Beware of tax refund anticipation loans (RALs). Find out how they work, who typically gets them, and why it’s never a good idea to get one for yourself.
Source: moneycrashers.com
Tax Refund Anticipation Loans (RALs) – Why You Should Stay Away
Money Market Account or Checking Account: Which Is Best For You?
If you’re looking for a new bank account that allows you to easily store as well as access your cash, you might be thinking about opening a money market account or checking account. But how do you know which to choose? Decisions, decisions. Both types of accounts have unique advantages, depending on your savings and spending goals.
âThink about how you will be using the money within the account,” says Jill Emanuel, lead financial coach at Fiscal Fitness. “Is this money for daily, weekly or monthly use? Or is it money that will not be needed regularly?”
You’ll probably need a little more to go on before answering the question, “How do I decide between a money market account or checking account?” No worries. Our roundup delves into the features of both types of accounts to help you determine which one could be right for your financial plans, or if there’s room for both in your money mix.
Get easy access to your funds with a checking account
In simple terms, a checking account allows you to write checks and make purchases with a debit card from the money you deposit into the account. That debit card can also be used to withdraw cash from the account via an ATM.
When deciding between a money market account or checking account, Emanuel says most people use a checking account for the primary management of their monthly income (i.e., where a portion of your paycheck is deposited) and daily expenses (often small and frequent transactions). âA checking account makes the most sense as the account where the majority of your transactions occur,” she adds. This is because a checking account typically comes with an unlimited number of transactionsâwhether you’re withdrawing cash from an ATM, transferring money to a savings account or swiping your debit card.
While a checking account is a good home base for your finances and a go-to if you need to easily and quickly access your funds, this account type typically earns little to no interest. Spoiler: This is one key difference when you compare a money market account vs. a checking account.
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âIf you plan to use your account for monthly bill payments and day-to-day transactions, you would be better suited with a checking account, as these support daily and frequent use.â
Grow your balance with a money market account
When you’re comparing a money market account vs. a checking account, think of a money market account as a savings vehicle that allows you to earn interest on the balance you keep in the account.
“A money market account is an interest-bearing bank account that typically has a higher interest rate than a checking account,” says Bola Sokunbi, certified financial education instructor and founder of Clever Girl Finance.
With some money market accounts, you can even earn more interest with a higher balance. Thanks to its interest-earning potential, a money market account can be the way to go if you’re looking for an account to help you reach your savings goals and priorities.
If you’re deciding between a money market account or checking account, you may think that a money market account seems like a typical savings account with your ability to earn, but it also has some features similar to a checking account. With a money market account, for example, you can withdraw cash from an ATM and use a debit card or checks to access money from the account. There are no limits on ATM withdrawals or official checks mailed to you.
Before you decide to use this account for your regular bills and your morning caffeine habit, know that federal law limits certain types of withdrawals and transfers from money market accounts to a combined total of six per calendar month per account. If you go over these limitations on more than an occasional basis, your financial institution may choose to close the account.
Don’t need regular access to your funds and want your money to grow until you do need it? Then the benefits of a money market account could be for you.
Deciding between a money market account or checking account
Still debating money market account or checking account? Here are some financial scenarios to help you determine which account may best suit your current needs and goals:
Go with a checking account if…
- You want to keep your funds liquid. If you’re thinking money market account or checking account, know that a checking account is built for very regular access to your funds. âIf you plan to use your account for monthly bill payments and day-to-day transactions, you would be better suited with a checking account, as these support daily and frequent use,” Sokunbi says. Think rent, cable, utilities, groceries, gas, maybe that morning caffeine craving. You get the idea.
- You want to earn rewards for your spending. When you’re comparing money market account vs. checking account, consider that with some checking accountsâlike Discover Cashback Debitâyou can earn cash back for your debit card purchases. The best part is you are earning cash back as you keep up with your regular expensesâno hoops to jump through or extra account activity needed. Then put that cashback toward fun things like date night, lunch at your favorite spot or a savings fund dedicated to something special.
