How the Check 21 Banking Law affects Customers

The Check Clearing for the 21st Century (Check 21) Act affects banking customers throughout the United States, potentially making them vulnerable to extra bank fees — and worse, unintentionally bounced checks. This Act, designed to benefit the banking industry, is actually testament to the ongoing march of automation in the banking business, and outside of … Continue reading How the Check 21 Banking Law affects Customers

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Finding the Right Bank Account — Evaluating Alternatives

Finding the right bank account seems to be very difficult. Many people have several checking and savings accounts running simultaneously with no actual benefit. It would be better than have one efficient checking account and one efficient savings account running and then you don’t have to worry anymore about your day-to-day banking. There are two … Continue reading Finding the Right Bank Account — Evaluating Alternatives

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Student Checking Accounts: A Great Way to Teach Money Management

Student checking accounts may be one of the best ways to help a student, either high school or college bound, learn how to budget, account for, and manage their own funds. Here, we have information on student checking accounts. Also, see our our checking lessons section for some helpful teaching and learning worksheets and lessons. Student … Continue reading Student Checking Accounts: A Great Way to Teach Money Management

Categories Banking, Kids & Money, Personal Finance1 Comment

Bank Accounts and Accounting: A General Overview

Nobody is thrilled when they get their monthly bank statement. Whether the balance shown is negative, less than expected, or the account just needs to be reconciled, it’s a time almost everyone would like to avoid. Why? I think the greatest contributor to this attitude: we simply do not know enough about banking, reconciling, and account management to look … Continue reading Bank Accounts and Accounting: A General Overview

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