Online Banking Articles & Guides

How Online Banking Can Keep You Safe

Until recently, using online banking services was an alternative to going to your good old brick-and-mortar bank. But nowadays, digital banking is the only way to go.

A Step by Step Guide to Opening an Online Bank Account

Dec. 10, 2024

A Step by Step Guide to Opening an Online Bank Account

Whether it’s grocery shopping, getting a mortgage, or managing your money—doing things online is more convenient. Most major banks let you do some things with online banking or even mobile banking, but they generally still require you to turn up in person to open an account.

How to Choose the Right Online Bank for You

Dec. 05, 2024

How to Choose the Right Online Bank for You

So, you’ve decided to open an account with an online bank? Online banks offer many benefits over regular banks, including more convenience, lower fees, and no waiting in lines.

ATM Withdrawal Limits: Everything You Need to Know

Dec. 05, 2024

ATM Withdrawal Limits: Everything You Need to Know

While these limits can be frustrating, banks implement them to protect customers and manage resources effectively.

Bank vs. Credit Union: What’s The Difference?

Dec. 05, 2024

Bank vs. Credit Union: What’s The Difference?

Looking to choose between a bank vs. credit union?

How to Transfer Apple Cash to Your Bank: Step-by-Step Instructions

Dec. 03, 2024

How to Transfer Apple Cash to Your Bank: Step-by-Step Instructions

Apple Cash simplifies digital payments by letting you send money, make purchases, and manage funds right from your iPhone.

How To Open A Bank Account: Everything You Need

How To Open A Bank Account: Everything You Need

You can streamline opening a bank account by collecting the necessary identification documents, preparing financially to fund the account, and choosing the best account and bank for your financial objectives.

How to Switch Banks: A Step-by-Step Guide

How to Switch Banks: A Step-by-Step Guide

Switching banks can be daunting, but sometimes it's necessary to find better services, lower fees, or improved customer support.

Should You Invest or Put Your Money Into a Savings Account?

Should You Invest or Put Your Money Into a Savings Account?

The stock market is up 13% year-to-date, house prices are high, and your friend is telling you to buy Bitcoin. With so many ways to invest money, is a savings account worth considering? We run the ruler over the pros and cons of opening an online savings account.

What Is a Savings Account and How Does it Work?

What Is a Savings Account and How Does it Work?

A savings account is a type of bank account that allows you to store your money in a safe place and earn interest. The rules and interest rates vary from bank to bank. Some savings accounts require a minimum balance, while others don’t have any requirements. The average APY, or annual percentage yield, for savings accounts is currently around 0.10%. Top online banks promise APYs as high as 2.25%.

What Is Annual Percentage Yield (APY)?

You may notice if you’re shopping for a savings account that banks advertise both an interest rate and an annual percentage rate, or APY. While an account’s interest rate can give you a basic idea of how much you can earn on your deposits, its APY gives you a better picture of your potential returns.

How to Transfer Money From One Bank to Another

Nov. 18, 2024

How to Transfer Money From One Bank to Another

If you have ever needed to settle up with a friend after dinner or shuffle some cash between accounts at multiple banks, you’ll know there are several ways to do so.

Nov. 18, 2024

5 Steps for Switching to an Online Bank

Surveys over the years have consistently shown that most Americans prefer to stick with their existing bank even when they know they are being charged too much.

5 Reasons You Need a Separate Bank Account for Your LLC

Nov. 17, 2024

5 Reasons You Need a Separate Bank Account for Your LLC

An LLC—or Limited Liability Company—is a legal entity that protects business owners’ personal assets from liability related to their business. It’s a critical structure to make sure that your business and personal finances are separate. This is especially true if you’re a sole proprietor or someone who owns an unincorporated business on your own.

Enjoy the Best of Both Worlds with a Money Market Account

Nov. 17, 2024

Enjoy the Best of Both Worlds with a Money Market Account

Money market accounts are savings deposit accounts that are offered by many different banks, credit unions, and other financial institutions. They are a popular option if you want to make the most of your savings, offering savers a way to enjoy higher interest rates without giving up on easy access to funds.

What Is Overdraft Protection? A Complete Guide to Safeguarding Your Finances

Nov. 05, 2024

What Is Overdraft Protection? A Complete Guide to Safeguarding Your Finances

If you spend more money than you have in your checking account, your balance will go negative, and your bank will charge you an overdraft fee. Overdraft protection is a feature offered by many banks to help you avoid these fees by covering transactions when your account is overdrawn.