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Get 1% cashback on Debit from Discover. 1% cashback on up to $3000 in debit card purchases every month. Limitations apply. Excludes Money market accounts.Discover Bank,Member FDIC.Learn More
- You want to deposit and withdraw without the stress of a balance requirement. If you do your research when comparing money market accounts vs. checking accounts, you’ll find that some checking accounts don’t require a minimum balance (or much of one). However, you may be required to maintain a minimum balance (and potentially a higher one) with a money market account in order to avoid a fee. If you’re accessing your money frequently and need to make large withdrawals, a checking account with no minimum balance requirement is a convenient option.
Go with a money market account if…
- You want to earn interest. âIf your money is just sitting there, it should be earning money,” Emanuel says of the money market account or checking account question. âI spoke with a woman recently who told me she’d had around $50,000 sitting in her checking account for at least the last 10 years, if not longer. If that money had been in a money market account for the same period of time, she would have earned thousands of dollars on it. Instead she earned nothing,” Emanuel says.
- You want to put short-term savings in a different account. If you have some short-term savings goals in mind (way to go!), you may benefit from keeping your savings separate from your more transactional checking account so you don’t dip into them for a different purpose. That whole out of sight, out of mind thing. âA money market account is the perfect place for money that will be accessed less frequently, such as an emergency fund [a.k.a. rainy day fund], a vacation fund or a place to park money after you’ve received an inheritance or proceeds from selling a home,” Emanuel says.
- You need an account to fund your overdraft protection. If you’re comparing money market account vs. checking account, consider that a money market account could also cross over to support spending goals. One way is in the form of overdraft protection. If you enroll in overdraft protection for your checking account, for example, you could designate that funds be pulled from your money market account to cover a balance shortfall.
.block-quote_1back { background-image: url(https://865cd2fc18498405a75a-f8cbe8cb758c89f0cd738fe08520ecb9.ssl.cf5.rackcdn.com/online-banking/banking-topics/wp-content/uploads/2017/09/1back-730×500.jpg); } @media (min-width: 730px) { .block-quote_1back { background-image: url(https://865cd2fc18498405a75a-f8cbe8cb758c89f0cd738fe08520ecb9.ssl.cf5.rackcdn.com/online-banking/banking-topics/wp-content/uploads/2017/09/1back-1600×600.jpg); } }
âA money market account is the perfect place for money that will be accessed less frequently, such as an emergency fund [a.k.a. rainy day fund], a vacation fund or a place to park money after you’ve received an inheritance or proceeds from selling a home.â
Using both accounts to achieve your financial goals
Speaking of crossover. Both spending and saving are vying for your attention, right? Consider leveraging both types of accounts if you have needs from the checking and money market account lists above.
“Personally, I use my checking account for bill payments, my day-to-day spending, writing checks and for any automatic debits I have each month,” Sokunbi says. She’s added a money market account to the mix “because of the higher interest rateâto store my savings for short-term goals, for investing or for money I’ll be needing soon,” she explains. Maybe it’s not about deciding between a money market account or a checking account, but getting the best of both worlds.
Before opening a money market account or checking account, do your research and compare your options to see which bank offers the best package of low or no fees and customer service, in addition to what you need from an interest and access to cash perspective.
The post Money Market Account or Checking Account: Which Is Best For You? appeared first on Discover Bank – Banking Topics Blog.
Source: discover.com
What’s the Best Strategy for Avoiding ATM Fees?
ATM fees are expensive and can add up quickly. Here are the 5 best ways you can save money by avoiding ATM fees.
Source: crediful.com
CIT Bank Locations? Where Are They?
CIT Bank locations: are there any near me?
CIT Bank is an online only-bank, so, unfortunately, they do not have any physical locations.
However, if you’re looking to know how to open a CIT Bank account beyond wondering if they have a location what are their current products and offers, then you have come to the right place.
| *TOP CIT BANK PROMOTIONS* | ||
|---|---|---|
| PROMOTIONAL LINK | OFFER | REVIEW |
| CIT Bank Money Market | 1.00% APY | Review |
| CIT Bank Savings Builder | 0.95% APY | Review |
| CIT Bank CDs | 0.75% APY 1 Year CD Term | Review |
| CIT Bank No Penalty CD | 0.75% APY | Review |
CIT Bank Locations
CIT Bank has one office. It’s their headquarters located in southern California in Pasadena.
The address is: 75 North Fair Oaks Ave, Pasadena, California 91103. However, you cannot just walk in there to do business, opening an account, etc.
There is also no ATMs. Everything is done online.
