Net banking, also known as Internet banking or online banking, refers to the use of the Internet for conducting various banking functions like transferring funds, paying bills, viewing account statements, requesting checkbooks, and more. It allows customers to carry out banking transactions and avail of other services via the bank’s website, without visiting the bank … Read more
Kiosk banking refers to automated self-service banking centers that allow customers to complete basic banking transactions without having to interact with bank staff. Kiosk banking is an innovative way for banks to improve efficiency, lower operational costs, and enhance customer convenience. In this guide, we will cover everything you need to know about kiosk banking … Read more
14Common Bank Fees and How to Avoid Them According to a Bankrate survey from 2023, more than 25% of Americans with checking accounts pay an average of $24 in banking fees each month. These fees vary by user, however, they range from monthly maintenance/service fees to charges for overdrafts and insufficient money. While a few … Read more
U.S. Bank Personal Loans Review in 2024 U.S. Bank excels for its existing customers, offering affordable rates, larger loan limits of up to $50,000, and flexible loan durations ranging from 12 to 84 months. When combined with no origination costs and no penalties for early repayment, it’s simple to see why it’s a popular choice … Read more
What Is A Merchant Bank? Meaning Functions Services Working and Examples Merchant banks offer loans, financial advice, private equity, and fundraising services to major enterprises and high-net-worth individuals. Merchant banks do not often offer services to the general public, however they may have retail and commercial divisions. The Key Takeaways Merchant banks are non-depository financial … Read more
Investment Bank: What It Is How It Works and Major Examples Investment banks are well recognized for acting as middlemen between corporations and financial markets. They assist firms in issuing stock in an initial public offering (IPO) or additional stock offering. They also arrange debt funding for businesses by locating large-scale investors in corporate bonds. … Read more
What Is the Difference Between Investment Banks and Merchant Banks? Investment banks specialize in initial public offers (IPOs) and major public and private share offerings. Merchant banks typically specialize in small businesses by providing inventive equity financing, bridge financing, mezzanine financing, and a variety of carefully defined corporate credit instruments. Investment banks and merchant banks … Read more
List Of Failing Banks From 2009 Until 2023 Citizens Bank of Sac City, Iowa, became the fifth FDIC-insured bank to fail this year. The Iowa Division of Banking closed the struggling bank on November 3. Earlier this year, Silicon Valley Bank failed on March 10 and Signature Bank fell two days later, ending an exceptional … Read more
List Of Failed Credit Unions From 2012 To 2023 Seven credit unions were placed under conservatorship or liquidation by the National Credit Union Administration (NCUA) in 2022, with two already in 2023. While credit unions failed multiple times in 2022, there were no Federal Deposit Insurance Corp. (FDIC) bank failures between 2021 and the March … Read more
Old National Bank Personal Loans 2024 Review Old National Bank provides cheap, stable rates and flexible terms to borrowers in eight states, however the bank has stringent credit requirements and no pre-qualification option. It’s ideal for Midwesterners who want an in-person experience, but most borrowers will be better serviced elsewhere. The Key Takeaways Old National … Read more
Safe Deposit Boxes: What You Should and Shouldn’t Store in One A safe deposit box is a lockable container, typically constructed of metal, used to keep valuables at a bank or credit union. These boxes are frequently stored in vaults and can be hired by bank customers for a fee. Passports, medical directives, original copies … Read more
Banks With Safety Deposit Boxes Fires, floods, storms, and tornadoes are all natural disasters that safety deposit boxes are meant to endure. Never keep a single copy of an important document in a safe deposit box. People who are hesitant to employ digital storage would benefit most from safe deposit boxes. Although having a co-lessor … Read more
Private Banking vs. Wealth Management: What Is the Difference? Private banking offers investment advice and seeks to address each client’s whole financial situation. Wealth management typically entails providing investment advice and carrying out transactions on behalf of wealthy clients. An Overview of Private Banking and Wealth Management Private banking and wealth management are similar phrases. … Read more
In recent years, a new type of bank has emerged – the mobile-only bank. As the name suggests, these banks operate entirely through mobile apps and have no physical branches. Some of the most well-known mobile banks include Chime, Varo, and Dave. The rise in mobile banking has led many people to consider switching from … Read more
Your bank accounts contain your hard-earned money and savings that are vital to your financial security. Unfortunately, criminals are always looking for opportunities to steal funds and personal information from unattended accounts. A compromised bank account can quickly snowball into a major financial disaster if all your money is drained or stolen. It is essential … Read more
With rising interest rates and economic uncertainty in 2024, many people are looking for ways to save money and find better banking services. One option to consider is switching from a traditional bank to a credit union. Credit unions are member-owned, not-for-profit financial cooperatives that provide many of the same services as banks but often … Read more
A checking account is a basic banking product that allows you to deposit money, withdraw cash, pay bills, and manage your day-to-day finances. Choosing the right type of checking account is important, as different accounts offer different features, services, and fees. In this comprehensive guide, we will discuss the main types of checking accounts available … Read more
Opening a checking account is an important step in taking control of your finances. With a checking account, you have a safe place to keep your money, you can write checks, withdraw cash, pay bills online, and earn interest. Having a checking account establishes your financial identity and provides a record of your spending and … Read more
Debit card fraud has become increasingly common all over the world. With the rise in online shopping, contactless payments, and digital banking, criminals have more opportunities to steal debit card information and make unauthorized purchases. According to data from the Nigerian Inter-Bank Settlement System (NIBSS), debit card fraud rose by 182% between 2017 and 2021. … Read more
Writing checks is a common way to make payments, yet many people find the process confusing or intimidating. With the right guidance, writing checks can become a simple and straightforward task. In this guide, we will walk through the step-by-step process for properly filling out checks. Whether you are new to writing checks or need … Read more