If you earned interest on money in your bank account, then you are obligated to report these earnings on your income tax return. It doesn’t matter if you’ve earned $10 or $100 in bank interest payments. You must report these … Continued
When you have a savings or checking account with Bank of America, they require you to maintain a minimum balance in that account. If you fail to maintain this minimum balance, the bank will charge you a monthly fee of … Continued
People don’t often consider the owners of a bank when they open an account or take out a loan at a particular bank. However, in recent years, a trend started using the hashtag #BankBlack. In this movement, citizens of the … Continued
Most of us understand the basic concept of the American credit system and how it functions. Whenever you apply for a new loan or credit card, it is normal for the lender to look at your creditworthiness and debt history … Continued
There are many reasons you might need to know your savings or checking account number. You may need it to fill out a wire transfer request form, when initiating an ACH transfer online from another bank, or when talking to … Continued
If you do not have an emergency fund set aside, it’s time to start building it. Over 60% of Americans say they are unable to cover an unexpected setback of $1000 with their own savings. With the uncertainty that many … Continued
Many banks offer great promos when you become a new customer and open a savings or checking account. However, most of these bank promotions require setting up direct deposit before you earn the bonus. What if you don’t want to, … Continued
1. Save your prepaid debit card after it is used. Have you ever wanted to sign up for a free online trial but worry about getting scammed? You just know the company will try to cheat you and charge you … Continued