With their “echecking” account, CIT Bank will provide you with a card where you can use it at another bank’s ATM.
However, CIT bank does not charge you any ATM fee. And if the bank charges you a fee, CIT Bank will reimburse you up to $15 every month.
CIT Bank’s Products & Current Promotions
While CIT Bank has no physical locations, it’s a great bank for those who are willing to have their savings online.
So, if you’re looking to have access to branches, then CIT Bank is not for you.
CIT Bank offers high yield savings accounts, money market accounts and CD accounts. They also have an “echecking” account.Â
CIT Savings Builder – Earn 0.85% APY. Here’s how it works: Make at least a $100 minimum deposit every month. Or Maintain a minimum balance of $25k. Member FDIC. Click Here to Learn More.
They offer competitive APYs, especially on their Savings Builder account, which is almost 20 times more than what a typical savings account would offer.
The money market account is also very competitive, but it does not offer checking-writing privileges or a debit card.
Their CDs also provide higher yields, offering both a fixed and variable-rate, including a no-penalty CD.
CIT Bank Savings Builder
Because CIT Bank has no locations, CIT Bank Savings Builder accounts are offered online, where you can earn a competitively high yield.
The CIT Bank Savings Builder will allow you to earn 0.85% APY, but only if you make at least one monthly deposit of $100 or more.
Or, if you keep a balance of at least $25,000. Interest in this high-yield savings account compounds daily to boost your earning.
Click here to learn more about CIT Bankâs Savings Builder.
CIT Bank Money Market Account
The CIT Bank money market account is one of the best ones out there. Currently, the money market account offers a 1.0% APY.
This is very competitive comparing to other MMAs. Moreover, CIT Bankâs MMA has a required account minimum of only $100.
Open a CIT Bank Money Market Account.
CIT Bank Certificate of Deposits (CDs)
CIT Bank has several terms CDs, which range from 6 months to 5 years.
There is also a no penalty 11-month term, where customers can withdraw money with no penalty.
CIT Bank also offers jumbo CDs, ranging from two to five years. You can open a term CD, including the no-penalty CD, with a minimum of $1,000.
The Jumbo CDs require a minimum of $100,000.
Click here to learn more about CIT Bank CDs.
Contacting CIT Bank
Given that CIT Bank has no locations, the best way to speak with a representative is by telephone or online.
For online, simply go through their homepage.
By telephone, call 1) 855-462-2652 (within U.S.) and 626-535-8964 (outside U.S.).
Customer service is available from Monday through Friday from 9:00 a.m. to 9:00 p.m. ET; on Saturday from 10:00 a.m. to 6:00 pm ET.
They closed on Sunday.
Advantages and disadvantages of CIT Bank Savings Accounts
Advantages:
- No monthly fees on deposit accounts;
- a minimum deposit requirement of $100;
- Refunds ATM fees â because the bank does not have ATMs, it does not charge customers who use another bankâs ATMs. And if there is a fee, CIT will refund you up to $15 per month.
Disadvantages:
- No CIT Bank physical locations or ATM;
- No 24/7 customer support â as with all high yield savings accounts, most inquiries are handled online. While live telephone is available, hours are limited.
How to open a CIT Bank Savings account?
As mentioned above, CIT Bank has no physical locations. So to open an account, simply go online through the CIT Bank homepage, and create the account there.
Youâll need to provide your name, address, phone number, and ID. Youâll also need to provide your social security number.
Note that CIT does not have any branches. Everything must be done online.
If youâre opening a CIT Bank Builder Savings account, you will need to make an initial minimum deposit of $100.
Bottom Line
CIT Bank has no locations. So, everything is done online. CIT Bank offers competitive rates on its products. Its Saving Builder account is one of the most popular accounts out there, offering a 0.85% APY. This yield is 15 to 20 times higher than what a regular savings account offer.
