Personal Banking

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As of 2015, Ally Bank,is one of the best banks offering online checking accounts, according to U.S. News & World Report Money, Kiplinger and PC Magazine. Bank of Internet USA also has an excellent online checking account reputation, according to U.S. News & World Report Money and PC Magazine.

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  • How do you cash a check if you don't have an ID?

    Q: How do you cash a check if you don't have an ID?

    A: According to the United States Uniform Commercial Code, a person must be identified as the authorized recipient of a payable instrument to transform it to cash. Even though there is no universal identification requirement in place, a form of ID is typically required to cash a check at a bank.
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  • Where can you cash a check on Sunday?

    Q: Where can you cash a check on Sunday?

    A: Depending on the type of check, there are several locations available for cashing a check on Sunday. Some banks, such as TCF Bank, are open on Sundays. Other locations include Wal-Mart, Kmart, certain grocery stores, select convenience stores such as 7-Eleven or a check cashing store such as Ace Cash Express.
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  • What is the definition of withdrawal slip?

    Q: What is the definition of withdrawal slip?

    A: A withdrawal slip is a bank document on which a person writes the date, account number and amount of money to withdraw from a bank. It is called a withdrawal slip because it is used to make a withdrawal from a person’s account. It includes important information that allows the bank to keep an accurate record of the withdrawal and provide the required amount.
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  • Can I check my bank account balance online?

    Q: Can I check my bank account balance online?

    A: When a consumer banks with a company that offers online banking services, he is typically able to check account balances online. Some bank customers neglect reconciling and monitoring account activity because of the convenience of reviewing account balances online, according to Bankrate.
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  • Who is responsible for a person's medical bills after that person dies?

    Q: Who is responsible for a person's medical bills after that person dies?

    A: After death, a person's unpaid medical bills are the responsibility of the person's insurance company and the estate, according to Debt.org. Once a person dies, all of the assets associated with that person, including any house, car, life insurance and other monies, pass into an estate. The estate is typically handled by an executor named in the deceased's will.
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  • What is telebanking?

    Q: What is telebanking?

    A: Telebanking is the process of handling bank accounts over the phone. It is also referred to as telephone banking. This service is commonly offered by banks, credit unions and credit card companies. There are often fees associated with using this service.
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  • What can you use a SMS payment for?

    Q: What can you use a SMS payment for?

    A: SMS payments may be used to pay for digital goods and services, merchandise in retails stores and to transfer funds from one bank account to another individual or a business account. According to Mobile Transaction, as of 2013, the use of mobile phones to make SMS payments is growing rapidly among businesses and consumers.
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  • Where is the account number on my debit card?

    Q: Where is the account number on my debit card?

    A: The account number associated with a debit card is not located anywhere on the card; rather, the number located on the middle of the front side of a debit card is that card's number itself. The number on the back side of the card, typically three digits, is used to secure the instrument better and to protect against fraudulent use.
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  • What are disadvantages of electronic funds transfer?

    Q: What are disadvantages of electronic funds transfer?

    A: A disadvantage of electronic funds transfer (EFT) is that the process cannot be reversed if a sender should enter an incorrect account number. The APSense website states that other disadvantages associated with EFT include the potential for hacking of personal banking details and periodic technical difficulties.
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  • Do cashier's checks expire?

    Q: Do cashier's checks expire?

    A: Cashier's checks themselves do not expire as personal checks do. However, the funds behind the check are subject to state escheat laws.
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  • How long are travelers cheques valid for?

    Q: How long are travelers cheques valid for?

    A: Two main companies, American Express and Thomas Cook, issue travellers cheques, and neither of the products have expiration dates. According to American Express, unused cheques can be saved for future trips or cashed out when no longer needed.
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  • What grocery stores cash money orders?

    Q: What grocery stores cash money orders?

    A: As of 2014, a select few grocery stores cash money orders, including Giant Eagle, Food Lion, Food Land and Publix. In addition, some chain stores, such as CVS and Ace Check Cashing, also cash money orders.
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  • How do you change a debit card PIN number?

    Q: How do you change a debit card PIN number?

    A: To change a debit card PIN number, customers must contact their banking institution by phone or in person, and verify their identities through a series of security questions. Once the customer's identity is verified, he or she will be instructed to enter a new PIN number into a bank keypad or their telephone keypad. There are also some banking institutions that allow their customers to change their debit card PIN number online.
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  • What is the role of a personal banker?

    Q: What is the role of a personal banker?

    A: A personal banker is employed in a bank or another financial institution and helps customers manage their money and find appropriate solutions for their financial needs. Personal bankers must have a strong working knowledge of the types of services that their financial institution offers and be able to share this information with clients to accommodate their economic desires.
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  • How do I open a checking account online?

    Q: How do I open a checking account online?

    A: To open a checking account online, choose a specific bank and visit their company website to follow the outlined steps. According to Regions Bank, some banks allow clients to open a checking account from the privacy of their own homes, as long as they already have certain vital information.
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  • What is the definition of a dishonored check?

    Q: What is the definition of a dishonored check?

    A: A dishonored check is defined as a check that has been presented to a banking institution for payment and has been returned to the depositor due to insufficient funds. Dishonored checks are also referred to as bounced checks or returned checks.
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  • How long does it take to get an unemployment check?

    Q: How long does it take to get an unemployment check?

    A: Unemployment checks typically begin to arrive two to three weeks after the state unemployment agency receives an unemployment claim. The process takes this long because the agency must process the unemployment claim, making sure the information is accurate and the claim is valid.
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  • What is the definition of "certified funds"?

    Q: What is the definition of "certified funds"?

    A: Certified funds are monies that are guaranteed by the bank. When a bank issues certified funds, the monies are already taken from the customer's bank account and are guaranteed to be available to the creditor, according to About.com.
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  • How long does it take to process a refund on a debit card?

    Q: How long does it take to process a refund on a debit card?

    A: Refunds are generally processed and funds returned to the debit card on the customer's bank account within 10 business days. However, there are cases in which a refund takes longer to process.
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  • How long do you have to cash a personal check?

    Q: How long do you have to cash a personal check?

    A: According to the Consumer Financial Protection Bureau, a personal check must be cashed within six months to ensure payment. After six months, banks and credit unions are not required to cash the check.
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  • How long is a check valid for?

    Q: How long is a check valid for?

    A: Checks generally do not have expiration dates, and banks may cash checks even if they were written more than six months in the past. However, banks have the option to honor or dishonor a check more than six months old.
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