Banking Articles

A woman with a check in hand puts numbers into a calculator

Feb. 24, 2023 | By Dana George

Here's What Happens When You Withdraw a Lot of Money From Your Bank Account

Banks have been required to report suspicious deposits and withdrawals to the federal government since the Nixon administration. Here's why.

A couple counts dollar bills together at home.

Feb. 24, 2023 | By Dana George

Wells Fargo Has to Pay More Than $2B to Consumers. Here's How to Get Your Payout

Millions of Wells Fargo customers are due a piece of a $2 billion settlement. Here's what to do if you've been impacted.

A worried-looking woman looking something up on her laptop while sitting at her kitchen table.

Feb. 21, 2023 | By Brittney Myers

How Half of Americans Are Missing Out on Billions in Investments, According to Graham Stephan

Your savings are an investment in your future, but Graham Stephen says we're using them wrong. Find out what to do instead.

A person holding his head in his hands while looking disappointed at his laptop.

Feb. 20, 2023 | By Ashley Maready

Consumers Beware: Thieves Are Clearing Out Bank Accounts Using This Tactic

An old scam is back again. Keep reading to learn how it works and what you can do to protect your money.

Diverse group of employees in an office setting.

Feb. 19, 2023 | By Kailey Hagen

This New Law Could Help Millions of Americans Build Their Emergency Funds

Emergency funds are a key financial safety net that everyone should have. Find out about a new employee benefit that could help you build yours.

A well-dressed man on sitting on a stone bench and reading something on his phone.

Feb. 18, 2023 | By Ashley Maready

3 Possible Drawbacks of a Money Market Account

Money market accounts have features of both checking and savings accounts. But read on to learn why you may not want to open one.

A bank teller smiles to a customer from behind her desk.

Feb. 18, 2023 | By Ashley Maready

3 Ways Banks Keep Your Money Safe

While no one is required to have a bank account, the safety features are worth it. Keep reading to learn how your money can benefit from being in the bank.

Happy woman makes a calculation at her desk

Feb. 17, 2023 | By Ashley Maready

With a Recession a Possibility, Here's How Much Suze Orman Says You Should Have in Your Emergency Fund

Having cash savings is your best cushion against financial catastrophe. Keep reading to learn how much you should aim to save.

A man looking upset while reading something on his phone.

Feb. 17, 2023 | By Dana George

Here's What to Do When Your Bank Closes Your Account

Banks close customer accounts for a variety of reasons. Here are three steps you can take if the bank closes your account.

A woman reviewing paperwork at her desk.

Feb. 16, 2023 | By Natasha Etzel

What's the Point of Having a Savings Account if Interest Rates Decline?

Should you continue to put money in your savings account when interest rates decline? Find out why having a savings account is always a good idea.

A person standing at a picnic table in a park and putting a coin in a piggy bank.

Feb. 15, 2023 | By Natasha Etzel

American Adults Saved an Average of $5,011 in 2022. 5 Tips to Reach Your Savings Goals

Do you have a big savings goal for 2023? Keep reading for ways to save more this year.

An interabled couple looks at their smart phones excitedly while sitting on a couch.

Feb. 15, 2023 | By Dana George

The Age Limit for This Important Savings Account Is Set to Increase. Here's Why That's a Big Win

For years, disabled Americans had to choose between public benefits and saving money to improve their living conditions. Here's how the ABLE Act helps.

Feb. 15, 2023 | By Lyle Daly

Suze Orman Recommends These 2 Smart Savings Goals

Setting savings goals is an excellent way to improve your finances. Check out two smart savings goals shared by financial advisor Suze Orman.

A man standing in his living room and holding a pile of mail in one hand while looking at a single envelope in the other hand.

Feb. 11, 2023 | By Dana George

White House Backs CFPB Efforts to Crack Down on Surprise Bank Fees

Americans spend billions of dollars each year on unnecessary junk fees. Read on to learn what the Biden administration is doing to ban those fees.

A woman sitting with her feet up on a desk in her home office and writing a to-do list in a notebook.

Feb. 10, 2023 | By Lyle Daly

In 2022, This Was Americans' Biggest Financial Regret

Nearly one-third of Americans experienced financial regrets in 2022. Discover what the most common regret was and how to fix it.

family at restaurant paying with mobile payment app on phone

Feb. 10, 2023 | By Dana George

These Major Banks Are Launching a Digital Wallet to Rival Apple Pay. Should You Use It?

A group of big-name banks are working together to release a digital wallet in 2023. Here's what you need to know.

A smiling woman typing on her laptop while sitting in a cafe.

Feb. 10, 2023 | By Ashley Maready

4 Great Reasons to Have Accounts at Multiple Banks

You have options for where to keep your hard-earned money. Read on to learn why it's helpful to keep accounts with more than one bank.

Woman holding a baby works at a computer.

Feb. 9, 2023 | By Ashley Maready

3 Reasons Why You Should Close Your Unused Bank Accounts

It's common to have multiple bank accounts. But keep reading to learn why it's a good idea to close the ones you've stopped using.

Bank teller assisting a customer with cash transaction.

Feb. 8, 2023 | By David Chang, ChFC®, CLU®

3 Reasons Why Banking Bonuses Are a Big Deal

Bonuses for bank employees and executives can be an indicator of the overall economy's health. Read on to learn what they can mean for you.

Happy man looking at laptop with fist raised in the air.

Feb. 7, 2023 | By Dana George

What to Do When the Bank Makes a Mistake in Your Favor

While bank errors are relatively rare, they do happen. Keep reading to learn what you should do if an error is made in your favor.

A laughing mom trying to do work on her laptop with her young daughter climbing on her back.

Feb. 7, 2023 | By Dana George

Interest Rates Are on the Rise. Why Aren't Savings Rates?

To slow inflation, the Federal Reserve has slowly raised interest rates. Here's why the rate you're earning on savings has not kept pace.

A couple sits in their living room, smiling as they look at a laptop.

Feb. 6, 2023 | By Dana George

8 Attractive Perks of a Credit Union Membership

You have options when it comes to where you keep your money. Keep reading to learn what one writer likes about banking with a credit union.

A woman dialing a number on her phone and sitting at a table with her laptop.

Feb. 5, 2023 | By Dana George

6 Advantages and 4 Disadvantages of Online Banking

The online banking industry is expected to grow dramatically in the coming years. Keep reading to learn more about what this will mean for consumers.

A group of friends hiking up a hillside.

Feb. 2, 2023 | By Ashley Maready

You Can Invest All You Want, but Here's Why This Other Strategy Is Key

You can't control the performance of your investments, but you may be able to grow your wealth in another way. Read on to see how.

A couple talking to a bank officer at a desk.