Speak with the Right Financial Advisor
If you have questions beyond CIT Bank locations, you can talk to a financial advisor who can review your finances and help you reach your goals (whether it is making more money, paying off debt, investing, buying a house, planning for retirement, saving, etc). Find one who meets your needs with SmartAssetâs free financial advisor matching service. You answer a few questions and they match you with up to three financial advisors in your area. So, if you want help developing a plan to reach your financial goals, get started now.
| *TOP CIT BANK PROMOTIONS* | ||
|---|---|---|
| PROMOTIONAL LINK | OFFER | REVIEW |
| CIT Bank Money Market | 1.00% APY | Review |
| CIT Bank Savings Builder | 0.95% APY | Review |
| CIT Bank CDs | 0.75% APY 1 Year CD Term | Review |
| CIT Bank No Penalty CD | 0.75% APY | Review |
The post CIT Bank Locations? Where Are They? appeared first on GrowthRapidly.
Source: growthrapidly.com
Discover Bank CD Rates – The Simple Dollar
Discover CD rates are some of the highest at any bank and come with plenty of flexible term options and high rates regardless of your investment size.
Source: thesimpledollar.com
The Pros and Cons of Paying Off Your Debt Early
Source: feeds.killeraces.com
8 Free Sleep Apps for a Blissful Nightâs Rest
Source: thepennyhoarder.com
Find White Noise in the Apple App Store, Google Play or Amazon.
1. White Noise
Combining relaxing sounds, free sleep stories and guided meditation for sleep, lucid dreaming, or relief from medical conditions like tinnitus (ringing in the ears that often gets worse before bed), free sleep app Relax Melodies has thousands of fans. It comes with 52 sounds including white noise, nature sounds, ASMR (autonomous sensory meridian response, or that warm tingle associated with sounds like whispers) and binaural beats. Premium sounds are available as app purchases for .99.
White noise free sleep apps are must-haves for travel, when you need a consistent noise to block out the sounds of other hotel guests, city noises, etc. The âliteâ version does the trick with free sleep sounds and nature sounds. For .99, you get 50 sounds plus the ability to create your own track that includes binaural beats, aka different frequencies that cue your brain to relax.
2. Relax and Sleep Well Hypnosis
Perfect for the multitasker, Endel offers âpersonalized soundscapesâ for relaxation, better sleep and better focus. The app pulls data from your environment (like weather, location or time of day), then moderates sounds to match your mood: focus music for daytime work and chill sounds to help you sleep. The app comes with a 7-day free trial, after which point youâll need to buy a subscription (.99 per month or .99 per year, at present) or use the free, browser-based version.
Think of free podcast Nothing Much Happens as adult sleep stories designed to help you relax into a peaceful slumber. As the title suggests, the stories are fairly low-stakes. Podcast host Kathryn is a meditation and yoga teacher, so think of this as an extended savasana where itâs actually awesome if you end up snoring after five minutes.
3. Headspace
Hypnosis usually costs several hundred dollars, but youâll pay Find Relax and Sleep Well Hypnosis in the Apple App Store or Google Play.
Are you turning more to apps for wellness? Try these cheap or free meditation apps.
4. Deep Sleep With AJ
For those wanting a scientific approach to a good nightâs sleep, the Rise sleep tracker app is worth checking out. Itâs free to download with membership upgrades as app purchases beginning at .99 per month. Unlike sleep-tracking apps which just gauge your sleep cycle, Rise looks at âsleep debtââ aka how much sleep you should get but donât. The sleep app works backward from your sleep debt numbers, drawing from sleep data and health information to help you improve sleep quality and quantity. Rise fans include pro sports teams and Fortune 500 leaders who find the price worth it to sleep better and wake up feeling refreshed.
Find Rise in the Apple App Store or Google Play.
5. Relax Melodies
Most people experience sleep problems for a range of underlying causes, thus it can be helpful to have multiple free sleep apps on your phone. Armed with nature sounds, bedtime stories, guided meditation, science-backed sleep habits and hypnosis for lifeâs most pressing worries, you can stop counting sheep and cue up whatâs mostly likely to help you get a good nightâs sleep.
Find Deep Sleep With AJ on the Apple App Store or Google Play.
6. Nothing Much Happens
Headspaceâs guided meditation app is the perfect way to wind down for bed: Andyâs soothing British accent will lull you into a state of total relaxation where it seems like nothing could ever go wrong. While itâs a year, Headspace often makes the best sleep apps lists. Students can pay .99 for annual access, and Netflix subscribers can watch the Headspace series for no extra cost. Each episode focuses on one style of meditation, so by the time you finish the season youâll have a whole arsenal of relaxation techniques to try before bed.
Sign up for a free trial of Headspace or watch on Netflix.
