We typically think of a checking account as a tool to help us manage the ho-hum aspects of our daily financial lives: we use it write checks for the babysitter, to get cash from the ATM at lunchtime, and to pay for groceries after work. We don't usually think of our checking accounts as something that can save us – or make us – money. But maybe we should rethink our checking.
It’s tax season and a new scam involving stolen data from tax professionals, fraudulent tax filings, and erroneous checking account deposits has law enforcement and the Internal Revenue Service (IRS) on high alert.
Here’s how the scam works and what to do if a mysterious tax refund appears in your checking account or mailbox.
Getting your child a checking account with a debit card is a good idea at some point, but when do you know the right time? Here’s what to look for.
Back in the day, I got a paper paycheck every Thursday from my employer. It was a highlight of the week, for sure. What wasn’t fun was depositing my check. I had to scoot directly from work, arriving at the bank minutes before it closed.
If I ran late, it meant waiting two more days before I could make a deposit. Then I had to stand in line with everyone else on Saturday morning. I definitely had better things to do.
My kids got theirs at age seven! But as a teacher of personal financial management, I am a bit fanatical about educating my children. Here are some things to consider when deciding when to open a checking account for your children.