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Posts by Crystal Sommer

link to What Happens During a Bank Run?

What Happens During a Bank Run?

Before the introduction of banks, people stored their money in places they considered safe. But the introduction of banks brought about a modernized, safe, and perhaps, profitable way to store money....

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link to Why Is the World Economy Collapsing?

Why Is the World Economy Collapsing?

The year 2019 was fairly good. The world economy was doing great, everyone was happy, and business was not bad. However, the following year, things changed. Coronavirus came, claimed many lives, and...

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link to How Much Do Credit Card Companies Make per Transaction?

How Much Do Credit Card Companies Make per Transaction?

Credit card companies are those banks and credit unions that offer you credit cards. Of course, since these companies are business oriented, they aim to make profits and not offer you free financial...

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link to How to Remove a Hold on a Bank Account?

How to Remove a Hold on a Bank Account?

Banks holds are like a security system that, when triggered, implement protective measures to protect the bank and its customers. While there are instances when a hold is placed on your bank for...

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link to How Long Do Banks Hold Settlement Checks?

How Long Do Banks Hold Settlement Checks?

After filing a personal injury claim, and things work in your favor, you are entitled to a settlement check. A settlement check is money that helps cover the losses or damages incurred in your...

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link to How Long Do Banks Keep Mortgage Records?

How Long Do Banks Keep Mortgage Records?

If you are looking to purchase your dream home, you'll likely need financial help, which can come in the form of a loan. A mortgage loan is a go-to loan for individuals who wish to own a home but...

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