Introduction to a Bank Check for Kids and Teens This video explains the concept of checks in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about a check (or cheque), or used as a money & personal finance resource by parents and teachers as part …
Introduction to Front Office, Middle Office and Back Office for Kids and Teens This video explains the concept of front office, middle office and back office in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about them, or used as a money & personal finance …
When I was reading about investment banks, I came across the terms buy side and sell side. But what does that mean? Buy side and sell side is a way of classifying investment banks based on the type of clients they represent, and the services they provide to those clients. Some investment banks can …
Bank Transfer or ACH vs Wire Transfer for Kids and Teens This video does an ACH vs Wire Transfer comparison in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about their similarities and differences, or used as a money & personal finance resource by parents …
I recently read about an ACH transfer or bank transfer. But what is it? An ACH transfer is a popular method of sending or receiving money electronically. It is also widely used for paying bills online, and for direct deposit of salary. Why is it called ACH transfer? ACH stands for Automated Clearing House. …
We’ve talked about banks, but I heard about something called an online bank. Is it just another fancy name for online banking? Online banking is the ability to view your account activity, pay bills, transfer funds, deposit checks into your bank account, etc using the internet, either from a computer or a mobile device. …
What is a digital wallet? A digital wallet is an app that is an electronic version of your wallet – it stores information about your credit cards and bank accounts in electronic form on your phone. It can also store your driver’s license, health insurance card and other ID documents, as well as your …
We have talked about home equity loan and home equity Line of Credit or HELOC in the past. But can you please quickly summarize these for me? Both home equity loan and home equity Line of Credit let you borrow against your home equity. Both could give you access to a large amount of …
What is a safe deposit box? A safe deposit box is a container—normally a metal box—that you rent from a bank or a credit union to store important documents and valuables. It is kept in the bank’s vault, and is also known as safety deposit box. Why is a safe deposit box needed? Even …
We have talked about checks before. But I’ve heard about something called check clearing. What is check clearing? Check clearing is the process through which money moves from one account to another when the payment has been made by writing a check – the amount is taken or debited from the check writer’s bank, …
