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Overdraft

Overdraft An overdraft occurs when you don’t have enough money in your account to cover a transaction, but the bank pays the transaction anyway. You […]

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Non-sufficient funds (NSF) fees

Non-sufficient funds (NSF) fees An NSF or non-sufficient funds fee may occur when your check or electronic authorization is not paid due to a lack […]

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Money market account

What is a money market account? A money market account is a special type of account offered by banks and credit unions. Money market accounts […]

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Joint account

Joint account If you would like to enable a friend or family member to write checks and make deposits on your behalf, you might consider […]

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Individual taxpayer identification number (ITIN)

Individual taxpayer identification number (ITIN) An ITIN is an identification number that you get from the Internal Revenue Service. An ITIN is only available for […]

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Guardian of property

What is a guardian of property? A guardian of property is someone the court names to manage money and property for someone else whom the […]

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Fiduciary

Fiduciary A fiduciary is someone who manages money or property for someone else. When you are named a fiduciary, you are required by law to […]

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Deposit hold

Deposit hold The amount of time a bank or credit union holds funds you deposit by check is sometimes referred to as a “deposit hold” […]

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Demand draft

What is a demand draft, telephone check, or preauthorized draft? A demand draft allows someone to withdraw money from your checking account without your signature. […]

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Certificate of deposit (CD) rollover

What is a certificate of deposit (CD) rollover or renewal? A rollover or renewal can occur at the end of the term of a CD. […]

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