7. Endel
Deep Sleep With AJ is a cheaper alternative to Headspace, with a one-time cost of .99 and similarly dreamy Scottish accent. Developed by a mindfulness expert and therapist, the sleep app includes mindfulness and inspirational talks, bedtime relaxation techniques to help you wake up feeling refreshed, meditations for anxiety and panic attacks and more. You can cue up meditations to repeat a set number of times, so it ideally plays through until youâve caught those Zs.
Find Nothing Much Happens on Apple Podcasts or Google Podcasts.
8. Rise: Sleep & Energy Tracker
Find Endel in the Apple App Store, Google Play, or on Twitch.
Whether itâs fear of getting sick, worry for a loved oneâs health, job anxiety, the stress of juggling parenting and career in a pandemic, or all of the above, sky-high stress seems to be the new normal.
Lindsey Danis is a contributor to The Penny Hoarder.
While free sleep apps wonât solve your big-picture problems, they could help you fall asleep faster, so you can tackle lifeâs stressors feeling refreshed. Here are the best ones weâve found.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Find Relax Melodies on the Apple App Store or Google Play.
How to Safely Store Bitcoin & Cryptocurrency in a Secure Wallet
Looking to secure your cryptocurrency? Find out how using these crypto wallets and online security best practices.
Source: moneycrashers.com
4 Questions to Ask Before Choosing a Checking Account
You’ve probably had a checking account for most of your life and never gave it much thought. It’s just there to store your everyday cash, right? Not necessarily.
If you’re considering questions about checking accounts as you take a closer look at your current setup and explore opening a new one, it’s important to note that checking accounts are designed with different and unique features. Some may even be more beneficial to you than you realize.
For starters, most checking accounts offer a host of conveniences, providing customers the ability to set up automatic payments for routine bills, schedule electronic transfers and make all deposits and transfers via a smartphone app. Some accounts even allow you to earn cash back on your debit card purchases.
âA checking account can have a long-term impact on your financial well-being, so it’s worth taking the time to figure everything out,” says Jeff Kreisler, money expert and author of the personal finance book “Dollars and Sense.”
At this point, you might be thinking, “What questions should I ask before opening a checking account?” To help you decide which account is right for you, here are four key questions to ask yourself:
1. What types of checking accounts should I consider?
Before you open a new checking account, do a little homework to learn about the different types of checking accounts offered by banks, Kreisler says. There’s the standard personal checking account that allows you to write checks and make payments with your debit card or electronically. But when thinking about questions to ask when opening a checking account, go beyond the basic features to find an account that best fits your lifestyle and financial goals. Here are some examples:
- Online checking account: Ready to bypass the teller lines with the benefits of an online bank? Then this is the checking account for you. Doing your banking from any computer or mobile device is sweetâand since online banks don’t have brick-and-mortar locations, they can often pass their savings from overhead down to you. Just verify that the online bank or credit union supplying the checking account is backed by the FDIC or the National Credit Union Administration.
- Rewards checking account: One question to ask before choosing a checking account is if you can earn rewards or incentives for certain activity. Discover Cashback Debit, for example, lets you earn 1% cash back on up to $3,000 in debit card purchases each month.1 That means your monthly cashback earnings could yield $360 in total rewards each year (finally, dinner and drinks at that new French bistro in town!). Some banks may also offer a checking account bonus just for opening a new account, while others have a variety of reward options based on certain qualifying purchases. A rewards checking account works for almost anyone looking to maximize their debit spend or a balance they regularly hold in their checking account.
Say hello to
cash back on debit
card purchases.
No monthly fees.
No balance requirements.
No, really.
See Details
Discover Bank, Member FDIC
- Joint checking account: Most checking accounts can be opened as a joint checking account, which is an account held by two or more people. This can be a convenient solution for couples, minors and their parents and even seniors and their caregivers who are trying to manage a household budget. It does require good record keeping and communication, so make sure you understand the ins and outs of joint accounts before choosing this option.
The above checking accounts are the most standard and usually have appealing benefits. But if you have more questions about checking accounts, there are options that can cater to more specific needs. However, they often have less flexibility. For instance:
- Interest-bearing checking accounts are available for those who want to earn some money while their cash is parked in the account. The rate of return is usually low and minimum balance requirements high.
