Banking

Difference Between Investment Bankers & Money Managers
Difference Between Investment Bankers & Money Managers

The U.S. News and World Report publishes an annual list of the best business jobs. Among the positions that look promising for money managers are accountant, financial adviser, financial analyst and financial manager. Investment bankers aren’t mentioned on the USNFP list, but ...

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M1 Economics Definition
M1 Economics Definition

It seems like such a simple question: How big is the U.S. money supply? But as with a lot of things in economics, the answer depends on the definitions you use. The government definition of the money ...Read More

Difference Between Bank Guarantee & Bank Bond
Difference Between Bank Guarantee & Bank Bond

Bank guarantees and bank bonds are both financial instruments that help protect the parties who engage in a contracted exchange for goods or services. A bank guarantee, sometimes called a letter of ...Read More

How to Choose Between a CD or High-Yield Savings Account
How to Choose Between a CD or High-Yield Savings Account

When you have extra cash, leaving it in your checking account might make you feel like you've got a big cushion, but it won't earn you much interest. You don't have to take on additional risk, like ...Read More

Joint Checking Account Laws
Joint Checking Account Laws

In every state, two or more people can open a joint checking account by putting their names on the same account. Joint checking accounts are particularly common between spouses. Since these accounts ...Read More

How to Set Up Direct Deposit for Social Security Benefits
How to Set Up Direct Deposit for Social Security Benefits

As of March 1, 2013, Social Security checks are a thing of the past. Instead, payments to Social Security recipients are electronic. To set up direct deposit for Social Security benefits, you have ...Read More

Is an IRA Rollover FDIC Insured?
Is an IRA Rollover FDIC Insured?

Turmoil in the stock market and bank failures worry people, especially anyone who has a bank handling their IRA account. If you move money out of one IRA into another, keep in mind the rules on FDIC ...Read More

Why Would My Bank Put a Hold on My Savings Account Without Telling Me?
Why Would My Bank Put a Hold on My Savings Account Without Telling Me?

It can be extremely frustrating to head to the bank to make a transaction, only to discover a hold was put on your savings account. While the bank doesn't have to inform you before taking this ...Read More

A Daily Compound Vs. a Semi-Annual Compound Savings Account
A Daily Compound Vs. a Semi-Annual Compound Savings Account

Compounding, earning interest on interest, is a powerful financial tool that's sometimes misunderstood by savers of all ages. Regardless of your rate, the more often interest is paid, the more ...Read More

How Does Renewing a Loan Work?
How Does Renewing a Loan Work?

Whether you have a balloon loan, home equity line of credit or a business loan, you'll need to take steps to renew that loan if a balance remains at the date of maturity. The bank will review your ...Read More

What Does It Mean if It Says 'Share Draft' on My Checking Account Statement?
What Does It Mean if It Says 'Share Draft' on My Checking Account Statement?

Credit unions may use different terminology for their products than banks, such as "share draft" for checking accounts, but they are equivalent. In a credit union, you aren't a customer, but a ...Read More

Can I Withdraw Money From My Online Savings Account?
Can I Withdraw Money From My Online Savings Account?

Online banking is becoming more widespread -- even among smaller local banks. You can manage your savings accounts online and even establish accounts at banks that do all their business online. While ...Read More

What to Look for in Credit Union Checking
What to Look for in Credit Union Checking

According to the National Credit Union Administration, no member of a federally insured credit union has ever lost a penny of insured savings. Unlike banks, credit unions are owned by their ...Read More

What Is the Fee for a Letter of Credit?
What Is the Fee for a Letter of Credit?

Depending upon the specific type of letter of credit you choose to use, you will likely be forced to pay various fees. Generally speaking, the fee for obtaining a letter of credit will be influenced ...Read More

5 Ways to Derail Your Loan Approval
5 Ways to Derail Your Loan Approval

Much of what it takes to get a loan is not just having enough income, it's also about presenting your records in a professional way at the right time. If you prepare yourself, you can avoid common ...Read More