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Check Stolen From Mail and Cashed—What Should You Do?

Date: January 10, 2025

According to the 2024 AFP® Payments Fraud and Control Survey Report, 80% of the organizations surveyed dealt with attempted or successful payment fraud in 2023. That’s a 15% jump in one year. Even more concerning is that checks remain a prime target for criminals. In fact, 65% of respondents in the mentioned survey reported check-related […]

If My Bank Account Has Been Hacked, Can I Get My Money Back?—Answered

Date: January 10, 2025

Millions of people fall victim to bank account hacks every year. In 2023 alone, 29% of adults in the U.S. had their accounts taken over, and 42% of these were bank accounts. If you find yourself in this unfortunate but increasingly likely situation, you might be wondering—if my bank account has been hacked, can I […]

Check Fraud—Definition, Types & Prevention Tips

Date: January 10, 2025

Check fraud is a serious crime that targets individuals and businesses alike, and it seems like it won’t subside any time soon. In fact, 2023 statistics reveal that financial institutions filed 680,000 suspicious activity reports for possible check fraud in 2022 alone. If this isn’t concerning enough, according to Nasdaq’s Global Financial Crime Report, the […]

Roth IRA vs. Savings Account—Differences & Similarities Explained

Date: January 9, 2025

Getting an early start on saving for retirement is key to establishing a strong financial foundation by the time you plan to retire. There are various ways you can start your savings journey, from investing funds in stocks to putting money in specialized or traditional savings accounts. One of the top choices among accounts that […]

Pros and Cons of a High-Yield Savings Account—All You Need To Know

Date: January 9, 2025

High-yield savings accounts are known to pay higher interest rates than traditional savings accounts, yet 82% of Americans don’t keep their funds in this type of savings account. Some of the likely reasons for this are that many believe there must be a catch for high-yield savings accounts to offer such high returns, or they […]

Do Savings Accounts Have Routing Numbers—Everything You Should Know

Date: January 8, 2025

Routing numbers are typically associated with checking accounts, and you can easily find them on paper checks. However, if you have a savings account and wish to set up automatic deposits to your account or transfer money between multiple savings accounts, you may need to use your savings account’s routing number. But do savings accounts […]

Savings Accounts for Grandchildren—Requirements and Account Options

Date: January 8, 2025

Opening a savings account for your grandchild is a great way to help them establish a strong financial foundation. However, you’ll have to provide certain information to do so, and some of it may be difficult to obtain since you’re not the child’s parent. If you’re considering savings accounts for grandchildren, this guide will provide […]

Savings Account Pros and Cons—Everything You Need To Know

Date: January 7, 2025

Keeping funds in a savings account is a great way to grow wealth over time and collect money for short-term and long-term goals. While you could also store cash in a piggy bank and avoid the hassle of choosing and opening a savings account, you’d be missing out on two huge benefits—savings accounts are safer, […]

What Is APY on a Savings Account? Find Out What You’ll Earn

Date: January 7, 2025

Opening a savings account is one of the best choices for putting funds aside and growing your money. It comes with many advantages —it’s low-risk, easy to set up, and offers high interest rates. However, before choosing and opening a savings account, you need to make sure you’re getting the best deal. This is where […]

Is Your Money Stuck in an Online Savings Account? Understanding Withdrawal Rules

Date: January 7, 2025

Online savings accounts offer more convenience and higher` interest rates than brick-and-mortar options. This makes them an excellent investment vehicle for people who want to grow their savings from the comfort of their homes. Still, there’s one question that users often ask when considering online accounts—is your money stuck in an online savings account? In […]

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