Banking

The internet is developing its own money independent of borders, banks and regulation. How will this affect how we play?

Joining a local credit union has several distinct advantages over a bank. Should you switch accounts?

Online banking makes paying bills easier and faster, any time of day or night. The advantage of paying bills in the wee hours of the morning and transferring funds from one account to another without having to wait for regular banking hours has its appeal, but there are downsides worthy of mention.

While the most commonly heard trust terms are revocable, irrevocable or living trusts, there is another legal trust form called a grantor trust. The steps for establishing a grantor trust must be undertaken carefully to avoid the tax issues that may occur.

The bank money lost in fraud amounts to millions of dollars per year. Criminals, computer errors, and dishonest employees are some of the main causes. Learn about bank fraud, how much money is lost, and how banks strive to prevent loss. By knowing how money is lost, you can better protect yourself.

When settling an estate, the assets of a trust are turned over to the beneficiary or to multiple beneficiaries. The original trust document becomes null and void upon the death of the trustee. Can a beneficiary make a deposit into a trust? Not directly. Legal channels are available for this purpose.

While the maker of a trust is alive, the beneficiaries have a limited interest in the trust. An irrevocable trust cannot dilute assets without beneficiary approval. There may be multiple beneficiaries to an irrevocable trust. Can a majority of beneficiaries force one out? Yes, they can with cause.

The Secretary of State for each state collects and maintains business records. If you are wondering how to find the tax ID number for a company, start by searching the website of the state agency that registers businesses for the state. Learn the steps to finding the information you seek.

Many financial institutions offer online banking to make functions such as bill payment more convenient for customers. Banking online is safe, easy and convenient. Learn how to get started!

What is involved with obtaining a Sallie Mae unsubsidized student loan? Do you know what is involved with becoming eligible for such a loan? Have you learned about what your enrollment requirements are if you get a Sallie Mae loan? Learn all you need to know before taking this student loan here.

Are you are still joining long bank lines to do business? I use these proven methods on how to send money instantly to someone from my bank account and you can too!

Community property states may play a role in how banking law joint marital accounts are applied. Those who live in community property states may not be keeping their bank account balances from a spouse in the event of their death. Understanding banking law basics can help you make better decisions.

If you have not used your health care spending account, you may be wondering if you can attempt an HSA rollover to an IRA account. While some of the rules of HSAs and IRAs are similar, the funds cannot be co-mingled and are not allowed to be rolled over. HSA funds may be invested or kept in cash.

A new or growing company that needs funding should look into the advantages of using equity capital. Equity capital can shave years off the time it takes to develop a business, and it can also launch a business that might not otherwise get off the ground.

Sometimes the riskiest investments can be the most rewarding, and other times they can, well, take us to the bank. If you have the stomach for the risk, investing in new companies can line your pockets in grand fashion. If not, you should probably stay with the masses in a safe mutual fund.

Ever wonder what a check routing number is and where it’s located on a check? Learn about the parts of a check and how important the routing number is and why.

What is a balloon payment loan and how does a balloon payment affect the interest on your loan? A balloon payment loan allows a borrower to borrow at a fixed interest rate for an initial period. After the initial period he will have to close the loan either by refinancing or by paying in full.

Here, we will look at the popular methods of calculating the interest charge on loans and also answer the question: Can banks charge interest on interest for loans or is it just charged on the principal?

In this article we define prime interest rate (prime lending rate), and explain how it is set and by whom.