benefits of a checking account

Article Summary It is OK to have multiple bank accounts, checking accounts included. This article will tell you why having multiple accounts isn’t just OK but could be a good idea. It will also tell you the disadvantages of multiple accounts. If you have questions about having multiple accounts, you’ve come to the right place. […]

DJIA Performance Great Depression vs. Coronavirus Crisis

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. […]

Signing a check

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 […]

BANKING ROUTING NUMBERS

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 […]

Opening a joint account

Have you reached a point in life where you are ready to share a financial account with another person? Maybe it’s a business partner, a friend, a romantic partner, or a child. If so, opening a joint account may be the right move for you. However, before you do so, there are some risks and […]