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How to Choose the Right Bank Account

Opening a new bank account is a major step in your life, and as such it should not be taken lightly. Depending upon the use that you have intended for the account, certain options might be very beneficial to you while others might not be beneficial at all.

Defining Common Banking Terms

Banking is one of the most important industries in the world today. The economy of every country in the world flows through the various banks and financial institutions that exist in the world.

Guide to Automatic Teller Machines

Have you ever stopped to wonder exactly how it is that automatic teller machines (known as ATM’s) work? It seems so simple.

How to Write a Will

Just thinking about how to write a will is enough to put some people off. It does not have to be a morbid experience. It is a necessity and makes for good financial sense.

How to Avoid Overdraft and Bounced Cheque Fees

Here are some useful tips on how to avoid overdraft and bounced cheque fees. When you write a cheque, withdraw money from an cash machine, use your debit card to make a purchase or make an Direct Debit bill payment or other electronic payment for more than the amount in your current account, you overdraw your account.

Understanding Compound Interest

With all of the financial terms in the world, it seems that few are more confusing than compound interest. Perhaps it is the name that leads people to misunderstand exactly how it is that compound interest works, or maybe it’s the formula that is used to compute it.

Utilizing the Internet to Compare Banks

If you’re in the market for a new bank or are simply looking at different banks so that you can determine which one to apply for a loan from, it’s important to have an easy way to compare the services that each bank offers. Though often overlooked for this purpose, a wealth of bank information can be found on the individual banks’ websites and from other online financial sites.

Choosing the Right Interest Bearing Cheque Account

For years, consumers had to pay for the convenience of being able to write cheques for the goods and services that they purchased. As time has gone by, however, a number of banks have not only gotten rid of some of the excess charges and fees associated with cheque accounts but have also begun creating cheque accounts that pay interest to the account holder. These interest bearing cheque accounts are a great boon to customers who maintain a healthy balance in their account, but not all are created equal.

An Overview of Cheque Cashing Services

Sometimes, it seems as though you just can’t find the money that you need when you need it and it’s made even worse by the fact that if you could wait until your next payday you would be able to afford whatever you are short on at the moment without much of a problem. Luckily, there are a variety of options available for people in just that situation.

Saving With Certificates of Deposit

Though they are somewhat of a staple of the financial services offered by banks, a large number of people aren’t entirely sure how certificates of deposit work. They might know that certificates of deposit, or CD’s, are usually purchased from a bank and that they last for set periods of time, but they might not know how savings are built with these CD’s or what some of the terminology associated with CD investments mean.

Deciding on a Certificate of Deposit

An alternative to a regular savings account is a savings certificate, also known as a certificate of deposit (CD) from a bank, savings and loan, brokerage firm or as a share certificate from a credit union. CD’s earn money at a higher rate of interest than savings accounts. By signing up for a CD, you agree to leave money with the savings institution or brokerage firm for a specified period of time.

What Are Cashier’s Cheques?

Even though the term “cashier’s cheque” is somewhat common, there are many people who aren’t exactly sure what a cashier’s cheque is or how they are supposed to be used. If you’ve found yourself wondering about these same things whenever you’ve heard a mention of a cashier’s cheque, then the information provided below should help you to understand exactly what these cheques are, where they’re issued, and how they can be used.

A Guide to Electronic Funds Transfers

Electronic funds transfers are one of the many useful services that may be offered by your local bank for your convenience. Unfortunately, a number of people don’t even know whether or not their bank offers this service. If you’ve ever wondered whether electronic funds transfers could be of use to you or exactly how these transfers work, then this article is intended to give you a brief overview of the process.