FDIC stands for Federal Deposit Insurance Corporation. A bank account that is FDIC-insured means that your money is insured by the federal government, usually up to $250,000. What you should know: If a bank fails and cannot give all of its customers the money in their...
A credit card is a plastic card that lets you access a line of credit offered by a bank. The money you have available on the card is borrowed from the bank, and you have to pay it back over time or at the end of the month, depending on the terms. For example, you need...
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...
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...
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?...
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