Check deposits are one of the best and most secure ways to send money to individuals. However, as with other payment methods, there seems to be a little confusion regarding check deposits. For...
Posts by GetOutOfDebtHub
Say you wrote a check of $100,000 to your cousin, and it gets lost. What does this mean? It simply means whoever finds the check may be able to cash it and claim the money. The same applies to a...
Have you ever heard of the term "banker's bank?" if yes, then the chances are that you know what Reserve Banks are? If not, then you need some brushing up in that area. FRS banks are majorly the...
After you receive your paycheck for the month, what do you do next? You assign a portion of it to the payment of bills and other expenses, and then you proceed to keep the rest in the bank. Of...
As you know, your debit card is directly linked to your checking account. Unlike your credit card, transactions made on this card are deducted from your bank account. What does this mean? It means...
The introduction of debit and credit cards has transformed several in the financial world. Aside from adding ease and simplicity to transaction processes, these cards also allow individuals to move...