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How to Keep Your Information Safe When Online Banking

24Aug

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Money

How to Keep Your Information Safe When Online Banking

Online banking gives customers real-time access to their finances. The convenience and ease of access to information makes online banking great for everything from long-term financial planning to dealing with emergencies. The vast majority of traditional banks offer some form of digital banking in addition to their brick-and-mortar locations, while other banks are online-only.Mobile banking apps and online portals might provide extraordinary access to your finances, but some consumers are still worried about the security of online banking. Here is everything you need to know about protecting your information when banking online.Are Online Banks Safe and Secure?One of the main benefits to banking online is convenience. Many banks' services, such as verifying account balances, transferring ...

How to Choose a Bank

With so many options available, identifying the financial institution that will best meet your needs can be a challenge. As you begin your search, keep one thing in mind: The bank you end up choosing should suit your financial situation.In fact, it may be best to have a relationship with multiple banks in order to meet all of your banking needs. "I think in this day and age, I don't think you're going to find a one-size-fits-all," says Charles Sachs, certified financial planner and chief investment officer at Kaufman Rossin Wealth, a financial planning firm. He says instead you may want to bank with a couple of institutions with different attributes.Not all banks are created equal. Each offers different types of accounts, services, interest rates, fees and more. Whether you're moving, hea...

Checking vs. Savings Accounts: How Different Are They?

Checking accounts and savings accounts are two important types of bank accounts to help you manage your money. However, if you're new to the world of banking, you might not be familiar with how they work or complement each other.So if you're curious whether you're better off with a checking versus a savings account, read on to learn about their benefits and find out which one is best for you.What Is a Checking Account?A checking account is a type of deposit account that allows you to easily access your money for daily transactions, such as paying bills or making purchases.Checking accounts generally come with checks and a debit card you can use to pay for expenses. Account holders can use their debit card or write as many checks as they would like, tapping their account balance. There are...