Mark Evitt

Culver City

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Articles

Here's How Much Money You Need in Your Savings Account

3 days ago | usnews.com | Jessica Merritt |Sebastian Oliveira |Mark Evitt

Key Takeaways Though it depends on your financial situation, you should try to have enough savings to cover three to six months of expenses in case of an emergency. Stashing 20% of your monthly income is a good way to start building your savings. You can continue to grow your savings by using a budget, automating your savings and managing your debt.
How to Use PayPal

1 week ago | usnews.com | Dawn Papandrea |Sebastian Oliveira |Mark Evitt

Key Takeaways PayPal is the most popular digital payment system in the world, mostly used to send and receive money or make online purchases. Setting up a PayPal account is easy and free, and can be accessed online or via the PayPal app. PayPal also has other features and services, including Pay in 4, business accounts and its own debit and credit cards. What Is PayPal?
How to Use Venmo

1 week ago | usnews.com | Dawn Papandrea |Sebastian Oliveira |Mark Evitt

Key Takeaways Venmo is one of the most popular payment apps in the United States. You can use Venmo to send and receive cash from friends, or even make some purchases with participating merchants or with the Venmo debit card. The app has a social media feed component that makes it popular with younger users. Part payment app, part social media, Venmo offers a convenient way for friends to request and send payments.
Why You Still Might Want to Bank Locally in 2025

1 week ago | usnews.com | Jessica Merritt |Colin Hogan |Mark Evitt

Key Takeaways Local banks excel at handling complex or urgent banking needs. Many community banks offer competitive digital tools, including mobile apps. Working with a local banker whom you have an established history with can help you reach your financial goals. Online banks have changed the way consumers manage money. With the ability to instantly open an account and to manage your money at your fingertips, banking has never been more convenient.
If You Had a Capital One Savings Account, the Bank Might Owe You Money

2 weeks ago | usnews.com | Greg Garrison |Mark Evitt |Ray Frager

Key Takeaways Capital One will pay $425 million to customers to settle a lawsuit over its savings accounts. Customers who've held a 360 Savings account anytime since Sept. 18, 2019, are eligible to claim money. Payout amounts will be proportionate to how much potential interest each claimant missed out on.
Soon the Federal Government Won't Issue Paper Checks. Here's Why That's a Good Thing

2 weeks ago | usnews.com | Greg Garrison |Mark Evitt |Ray Frager

Key Takeaways The federal government is phasing out the use of paper checks by Sept. 30, 2025. Social Security benefits and tax refunds will only be paid electronically. Check use has been declining for decades but is still commonly used for certain types of transactions. The paper check's days in the federal government are numbered. But how much longer will we pay with checks at all? President Donald Trump has given departments and agencies until Sept.
How Do Money Orders Work?

3 weeks ago | usnews.com | Casey Bond |Sebastian Oliveira |Mark Evitt

Key Takeaways A money order is a prepaid form of payment guaranteed by a financial institution. Once you fill out the money order with the information for the two accounts involved and sign it, you can send it by mail or deliver it in person. You can purchase a money order at a financial institution, post office and certain convenience or retail stores. You probably rely on a combination of cash, credit cards and even personal checks to cover your daily spending.
Today's 20-Year Fixed Mortgage Rates

3 weeks ago | money.usnews.com | Austin Cole |Adriana Ocanas |Mark Evitt |Gina Freeman

National Average Mortgage RatesRates data is based on a borrower with good credit, a conforming loan amount (at least $200,000 but less than the national conforming loan amount), and a loan-to-value ratio of less than 80% (For purchase loans, this corresponds to a down payment of 20% or more). © Zillow, Inc., 2006-2016.
These Fintechs Are Revolutionizing Small-Business Lending

4 weeks ago | money.usnews.com | Dawn Papandrea |Colin Hogan |Mark Evitt

Getty ImagesFintechs are reimagining small business lending by cutting through red tape and reducing traditional lending restrictions. Key Takeaways Many small businesses face hurdles when they seek traditional financing, such as credit or longevity requirements. Fintechs are using technology to assess business borrowers and make lending more accessible. Small-business banking fintechs offer unique products tailored to fit different business sizes and capital needs.
How to Set Up Direct Deposit at Your Bank

1 month ago | usnews.com | John Egan |Sebastian Oliveira |Mark Evitt

Key Takeaways Direct deposit is a type of electronic money transfer that automatically sends funds from a payer to your bank account. You can set up direct deposit with an employer or government entity by obtaining, completing and submitting a direct deposit authorization form. Direct deposit provides quick access to funds and less risk of theft or loss than paper checks.