Nov. 05, 2024

7 min read

How to Close a Bank Account

In this article, we’ll break down how you can close your bank account properly, the steps you need to take, and some considerations before shutting down your old account.

Make the Most of Your Money with a High-Yield CD Account

Nov. 03, 2024

Make the Most of Your Money with a High-Yield CD Account

If you're looking to save your money, you should consider using a Certificate of Deposit, or CD account. CDs are increasingly popular and for good reason. They are savings funds that promise a higher, fixed rate of interest, in exchange for locking your money away for specific amounts of time. Here’s everything you need to know about choosing a CD.

How Banks Are Building Trust with Customers in {year}

Nov. 03, 2024

How Banks Are Building Trust with Customers in 2024

While the 2008 financial crisis has deteriorated Americans’ trust in banks to a record low, the last few years may have actually been a turning point for the good.

What You Need to Know Before Opening a High Yield Savings Account

Nov. 03, 2024

What You Need to Know Before Opening a High Yield Savings Account

Whether you’re just entering the workforce or getting ready to retire, it’s important to have a rainy day fund where you can sock away some of your hard-earned cash. A high yield savings account may be just what you need to help you store money thanks to its combination of liquidity, return on investment, and cost.

72% of Gen Z Favors Online-Only Banking for Managing Finances

Oct. 28, 2024

7 min read

72% of Gen Z Favors Online-Only Banking for Managing Finances

Are traditional banks keeping up with the times? As the world becomes increasingly digital, younger generations demand banking solutions that align with their tech-savvy lifestyles. Gen Z, born between 1997 and 2012, is at the forefront of this digital banking revolution.

Millennials and Gen Zers Are Disrupting Online Banking

Oct. 28, 2024

Millennials and Gen Zers Are Disrupting Online Banking

The bank branch as we know it could soon become a relic of the recent past, like the telephone box and Rolodex. That’s because people in their twenties and mid-thirties are embracing digital banking more quickly than their older counterparts.

The Best Banking Apps to Revolutionize Your Finances in {year}

Oct. 08, 2024

The Best Banking Apps to Revolutionize Your Finances in 2024

In recent years smartphones have become the gateway to everything from ordering take-out to finding a date, so it’s hardly a surprise that more and more of us are turning to mobile apps to manage our finances. Below, we’ll take an in-depth look at the pros and cons of mobile banking before exploring our top picks for banking apps.

How to Apply and Qualify for Second Chance Banking

Sep. 18, 2024

How to Apply and Qualify for Second Chance Banking

Second chance bank accounts are checking accounts that you may be able to open even if you’ve consistently been denied when trying to open checking accounts at major banks. In this guide, we’ll explain how second chance banking works and review the 3 best second chance bank accounts you can apply for today.

Small Business Owners, Choose an Account That Fits Your Lifestyle

Sep. 12, 2024

Small Business Owners, Choose an Account That Fits Your Lifestyle

So, you’re setting up a new business, and there are plenty of exciting decisions to make. What should you name your company? How many employees should you hire? Do you need a website? Although questions relating to your business checking account may not be as exciting, choosing the right banking product could play a vital role in ensuring your day-to-day operations run as smoothly as possible.

Sep. 12, 2024

Are No-Fees Banks Becoming the Norm?

Find out how digital banking is disrupting the scene in major ways and how you can take advantage of no or low-fee financial products in 2024.

MMA vs. CD Accounts: Which Should Be Your Choice?

Aug. 29, 2024

MMA vs. CD Accounts: Which Should Be Your Choice?

Certificates of Deposit (CDs) and Money Market Accounts (MMAs) can be excellent options for those looking to earn more interest on their savings. However, in order to know which product is right for you, it’s important to learn about the pros and cons of each, as well as any possible strings it may come attached to.

Jul. 10, 2024

12 Ways to Boost Your Savings

With inflation soaring and everyday expenses becoming increasingly unaffordable, saving is more of a challenge than ever for many Americans. However, while times are undeniably tough, there are things you can do to help you save as much as possible and get the most competitive return on the funds you do have. Here are our top 12 tips for boosting savings during these challenging times.

Professional Tips on How to Manage Your Money During Chaotic Times

Jul. 09, 2024

Professional Tips on How to Manage Your Money During Chaotic Times

We gathered four leading personal finance professionals to discuss the state of the economy, how it affects American households and what you can do to keep your head above water during this high tide.

What You Need to Know to Get The Best CD Rates in {year}

Sep. 05, 2022