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Can You Write Checks From a Traditional Savings Account—Answered

Date: January 6, 2025

Traditional savings accounts are a great option if you want to grow your money hassle-free, but they also come with restrictions. For example, you might not be able to withdraw funds whenever you like, and you may have to maintain a certain account balance to earn interest.  With these limitations in mind, you may wonder—can […]

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Passbook Savings Account—Definition, Rates of Return, and Alternatives

Date: January 6, 2025

With the rise of online banking, relying on physical records of our payments and transactions has become less common. Besides banking apps and electronic payment systems, many banks also offer online savings accounts, allowing you to keep your funds safe without ever visiting a bank in person. Still, many people prefer going to the bank […]

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How To Close a Savings Account—Tips & Steps To Take

Date: January 5, 2025

There are various reasons why you may want to close your current savings account, such as switching to a bank that offers higher interest rates or charges lower fees. Whatever your reason, opening a new account and closing an existing one are the first steps to take. If you want to avoid potential account closing […]

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Should I Open a Savings Account? Here’s What To Consider

Date: January 5, 2025

Savings accounts are a popular method of accumulating funds. In fact, around 68% of Americans reported having a standard savings account. While traditional savings accounts don’t pay much interest, high-yield ones do, and they can help you generate actual wealth. Still, aside from their many pros, savings accounts have certain disadvantages that might make you […]

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Mobile Deposit Fake Check—How To Catch One and Remain Safe

Date: January 5, 2025

Mobile checks allow you to deposit checks into your bank account without visiting a bank branch or ATM. You take a photo of the check and submit it through your bank’s mobile app. If someone has recently paid you via a mobile deposit check, you might be wondering if there’s a risk of a scam. […]

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All You Need To Know About Zelle Fraud (+ Ways To Avoid It)

Date: January 2, 2025

In 2023, payment fraud and investment scams accounted for a large share of reported financial crime cases—a 15% increase from the previous year, according to the 2024 AFP Payments Fraud and Control Survey Report. Technological advancements and innovations have given room for the rapid rise in online payment scams, and fintech companies like Zelle suffer […]

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How To Get a Cash App Scam Refund—Steps Explained

Date: January 2, 2025

Cash App is an American peer-to-peer transaction service used to send money, split bills, and get paid. This fast and convenient app is used by millions. However, with this popularity comes a rise in scams that can put users’ finances at risk. If you’re concerned about the security of your transactions or fear you’ve fallen […]

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Types of Square Debit Card Fraud and What To Do About Them

Date: January 1, 2025

Square is a business technology platform that lets businesses handle in-person and online transactions. It provides tools for processing credit and debit card payments through mobile readers, registers, and online platforms.  As Square’s popularity has increased, so has the frequency of fraud and chargebacks for merchants. In this article, we’ll explore the types of Square […]

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How To Report Zelle Fraud and Recover Funds

Date: January 1, 2025

Zelle fraud isn’t uncommon—the company has even faced a senate probe for unacceptably high fraud rates. According to John Breyault, the Vice President of the National Consumers League, the losses due to Zelle scams are likely to exceed one billion dollars in 2025. If you’re one of the many Zelle users scammed on the platform, […]

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How To Spot Zelle Scams via Text Message

Date: January 1, 2025

Zelle makes money transfers quick and easy. While this benefits legitimate app users, it also enables scammers to quickly siphon money from Zelle accounts before victims realize they’ve been tricked. Zelle scams cost users around $440 million in 2021. If you use the app, it’s important to stay informed about Zelle scam text messages so […]

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