If you need help when it comes to banking and money related transactions such as money orders, debit cards, and even PayPal, this is the place to be. You'll find help on choosing the right bank and accounts, choosing the right online payment processor, tracking money orders, and even how to set up your banking to match your personal finance goals.
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.
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.
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.
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?
If you are asking, how can I transfer money to my mother’s bank account, or for that matter, my sister or son (you fill in the gap), don’t worry. Transferring money to other bank accounts is now a simple task and sometimes it can be done instantly. Find out how to wire money to bank accounts.