
Sebastian Oliveira
Articles
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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.
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1 month ago |
usnews.com | Greg Garrison |Sebastian Oliveira |Mark Evitt
Key Takeaways Electronic Series EE and Series I savings bonds earn interest for 30 years, but are redeemable after 12 months. You can redeem paper savings bonds through the U.S. Treasury Department or at a financial institution. Most banks only cash paper savings bonds for existing customers, and some won't cash them at all. Savings bonds can be a great way to diversify your finances and protect your money from market risk, or you might have received one as a gift.
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1 month ago |
usnews.com | Casey Bond |Sebastian Oliveira |Mark Evitt
Key Takeaways Banks charge a variety of fees, which can eat into your savings if you aren't careful. When shopping around for a new bank account, it's important to know what fees the bank charges. Before opening a bank account, be sure you're aware of the requirements for avoiding or waiving fees. Bank fees can be pricey, and can catch you off guard when you can least afford them. Incurring a bank fee every now and then might seem insignificant, but over time these charges can add up.
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1 month ago |
usnews.com | Austin Cole |Sebastian Oliveira |Mark Evitt
Key Takeaways An overdraft happens when you try to use more money than you have in your checking account. You may incur a fee for overdrafting. Overdraft protection allows you to avoid an overdraft fee by pulling funds from a savings account or line of credit to cover the negative balance. Setting up low balance alerts could help you avoid overdraft incidents and keep you from relying on overdraft protection.
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2 months ago |
usnews.com | John Egan |Sebastian Oliveira |Mark Evitt
Key Takeaways Chase and Bank of America are the two biggest banks in the United States. Chase requires no minimum deposit for checking or savings and has more branch locations. Bank of America may offer better APYs for CDs and more access to wire transfers. While big banks tend to offer a lot of similar products, they have important differences that you can use to determine which one is right for you.
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