Banking Basics

Monthly, overdraft, ATM, wire and foreign transaction fees explained, with practical ways to avoid them and lower your banking costs.

A step-by-step checklist for switching banks safely: open the new account, move direct deposit and bills, avoid overdrafts and close the old account.

Learn how to open a bank account online, what you need, how identity verification works and how to fund your account safely.

APY vs interest rate explained in plain English, with the APY formula, worked examples and tips for comparing savings accounts.

Should you choose an online bank or a traditional bank? We compare fees, interest rates, service, cash access and security.

How does FDIC insurance work? We explain the coverage limit, what is and is not covered, and how to check that your bank is insured.