Online Banking Articles & Guides

Why You May Need a Separate Business Checking Account

Still mixing business and personal expenses in one account? That convenience might come at a hidden cost.

5 Reasons You Need a Separate Bank Account for Your LLC

Jun. 18, 2025

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.

What Is a High Yield Savings Account and How They Work?

Jun. 15, 2025

What Is a High Yield Savings Account and How They Work?

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.

Jun. 15, 2025

Where Can I Exchange Foreign Currency?

Planning an international trip raises an important question: Where can I exchange foreign currency?

Jun. 04, 2025

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.

The Best Student Banking Account Options in {year}

The Best Student Banking Account Options in 2025

However, financial independence also means taking responsibility for managing your money and navigating the often confusing world of financial terminology.

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

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

From coffee runs to splitting bills, Apple Cash has changed how we handle day-to-day expenses.

How Many Bank Accounts Should I Have?

Managing your money can be complicated on its own, but juggling funds in multiple accounts can add another layer of difficulty to your financial planning. Still, having multiple bank accounts can offer many benefits, depending on your financial goals.

ATM Withdrawal Limits: Everything You Need to Know

ATM Withdrawal Limits: Everything You Need to Know

Ever hit an unexpected ATM withdrawal limit when you needed cash? You're not alone.

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

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

Choosing between a bank and credit union means weighing personalized service against modern convenience. Here's what you need to know.

Is Online Banking Safe? Know the Risks and How To Protect Yourself

Is Online Banking Safe? Know the Risks and How To Protect Yourself

Online banking is the new standard, and beyond being convenient, it's also relatively safe. However, there are risks involved in digitally sharing your personal and financial information. Here's what you need to know to keep your money safe the next time you bank online.

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.

Simple Interest vs. Compound Interest: What's the Difference?

May. 28, 2025

Simple Interest vs. Compound Interest: What's the Difference?

Interest — or a surcharge applied when you borrow money — is a reality of most financial products. But interest comes in different forms, so it’s important to understand how charges apply before signing up for any loan or investment.

What’s the Typical Minimum Balance for Online Savings Accounts?

May. 22, 2025

What’s the Typical Minimum Balance for Online Savings Accounts?

When you open a savings account, there are several requirements to keep an eye out for, including monthly maintenance fees, initial deposits and minimum balances.

What Is Simple Interest? How it Works And Who Benefits

May. 20, 2025

What Is Simple Interest? How it Works And Who Benefits

When you borrow money, you are almost always responsible for paying interest or a charge associated with repaying what you owe. In the same vein, when you save or invest money with a financial institution, it will likely pay you interest in exchange for banking or investing with them.

Our Best High-Yield Savings Accounts of 2025

May. 16, 2025

7 min read

Our Best High-Yield Savings Accounts of 2025

Standard savings accounts provide a safe place to store your money, but pay very little interest, limiting your returns.

How To Open A Savings Account For A Child

May. 15, 2025

How To Open A Savings Account For A Child

A child savings account does more than store money—it's a hands-on tool that can shape your child's financial future.

How to Transfer Money From One Bank to Another

May. 14, 2025

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.

What Is a Savings Account and How Does it Work?

May. 13, 2025

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.

What Is Overdraft Protection and How Does It Work?

May. 13, 2025

What Is Overdraft Protection and How Does It Work?

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.

8 Good Reasons to Spend Money from Your Emergency Fund

May. 13, 2025

8 Good Reasons to Spend Money from Your Emergency Fund

You've probably heard about the importance of having an emergency fund. Most financial experts recommend storing three-to-six months of expenses in an accessible savings account in case of a financial crisis — like unemployment or an unexpected expense.

72% of Gen Z Prefer Online Banks: Our Survey Reveals

May. 12, 2025

7 min read

72% of Gen Z Prefer Online Banks: Our Survey Reveals

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.

How to Choose the Best CD for Your Savings Goals

May. 12, 2025

How to Choose the Best CD for Your Savings Goals

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 to Switch Banks: A Step-by-Step Guide

May. 11, 2025

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.

Small Business Owners, Choose an Account That Fits Your Lifestyle

May. 06, 2025

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.

Professional Tips on How to Manage Your Money During Chaotic Times

May. 06, 2025

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.

2025 Savings Rate Forecast: Will Rates Drop?

May. 06, 2025

2025 Savings Rate Forecast: Will Rates Drop?

In the last few years, consumers have enjoyed record-high annual percentage yields (APYs) on their savings accounts, thanks primarily to the Federal Reserve raising its federal funds rate in an effort to curb inflation. Inflation slowed in 2024, though, and savings rates fell in tandem during the last quarter.

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

Apr. 29, 2025

What You Need to Know to Get The Best CD Rates in 2025

A CD, or certificate of deposit, is a savings product offered by banks and credit unions, which pays a fixed rate of interest for a set period of time. To make CDs more appealing, CD rates are typically higher than savings accounts rates. CDs with longer terms (the amount of time you lock your money away) typically carry higher interest rates. So how can you make sure to get the best CD rates?

Apr. 21, 2025

Our Best Checking Accounts for 2025

A checking account is a bank account that centralizes your daily financial transactions.

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 2025.

How to Apply and Qualify for Second Chance Banking

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.

Millennials and Gen Zers Are Disrupting Online Banking

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.

Enjoy the Best of Both Worlds with a Money Market Account

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.

How Banks Are Building Trust with Customers in {year}

How Banks Are Building Trust with Customers in 2025

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.

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.

A Step by Step Guide to Opening an Online Bank Account

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 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 Choose the Right Online Bank for You

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.

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.

Feb. 20, 2025

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.

How We Rate and Select Top Online Banks and Financial Institutions

Jan. 29, 2025

How We Rate and Select Top Online Banks and Financial Institutions

We’ve created the following process to identify the most suitable online banking companies for your needs and deliver on our mission to help you make informed decisions.

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

Aug. 29, 2024