In order to get the best banking services you need to decide what aspects of banking you find most important. You should consider bank hours, branch locations, interest rates, banking fees, and many other factors when selecting the best bank. Once you prioritize your list you can then compare the banks on each of factors…
You need different materials ready depending on how you open a bank account. All methods of opening an account require proof of age, address, and legal status. Opening a bank account can take up to half an hour so make sure you have enough time to open your account. If you’re opening a joint account…
A zero balance account is a type of account that can make payments but does not carry a balance. A small business checking account that only carries enough funds to pay off its vendors is a type of zero balance account. Zero balance accounts are almost always in the form of a business checking account….
Bank reconciliation is any time you compare documents from a bank with documents from an account holder. Businesses and individuals will sometimes take part in bank reconciliation. If you balance your checkbook you can compare your own record keeping to the bank’s statements on your checking account and make sure they match up. This is…
Every time you write a check there’s a certain amount of time between when you actually write the check to when the funds are deducted from your checking account. This time can include time taken to mail the check and the time it takes the receiver to get to the bank to cash your check….
If you were going to sign up for a Costco membership they’re now offering a free booklet of $50 worth of coupons when you sign up. The price for membership remains the same which is $50 a year for Gold and $100 for Executive membership. The promo code is smartsave for Gold and smartsaveEX for…
A currency converter shows the worth of one currency amount when it’s converted to a foreign currency. Currency conversions calculations can be made based on the foreign exchange (FOREX) market which is always open. Over 3 trillion dollars are traded over the FOREX everyday. A currency converter is useful when visiting foreign countries and you…
A taxable estate is the assets from a deceased person that have been left behind and are subject to taxation. There are a lot of assets that can be considered a taxable estate. It isn’t just property that’s subject to taxation. Real estate that’s jointly owned with a spouse is subject to taxation after one…
When someone opens a new checking account they usually get a free set of checks known as starter checks. They give out starter checks to both personal accounts and business accounts. Starter checks aren’t customized at all and only contain the customer’s account number and routing number, but not their personal information. Once you get…
A wire transfer is the electronic transfer of money from one place to another. In a bank to bank transfer electronic balances are adjusted but to actual hard cash is exchanged. This is a very safe and secure method of transferring funds as you need to verify your personal information in order to complete a…