A lawsuit from the CFPB proves just how popular the peer-to-peer service is with fraudsters, and what makes it especially vulnerable to scams. Zelle is an electronic person-to-person payment service offered by many U.S. banks as an alternative to nonbank P2P services, like PayPal or Venmo. Zelle is convenient if you have a bank checking or savings…
Learn how many branches and ATMs the largest banks have. When it comes to choosing a bank, you have many options throughout the U.S. However, if you’re looking for a bank with robust offerings and a large presence, it can help to start with one of the country’s biggest banks. Read on to learn more…
If you need to send a large sum of money securely, learn how to do a wire transfer. Imagine you need to pay money to a title company to wrap up a home purchase. Or perhaps you need to send cash to your grandmother in Mexico. In both of these cases, and many others, you need…
Opening an account with a new bank doesn’t have to be a challenge. There are many reasons to switch banks. Perhaps your new bank is in a better location, has fewer fees, offers higher interest rates on savings accounts or has friendlier customer service. But after you’ve made the decision to switch, the actual process of transferring…
Credit unions and banks offer many of the same types of financial products and services. But there are some key differences between the two. From ownership structure to membership requirements, there are a lot of differences between banks and credit unions that are essential to know before choosing where to put your money. You may…
Higher interest rates mean borrowing becomes more expensive. But on the flip side, your savings account can earn more. Interest rates have held steady in 2024 and are unlikely to decline substantially anytime soon, though the Federal Reserve is widely expected to make a cut to rates when it meets in September. See what that means for…
After a volatile 2023, most U.S. regional bank stocks stabilized in 2024. Looking ahead to 2025, analysts anticipate that solid economic growth and a friendly regulatory environment could help banks generate impressive loan growth, with a potential rebound in investment banking and mergers and acquisitions helping boost fee revenue. At the same time, falling interest…
