Banking

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Banking

Pros and Cons of a High-Yield Savings Account. Explained

When exploring the pros and cons of high yield savings accounts, you will find that the primary advantage of HYSAs is their higher interest rates. Traditional savings accounts often have interest rates below 0.33%, while the average rate for high-yield savings accounts is 3.5% to 4.5% or higher, depending on market conditions.

August 8, 2023
Team Beem

What is a Visa prepaid card and how to use it

The possibilities for spending with Visa prepaid cards are truly endless. However, there are certain things to consider before starting to use them.

January 18, 2023
Nivedita Majumdar

All you need to know about money orders

A money order is an alternate option to cash and personal checks, money orders eliminate the risk of your money getting stolen.

October 21, 2022
Johnathan James

Multiple Savings Accounts: Do You Need Them?

Savings accounts are helpful. But how much is too much? Here's the answer to the question: should you have more then one savings account?

October 18, 2022
Richard Samuel

Should couples have separate bank accounts?

Many financial experts will tell you that having separate financial accounts as a couple is critical to a healthy relationship as it builds trust and keeps money out of the equation.

October 13, 2022
Richard Samuel

October’s round of Stimulus Checks is here

According to reports, Google recently warned its employees: "There will be blood on the streets if next quarter's results don't look up." Yes, it does sound scary. But thankfully, the next round of stimulus checks are here to provide relief.

October 11, 2022
Team Beem

How to Write a Check: Dos and Don’ts

Ever faced with what you need to write on a check? Here are all the dos and don'ts that goes into writing a check.

September 15, 2022
Devanshee Dave

How to make a mobile check deposit

How often are you required to deposit a check? If you ever have to queue up in a line at the bank for a check deposit, remember, there is an easier option.

September 15, 2022
Richard Samuel

Why couples should keep separate bank accounts

Experts tend to believe that having a separate bank account means having a distant relationship with your partner. In the case where one partner is bringing a fortune and the other partner doesn't have anything, it makes sense to have a separate bank account.

September 5, 2022
Devanshee Dave

What can you do with a prepaid debit card?

When you hear prepaid debit card, think of it as a gift card. It allows you to spend any amount of money is stored on the card. When you're low on balance, you can reload the card online or at an ATM.

September 4, 2022
Richard Samuel

How to Stop Paying Bank Atm Charges

In the United States, the average charge for withdrawing money from an out-of-network ATM is $2.01. If you are in a situation where you have to give cash only then you can look out on your bank or credit union's website for a free ATM.

September 1, 2022
Devanshee Dave

How to Close Your Bank Account

The first step to take before closing an account is to open a new bank account. Before closing an account, you will need to inform your bank and update your information for the subscriptions, services, and bills that you usually pay to be canceled and transferred to the new account.

August 31, 2022
Devanshee Dave

How you can avoid bank ATM fees

Many times, you have to pay fees on the usage of out-of-network bank ATMs. Such fees can cost you $50 to $60 annually. Choosing a bank as per your needs, such as where usage is higher: international ATMs, domestic ATMs or out-of-network ATMs, can help you benefit in waived fees.

August 31, 2022
Devanshee Dave

How to cancel a money order

If the money order is not cashed, you can cancel it. You would be needed to fill a request form to cancel the money order. This would include the purchase date of the money order, its location, amount and the tracking ID.

August 31, 2022
Devanshee Dave

How Much Cash to Keep in Your Checking Account

You don’t earn interest on the cash in a checking account and thus there is no need to keep an excessive amount. You should have an amount equal to your one or two months of expenses in addition to a 20% to 30% buffer cash in your checking account.

August 31, 2022
Devanshee Dave