It takes us three days to post checks to your account
Just because you deposited a check today doesn’t mean you can start living it up tomorrow. (And why should we hurry? If you bounce a check, we collect around $30.) Surprised? Here are 23 more secrets a financial advisor won’t tell you.
Make sure you have the right loss and theft protection
If you’re using your ATM card for debit transactions, ask your bank what kind of protection it offers if the card is stolen or lost. Thousands of dollars could be pulled from your checking account and, in many cases, you wouldn’t be nearly as protected as you would be with a stolen credit card. Don’t miss these 10 times swiping your debit card puts your money at risk.
Beware of the universal default clause
Before you sign up for a bank-issued credit card, ask if it has a “universal default clause”—also known as “the ultimate poison clause in credit cards.” If it does, run for the nearest exit. It allows the bank to look through all your credit accounts, and if it sees that you’re late paying a bill on another card, it gets to jack up the interest rate on its card. If you’ve had a bad credit history, use these 11 ways to improve your credit score.