Keep your cash in a bank account that serves your needs. Evaluate in-depth options and dig into the details with trusted reviews that help you make the smartest decisions.
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Frequently Asked Questions
Which bank is best?
There is no one bank that’s best for everyone. Choose a bank based on your needs. Are you looking for an online-only bank or one with branches you can visit in person? Do you want a large bank with lots of services and locations or a smaller institution that may have better rates and lower fees but fewer branches and services? Once you answer those questions, you can narrow your search and then look at reputable reviews to find the best bank for you.
Learn More: Best Banks
How can I find my routing number?
Yes, if your credit card is a cash-back rewards card. These cards offer a small percentage of cash back on most types of purchase transactions. The best cash-back cards return 2% on every purchase. Some may offer a lower base rate (like 1%) but a higher one in specific categories, like gas or dining out (as high as 5%).
Learn More: Pros and Cons of Cash-Back Credit Cards
How do I stop payment on a check?
You can stop payment on a check any time before it has been cashed. You’ll need to call your bank and give them the check number, amount, payee, and date. You’ll also need to pay a fee ($30 is typical) and follow up on your request in writing. The bank will flag the check and reject it if anyone tries to cash it. Most stop check orders last for about six months.
Learn More: How To Stop Payment on a Check
How do I deposit a check?
There are several ways to deposit checks at most financial institutions. You may be able to deposit it in person at a branch, via a mobile app, or at an ATM. You’ll need to endorse the check by signing your name on the back, and you may need to fill out a deposit slip as well.
Learn More: How To Deposit a Check
How can I send a wire transfer?
You can wire money through your bank to someone else in the U.S. or in another country. You’ll need to fill out a form from your bank, either in person or online, that lists your bank account number and the recipient’s name, account details, and routing number (for international transfers, you’ll need the SWIFT ID or BIC instead of a routing number). If the recipient is in the U.S., they may be able to get the funds the same day you make the transfer. Fees typically run from $15 to $50.
Learn More: How To Use a Bank Wire
How secure are checking and savings accounts?
A checking or savings account is far safer than carrying cash. You’ll automatically enjoy the built-in security features offered by reputable banks, including passwords, protection against unauthorized debit card transactions, and online security protocols such as firewalls, encryption and multifactor authentication, all of which can help protect against identity theft and fraud.
Opening a bank account—whether it’s checking, savings or both—is an important step toward managing your money and building your financial foundation over time.
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