- How Employer Contributions Work for HSAs
Health savings accounts (HSAs) are a tax-advantaged way to save for medical expenses. Employer contributions to a health savings account are often part of this benefits package, which helps employees cover healthcare costs. If a health savings account has employer contributions, those funds are not counted as taxable income, providing a significant boost to employee… read more…
- How Long Is a Check Good For?
Checks are typically valid for up to six months from the issue date, although this can vary based on the type of check and the policies of the bank that issued it. Knowing how long a check is good for is essential to avoid the complications of expired or stale-dated checks. That’s why it’s recommended… read more…
- Types of Banks Used By the Ultra High Net Worth
For ultra-high net-worth (UHNW) individuals, managing and growing wealth requires specialized banking services that go beyond the offerings of traditional retail banks. With investable assets of at least $30 million, these individuals have complex financial needs that demand personalized attention, dedicated relationship managers and access to a wide range of sophisticated investment opportunities. Private banks,… read more…
- 5 Benefits of Using Prepaid Cards
Prepaid cards are popular financial tools that can offer a unique blend of convenience, control and security. Whether you’re looking to stick to a budget, provide a spending solution for a family member or find an alternative to traditional banking, prepaid cards could be the answer. A financial advisor can help you evaluate and select… read more…
- How Much Money Should I Keep in My Checking Account?
Almost everyone has a checking account, but the amount of money in that account can vary widely. Checking account balances tend to vary with income, age and other factors. However, deciding how much money to keep in your personal checking account requires looking at more than just your paycheck. Here’s what to consider before your… read more…
- Do Checking Accounts Earn Interest?
Checking accounts are generally intended for short-term deposits and expenses. But some offer interest rates on account balances. When checking accounts offer interest, the rates are generally on the low end. But if you prefer to eke out as much… read more…
- Is a Checking Account Considered an Asset?
Assets might sound like a fancy word, and they may seem like something only rich people have. But the truth is almost everyone has a few assets to their name. Let’s take a look at what assets are, whether checking… read more…
- Money Market vs. Checking Accounts
Checking accounts offer convenience for managing your money in a single account and getting access to those funds at your discretion. You can use a checking account to pay bills, transfer money to linked accounts or make purchases using a… read more…
- What Is an Interest Checking Account?
Interest checking accounts, otherwise known as interest-bearing checking accounts, are checking accounts that pay an interest rate on the money held on deposit. There are key similarities and key differences between interest-bearing checking accounts and savings accounts. Here’s what you… read more…
- What Is a High-Yield Checking Account?
Rising interest rates can make acquiring a loan or a mortgage more challenging, but there are ways to take advantage of them. Many financial institutions offer checking accounts that return better interest rates than traditional checking accounts, provided you meet… read more…
- Checking Account Fees: How Much Are They and How Can You Avoid Them?
A checking account provides a great tool for money management, keeping your money both safe and easily accessible. However, many banks and credit unions charge a fee to own a checking account. These fees generally range from $4 to $20 although… read more…
- How to Open a Checking Account
Opening a checking account, whether a personal or business checking account, is a relatively easy process as long as you’re prepared with the right information. It becomes even easier when you know what to expect. To open a checking account,… read more…
- What Is the Average Checking Account Balance?
Chances are, you’re pretty intimate with your checking account. This type of account is typically used for regular spending. You may even move money in and out of it multiple times a day. The best checking accounts are affordable to maintain,… read more…
- 6-Step Checklist for Closing a Checking Account
Switching banks might make sense if you’re paying too many fees or your savings account interest rate isn’t high enough. Comparing checking accounts and opening a new one isn’t that difficult, but closing an old account can turn into a… read more…
- Is a Checkless Checking Account Right for You?
If you’re tired of handing over money to your bank for overdraft fees each month, you might want to think about opening a checkless checking account. Banks like Bank of America and Citibank offer check-free banking options that come with… read more…
- How to Open a Second Chance Checking Account
Learning how to properly manage a bank account requires some trial and error and just about everyone makes a mistake at some point. If you’ve run into trouble in the past with overdrafts or bounced checks or have bad credit,… read more…
- Tips for Choosing a Teen Bank Account
It’s never too early to start teaching your kids good financial habits and the teen years are a great time to introduce them to the basics. Setting your teenager up with a bank account of their own is an important… read more…