In this category you can find information about banks and financial institutions in the United States and about the checking and savings accounts they offer to their private and business customers.

Savings Accounts vs Money Market Accounts

Savings Accounts vs Money Market Accounts

It is common for many people to confuse certain financial terms because they are not used to managing every little detail of their money. This confusion can arise between savings accounts and money market accounts (MMA), whose characteristics tend to be very similar. In this article we will see wha..   
Differences between checking and savings accounts

Differences between checking and savings accounts

The appropriate choice of banking products should be focused on their usefulness for our personal finances. Due to lack of knowledge, there is a tendency among users not to be able to differentiate between a checking account and a savings account. For this reason, we clear up this confusion so that..   
What are UGMA/UTMA custodial accounts?

What are UGMA/UTMA custodial accounts?

The universe of banking instruments is quite broad, so the topic of personal finance can be overwhelming at times. To make things easier for you, we've saved you the trouble of interpretation and research for many relevant products. May interest you: Bank of America accounts This time we will..   
What is APY (Annual Percentage Yield) and how is it calculated?

What is APY (Annual Percentage Yield) and how is it calculated?

When comparing bank products or reviewing terms and conditions for an account, personal loan, online credit, certificate of deposit or investment, you need to be alert. Understanding details such as the nominal interest rate, APR and APY can make a big difference in terms of earnings and savings. W..   
How to protect your account from overdrafts

How to protect your account from overdrafts

When we incur too many overdrafts in our bank accounts, it means that something is not working well with our finances. It is a relevant issue because in the United States banks are very strict with their policies and especially because you are losing a lot of money with this behavior. To remedy this..   
What is the Automatic Clearing House (ACH)

What is the Automatic Clearing House (ACH)

The North American economic system is made up of a wide variety of institutions that safeguard financial operations. Among his many tasks is to ensure that transfers and payments are made quickly, safely and without complications.For this purpose, there is the Automated Clearing House (ACH). If you ..   
Types of bank accounts in the United States

Types of bank accounts in the United States

The proper management of money is a topic that lends itself to a heated debate about the most appropriate ways to manage our resources. One of the threads of the question lies in the need or not to have an account in a bank or credit union for this purpose. Preferences aside, the time is right to r..   
Usual fees and charges for bank accounts in the USA

Usual fees and charges for bank accounts in the USA

No matter where you look at it, most US bank accounts can also include some of those fees that we don't want to pay. When you contract savings or checking accounts, you have to be alert about the costs that certain operations imply. Therefore, we will break down some of the most common charges. ..   
What is the FDIC (Federal Deposit Insurance Corporation)

What is the FDIC (Federal Deposit Insurance Corporation)

Many nations have a series of mechanisms and institutions responsible for ensuring the proper functioning of their economy. In the US context, there are several specific organizations that contribute to strengthening the financial stability of the state. Like the Federal Reserve or the CFPB, the FDI..   
What is the CFPB (Consumer Financial Protection Bureau)

What is the CFPB (Consumer Financial Protection Bureau)

The CFPB or the Consumer Financial Protection Bureau is a government agency that watches the banks and financial institution to treat the consumer fairly. It is precisely this institution that concerns us today and about which we will talk in as much detail as possible. Creation of the Consumer Fin..   
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