two worst single-day drops in the history of the Dow Jones Industrial Average (DJIA). However, on Wednesday, the Dow also saw its best day since 1933, with a 13% rise. Did the stock market already hit bottom? Unlikely. America is unofficially, but undoubtedly in a recession. […]

How to Open a Checking Account

Do you want to make cashing your paycheck, paying monthly bills, and keeping tabs on your money a cinch? Our guide explains how to open a checking account. Most people value convenience, want security, and need easy access to their cash. With a bank account, you get all three. How to open a checking account: […]

According to a recent survey by the FDIC, 25% of U.S. households are unbanked or underbanked. Unbanked households have no bank account at all. Underbanked households have a bank account, but they still use financial services outside the banking system to make ends meet, such as payday loans. If you’re one of the millions of […]

Sending money overseas is big business. In 2019, people paid more than $47 billion in money transfer fees. In total, over $700 billion were sent to other countries in small amounts  — mostly by migrants workers wiring money home (source). These money transfers are not cheap. The average cost to send a remittance (a.k.a money […]

Selling blood plasma is big business in the United States. It’s run by large corporations, such as Baxter International and Grigols, that bleed the most impoverished communities (source) to fuel a multibillion-dollar industry. Many developed countries have banned the commercialization of blood, but in the United States, it’s the 10th most valuable export product. The […]

Routing numbers have been integral to the banking industry for more than a century. They streamline the exchange of money, enabling you to set up a direct deposit or easily send money to a friend. Just as the rise of debit cards lowered the popularity of checks, wire transfers are now facing competition from digital […]