Banking 101: How do banks make money?
Did you know your bank isn’t free? Banks make money in simple ways like monthly fees and interest income — and understanding those costs can help you avoid them.
Did you know your bank isn’t free? Banks make money in simple ways like monthly fees and interest income — and understanding those costs can help you avoid them.
At a minimum, you should have two bank accounts: one for daily expenses and one for savings. But depending on your lifestyle, you could benefit from more than that. Multiple accounts will help you to reach various savings goals, separate your bills from nonessential purchases, and more.
Filling out a check is pretty straightforward, so don’t worry if you’re not sure where to start. You’ll just need to note the date, payee, and amount (in two spots!), and don’t forget to sign it. Here’s how to make sure it’s all done correctly.
Traveling without a credit card can come with its own set of challenges, especially when it comes to booking a hotel room. If you hit the road without one, try using your debit card, asking for a courtesy hold, or even paying in cash.