The financial news that actually matters
Covers everything related to bank deposits, withdrawals, transaction delays, limits, and processing rules. This section helps users understand how money moves between accounts and what affects transaction speed and availability.
Three out of every four families who signed up a child for a Trump Account have not completed the step needed to receive the government’s $1,000 seed deposit, and the window for private contributions opens in fewer than six weeks. The IRS reports that taxpayers have enrolled more than 4 million children in the program,…
A married couple keeps $400,000 in a savings account at a single bank, titled in one spouse’s name only. If that bank fails tomorrow, federal deposit insurance covers $250,000. The remaining $150,000 is exposed. Had both spouses been listed as co-owners on the same account, the entire $400,000 would have been insured. No second bank,…
In 2024, Utah’s state treasurer cut checks totaling $37.4 million to residents who had no idea the money existed. The funds came from forgotten bank accounts, final paychecks never picked up, and utility deposits left behind after a move. One mid-sized state, one fiscal year, $37.4 million returned. Now multiply that across all 50 states….
In fiscal year 2022-23, the most recent year for which the state has published results, North Carolina’s treasurer office mailed thousands of checks totaling more than $108 million to residents who had searched the state’s NCCash.com portal and discovered money they had no idea existed. Old utility deposits. Insurance refunds that bounced back. Final paychecks…
A customer with $25,000 sitting in a standard savings account at JPMorgan Chase, Bank of America, or Wells Fargo will collect roughly $98 in interest over the next 12 months. Move that same balance to a high-yield online savings account at a bank like Marcus by Goldman Sachs, Ally, or Capital One 360, and the…
The Federal Deposit Insurance Corporation has been putting more energy into a message that sounds simple but still trips up many Americans: most bank deposits are protected, but only up to specific limits and only under specific rules. That matters because confusion about deposit insurance tends to surge whenever the banking sector looks shaky, and…