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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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Regulation E protects consumers who use electronic fund transfers, outlining their rights and the responsibilities of financial institutions. Regulation E is a key consumer protection rule that governs electronic transactions. …

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