What Do Banks Consider Before Giving a Loan?

What Do Banks Consider Before Giving a Loan?

A bank looks at 5 things when deciding whether or not to approve a loan, called the “Five C’s of Credit”: Credit History: This tells them how consistently you’ve made payments on any loans, credit cards, or mortgages in the past. Capacity: The...
Tips for Using Online Banking Safely

Tips for Using Online Banking Safely

Whether you’re new to online banking or you’ve been using it for years, it’s important to take steps to make sure all of your online information is secure. Here’s how: Ask your bank how they monitor fraud, if they use anti-virus protection on...
What is Online Banking?

What is Online Banking?

Online banking is a way to manage your bank accounts from your computer or mobile device. Most banks have mobile applications that allow you to access your account, make transfers, deposit checks, and more, all from your smartphone. Why get access to online banking?...
What is a Debit Card?

What is a Debit Card?

A debit card is a plastic card that helps you quickly access the funds in your bank account through an ATM or by making purchases. A debit card is protected by a pin number that you have to enter when accessing your account through an ATM and sometimes when making a...
I’m a Student, Can I Open a Bank Account?

I’m a Student, Can I Open a Bank Account?

The answer in most cases is, yes. When looking for a student bank account, make sure you find one that will meet your needs. Here are some things to think about: What kind of fees do they charge if you overdraft, or spend more than you have in your account? Some banks...