Using multiple bank accounts for budgeting takes practice, but it’s well worth learning how to do it. With the right accounts, you’ll have an easier time managing your cash flow and keeping your spending in check while maximizing the benefits of each account.
Online banks have no physical location and require you to do everything digitally — and because of that, they tend to come with lower fees and higher rates of return. Traditional banks, on the other hand, have brick-and-mortar locations, a wider range of products, and in-person customer service.
If you’re in the market for a new bank, you’re going to want to consider what products they offer, their fees and interest rates, and any fine print. It’s also a good idea to read reviews online and assess how the bank’s features will fit your lifestyle.
When you need to cash a check, there are plenty of places to do it that don’t require a bank account. You can cash a check at Walmart, grocery stores, check-cashing stores, and other places, depending on your situation.
Novo, Lili, Bluevine, LendingClub Bank, and NorthOne all offer online business checking accounts. How do they stack up against each other? We compare so you don’t have to.
The best place for short-term savings — money you may need in the next two years or less — is an account that’s safe, liquid, and (hopefully) interest-bearing. Think: high-yield savings accounts, money market accounts, T-bills, and cash management accounts.
Filling out a check is pretty straightforward, so don’t worry if you’re not sure where to start. You’ll just need to note the date, payee, and amount (in two spots!), and don’t forget to sign it. Here’s how to make sure it’s all done correctly.
If you plan on spending a significant time abroad, you should seriously consider opening an international bank account. Here’s how to just that.
The Bank Account Buffer™ is your very first step toward financial security and peace of mind. Learn why you need a Bank Account Buffer™ and how to create one.
Using an online bank account for your business banking is a secure, convenient, low-cost way to manage your business funds and keep your finances organized. Learn more about using an online business bank account.