Banks and accounts

What is Zelle, which banks use it and how to transfer money

In the United States and other countries that develop apps, there are more and more options for processing payments almost immediately. Among them, Zelle has become increasingly popular as a service that allows users to make money transfers from the convenience of their devices. What is Zelle Simpl..   

Ways to deposit money into a bank account

When you have a savings or checking account at the bank, you surely have a source of income to deposit funds to help you with your expenses or projects. There are many ways to carry out this procedure, but curiously not all of them are known or well used. That's why we'll give you options an..   

What are Cashier's checks and how to use them?

While payment methods continue to evolve with technological trends, there are traditional forms that refuse to die. Such is the case of cashier's checks, which have a specific utility for people who want to secure a transaction. Due to their latent validity, we wanted to find out more about thei..   

Why might you be interested in switching banks?

Maintaining a long-standing relationship with a financial institution is natural because it regularly offers you a variety of benefits. However, when things don't go according to plan and you find yourself losing money or receiving less than diligent attention, there are reasons to give another ..   

What can multiple bank accounts do for you?

There is no doubt that in order to achieve your personal goals, you need to be in the habit of saving and organizing your finances as best as possible. While many experts recommend having only one bank account, others propose having several. Since it comes down to what works best for you, here we w..   

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

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?

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?

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

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)

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

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..