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A virtual card is a digital version of your physical credit or debit card, designed to make online shopping safer and more convenient. Instead of using the card number printed …
What Is a Virtual Card? – Simple and Easy Explanation Read More
A variable rate is an interest rate that can change over time, rather than staying fixed for the life of a loan, line of credit, or deposit account. Unlike fixed …
What Is a Variable Rate? – Simple and Easy Explanation Read More
Funds deposited in your bank account that haven’t fully cleared yet and are not available for immediate withdrawal. When you deposit a check, it may feel like the money should …
What Are Uncollected Funds? – Simple and Easy Explanation Read More
A travelers check is a secure, prepaid paper check you can use like cash while traveling, protected from loss or theft for extra peace of mind. Understanding the Travelers Check …
What Is a Travelers Check? – Simple and Easy Explanation Read More
A transfer is the movement of money from one account to another. This can happen within the same bank or between different financial institutions, and it’s one of the most …
What Is a Transfer? – Simple and Easy Explanation Read More
A time deposit, commonly known as a Certificate of Deposit (CD), lets you earn guaranteed interest by keeping your money in the bank for a fixed period of time. A …
What Is a Time Deposit (CD)? – Simple and Easy Explanation Read More
A stop payment is a bank request that prevents a check or authorized payment from being processed. If you ever lose a check, suspect fraud, or need to cancel a …
What Is Stop Payment? – Simple and Easy Explanation Read More
A clear and friendly guide to understanding simple interest and how it affects your savings, loans, and everyday financial decisions. Simple interest is one of the most basic and easy-to-understand …
What Is Simple Interest? – Simple and Easy Explanation Read More
A savings account is a safe place to keep your money while earning interest, making it one of the most common and useful banking tools for managing personal finances. A …
What Is a Savings Account? – Simple and Easy Explanation Read More
A returned item happens when your bank sends a payment back unpaid because your account doesn’t have enough available funds to cover it. A returned item occurs when you do …
What Is a Returned Item? – Simple and Easy Explanation Read More