- Student checking accounts are often low-cost, but they could come with limitations. Whether or not a student account is available may be a good question to ask before choosing a checking account if you’re looking for a starter account for yourself or your child.
- Second-chance checking accounts could be a fit for those who may not be able to get a standard checking account due to their banking or credit history; however, they often have higher fees.
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“A checking account can have a long-term impact on your financial well-being, so it’s worth taking the time to figure everything out.”
2. Are there fees associated with the checking account?
This is one of the most commonly asked questions about checking accounts. Before choosing a checking account, be sure to research its fees, says Marc Bernstein, financial planner and strategist for MWealth Advisors. Types of fees and fee amounts can vary greatly from bank to bank, and even among accounts at the same bank.
A question to ask when opening a checking account is if the account charges fees for ATM use, automatic bill pay, monthly maintenance, ordering checks, replacing a debit card or ordering official bank checks. Banks may charge any combination of these feesâor none. Discover Cashback Debit comes with no fees. Period.2 That means you won’t be charged a fee for any of these services.
Along with including the fee topic on your list of questions to ask before choosing a checking account, you should also consider obtaining “a document outlining the fees you’ll be paying, in case you have any questions, and check the fine print,” Bernstein says. You can also typically find a list of fees (if any) on the bank’s website or in the account agreement.
3. Is there a minimum balance requirement?
According to Bernstein, among the questions to ask when opening a checking account is if it requires an initial minimum balance to open. You’ll also want to know if a minimum balance needs to be maintained to avoid a fee.
Bernstein suggests looking for an account with no minimum balance requirement if you tend to keep less than $1,000 in your account or like to have flexibility when making large withdrawals.
If you’ve asked this question about checking accounts and are still comparing accounts that have a minimum balance requirement, realistically determine how much you can keep in your account per month and what you will be charged if you can’t keep that balance.
Even if your account falls below a minimum requirement, there could be a way to save on fees. If you have multiple accounts at one bank, the bank may allow you to combine the balances to waive checking fees.
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The total average cost of withdrawing cash from an out-of-network ATM is $4.68. That’s 36 percent higher than it was 10 years prior, with no signs of decreasing.
4. What ATM fees could I incur?
If you frequent the ATM to take out cash, a good question to ask before choosing a checking account is: Where are the bank’s ATMs located in relation to your home and work?
Availability of ATMs is an important question to ask when opening a checking account that can really affect your wallet. For instance, if you decide to withdraw money from an ATM that’s not in your bank’s network, you can get hit with two separate charges: a surcharge from the ATM owner (since you’re not a customer) and a fee from your own bank.
And those fees can really add up. According to Bankrate’s 2018 checking account and ATM fee study, the total average cost of withdrawing cash from an out-of-network ATM is $4.68. That’s 36 percent higher than it was 10 years prior, with no signs of decreasing.
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One way to get cash without paying an ATM fee is to use your own bank’s ATMs. The more ATM locations that your bank offers that are conveniently located, the less likely you are to use one that’s out-of-network and rack up unnecessary charges. If you can’t always use your own bank’s ATM, one of the questions to ask when opening a checking account is whether your bank allows you to use a broader ATM network for no-fee transactions.
Find the best checking account for you
Opening a new checking account is an important step toward establishing, or rebuilding, your financial foundation.
Now that you can ask the right questions about checking accounts, you’re one step closer to choosing an account that fits your individual needs. And that feels like money in the bank.
1 ATM transactions, the purchase of money orders or other cash equivalents, cash over portions of point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), and loan payments or account funding made with your debit card are not eligible for cash back rewards. In addition, purchases made using third-party payment accounts (services such as Venmo® and PayPal
, which also provide P2P payments) may not be eligible for cash back rewards. Apple, the Apple logo and Apple Pay are trademarks of Apple Inc., registered in the U.S. and other countries.
2 Outgoing wire transfers are subject to a service charge. You may be charged a fee by a non-Discover ATM if it is not part of the 60,000+ ATMs in our no-fee network.
The post 4 Questions to Ask Before Choosing a Checking Account appeared first on Discover Bank – Banking Topics Blog.
Source: discover.com
What Is a ChexSystems Security Freeze?
Concerned that someone may try to open a checking or savings account under your name? Think about freezing your ChexSystems report.
Source: crediful.com