This is what you should know about transferring money in 2020
The finance industry has changed a lot over recent years. What used to be the golden standard of making payments is quickly becoming obsolete. Gone are the days of checkbooks, cash, and loose change. Now, anyone can send money to practically anywhere in the world with the quick tap of a few buttons. Thanks to…
Shopping Online This Season? Look Out for Seasonal Scams.
Each year, as millions of Americans ready their credit cards to make billions of dollars worth of holiday gifts, an outside threat looms: a possible data breach. Without question, holiday breaches, which in the past have included a hack on Macy’s and Target. However, this year threatens to be significantly more dangerous, as social distancing…
Heading Into the Holidays, How Will COVID-19 Change Seasonal Sales
Usually, this time of year is filled with excitement and relief for different retail sellers that look to move into the black. As individuals take care of holiday gift shopping and spend their hard-earned holiday bonuses, store owners can take a deep breath knowing that their numbers will likely move up a little. But this…
Advertisement
Is My Money Safe in the Bank?
The recent economic downturns have many of us asking ourselves questions: how do we know our money is safe in the bank? In past times of economic troubles, such as the Great Depression, it wasn’t uncommon for banks to experience what’s known as a “bank run”: when a large number of customers withdraw their cash…
What is the Difference between a CD and a Money Market Account?
What is a Certificate of Deposit (CD)? A certificate of deposit (CD) is a low-risk, timed deposit account, meaning that you deposit money into it and you cannot touch it until a certain date. CDs have a minimum investment requirement – which varies by institution – and pay a fixed or variable rate of interest…
Personal Finance for Main St
When residents of Main St look for news on how the economy is performed that day, it's often reported in terms of how the "Dow" or the S&P 500 performed that day. So what is the Dow? Ditto for the S&P 500?
