Category: Banking
Ally Bank vs. Capital One 360: Which Banking Option Is Best for You?

If you're deciding between Ally Bank and Capital One 360, discover the best banking option for you in this guide. Compare features and benefits to make an informed choice!

Bank Guarantee vs Letter of Credit: Understanding the Differences

Confused between Bank Guarantee (BG) and Letter of Credit (LC)? Read on to understand them, their features, and when to use them to secure transactions

From Compliance to Security: Top Five Reasons Banks Close Your Account

Discover the common reasons why banks may have decided to close your account. Also, understand Things to Do After a Bank Closes Your Account.

Pros and cons of certificates of deposit (CDs)

Investing your money can be a daunting process. Discover the pros and cons of investing in CDs so you can decide whether this is the best method for reaching your financial goals.

Bank of America Business Advantage Travel Rewards

With this card, which does not have an annual fee, you will get 1.5 points for every dollar spent and 3 points for every $ spent on travel purchases made via Bank of America® Travel Center.

What Is The Difference Between A Checking And A Savings Account?

Unlike some other accounts, checking accounts often do not limit the number of transactions you can make each month. Interest earned from savings accounts might help your money grow, but you may be limited in the number of withdrawals you can make each month. When choosing an account, it's important to consider the costs, annual percentage yield (APY) on deposits, withdrawal policies, and convenience of online banking. Compared to traditional banks, several online financial institutions now provide no- or low-fee checking accounts and higher interest rates on savings accounts. Be on the lookout for discounts and savings schemes.

A Complete Guide to What Is Bank Credit?

A "bank credit" is a loan that a bank offers to its customers to meet their personal or business needs, with or without a guarantee or collateral, to earn a periodic interest rate on the loan amount. At the end of the loan term, the principal will be returned to you, as agreed upon and stated in the loan agreement.

Best features of Credit Card Authorized User

An authorized user has been granted permission to use another individual's credit card. The principal cardholder is the owner of the credit account and is referred to by that Title.