Banking

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Money Orders vs. Cashier’s Checks: Which One Should You Use?

Money Orders vs. Cashier’s Checks: Which One Should You Use?

When you need to make a secure payment especially to someone you don’t know well cash, personal checks, or apps like Venmo may not be appropriate. In those situations, money …

Insurance

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What Is Written Premium

What Is Written Premium? – Simple and Easy Explanation

Written premium is the amount an insurance company charges for a policy during a specific period, based on risk, coverage, and expected costs. Understanding Written Premium in Simple Terms If …

Banking & Credit

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Zero Liability Protection*

What Is Zero Liability Protection? – Simple and Easy Explanation

Safeguard your finances with Bank of America’s Zero Liability Protection, a feature designed to protect you from unauthorized transactions on your cards. Zero Liability Protection is a guarantee offered by …

Taxes

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What Is Withholding

What Is Withholding? – Simple and Easy Explanation

Withholding, also known as “pay-as-you-earn” taxation, is the process where money is taken out of an employee’s paycheck by an employer and sent directly to the government. These withheld amounts …