A checking account has certain benefits over a savings account, even though it offers no interest on the amount deposited in the account. There is usually no minimum balance required to be kept in the account, and it is usually opened so that the account holder can take care of the daily expenses from it. Savings accounts, on the other hand, are a good way to park an amount of money which might not be needed too frequently, so that it can earn interest. When people shop on an e-commerce site, they usually use their credit cards or their checking accounts. But this poses a problem for the people below the age of 18 because they are not allowed to open checking accounts in banks. Truth be told, that segment of the customer base is not actively pursued by banks, but for e-commerce websites like Amazon, they are a prime target segment. So when they need to shop, they have to use their parents’ checking accounts or credit cards. To accomplish this barrier, Amazon, the biggest e-tailer of them all, is thinking of allowing this segment to also have Amazon checking accounts which they can use to shop. For adults, Amazon does have the facility of allowing them to align their checking accounts to Amazon and make payments from those accounts.

Are you looking for a good bank to handle your routine finances or to help you run your business smoothly? The good news is that in Connecticut, you have a number of options from which you can choose. From small savings accounts to business accounts with huge transactions, the state of Connecticut has everything to offer depending on individual needs. We have listed a few of these institutions below. Liberty Bank If you are looking for free checking options, Liberty Bank is the one for you. This bank gives a free checking option for using a debit card. It also offers cashback and accounts with no minimum balance requirements. Liberty Bank is a traditional bank that gives out mortgages, credit cards, reverse mortgages, along with 24-hour phone banking. Webster Bank This bank offers digital banking facilities like no other bank in Connecticut. This bank offers an eChecking account with no minimum deposit requirement and free checking services. All these facilities are topped up with free online bill payment, credit cards with no annual fees, and electronic statements. United Bank This bank provides hassle-free banking to its customers through easy account opening and no minimum balance accounts. United Bank also lets its customers use its own ATMs and Allport ATMs without any ATM surcharge.

Bank fees are charges that you have to pay separately for using the services provided by the bank. While it seems fair, it is unhealthy for your pocket. There are times that you might be charged for services you may not be aware of. Therefore, to help you avoid paying more, here are 8 tips to avoid bank fees. Maintain sufficient balance Banks charge a certain amount of fee if you fail to maintain a sufficient amount in your bank account. However, make sure you at least keep the required amount in the account. Even a dollar below the determined account balance will cost you a penalty. Deposit your money on your own Some banks ask you to pay a nominal fee if you are not the person who is depositing the money in your account. They require an acknowledgment certificate from the depositor that you approve of them depositing the money along with a certain fee. Depositing money on your own in your home branch will spare you that fee. Withdraw money only from your bank’s ATM ATM fee is one of the most expensive things about banks and everyone knows it. So, if it is possible to excuse yourself that fee, do it because it may seem minimal at a glance but many such fees sum up to a bigger amount.

Idaho is home to all the large nationalized banks. These banks compete with each other to provide the best banking services to citizens. Residents of Idaho enjoy hassle-free banking services at nominal prices and get some really good customer service along with their financial products. If you are looking for the best bank in Idaho, then just to make you aware, there is more than one bank that is best in a given segment. Following are the top banks in the state of Idaho. Chase Bank Credit cards, auto loan, home loan, savings account, or deposits, no matter what your financial need is, Chase Bank will take care of it. Chase bank offers some of the best rates on personal loans, and it is also preferred for quick opening of checking accounts. This bank helps its customers with savings by providing competitive rates, and to begin with, the bank has simplified the process of opening a savings account. Glacier Bank This bank is everyone’s bank in Idaho. Youngsters love it for its modern facilities like online bill payments and one-click loans, while the older generation prefers it for its reliability and comprehensive savings and insurance services. The bank provides extensive services in the personal and business segments.

Online banking can be extremely efficient and convenient. For the most part, it is safe but identity theft is a very real threat. Millions of citizens fall victim to credit card fraud where their financial information are leaked through other means. Online transactions may lead to your financial information being stolen but online banking is still fairly safe with banks developing a robust and secure infrastructure to minimize threats. These include website encryption, anti-virus protection on their computers and fraud monitoring at their end. Encryption normally scrambles data so only you can access the given information that’s intended for you. While financial scams and data leaks do occur, fraudsters prefer to attack consumers directly. The recent Equifax scandal that took place in 2017 where Social Security numbers and other information like birth dates and addresses were stolen by hackers is one prime example. Now, you as a consumer can do little to prevent large-scale data breaches so it would be good to be vigilant at your end. Be on the lookout for some of these tell-tale signs. Fraudsters use phishing scams where they send emails impersonating bank officials and ask for sensitive information from unsuspecting clients. Some emails ask for bank passwords or social security numbers.

There are 157 FDIC insured banks operating in the State of Tennessee. This state is home to several nationalized banks along with local banks and credit unions that have been around for decades. The banks in Tennessee are focused on providing the residents with customized financial solutions that cater to all their needs. Following is the list of top banks in Tennessee that have been analyzed for their services and accessibility. All these banks have been providing quality financial services to the people of the state and possess stable company financials. Atlantic Capital Bank This bank is one of the top banks in Chattanooga, TN. It has 16 branches throughout the state and has assets worth $2.8 billion. This bank is very popular for its focus on small and middle sized business and nonprofit organizations. Atlantic also has special financial products for commercial institutions, real estate developers and investors. Atlantic bank is well known for its excellent customer service, wherein the staff provides excellent solutions and advice which are proactive and respond very quickly to consumer queries. Customers will also find a wide range of products catering to wealth management clients and business owners. BancorpSouth Bank Review This bank is a 141 years old banking institution which first opened its gates in 1877 in Verona, Mississippi.

Ohio has hundreds of banks that fall into the category of regional, local and nationalized banks. These banks provide a number of financial services and cater to all the segments of the society in varying strengths. Amongst all the banks with their many financial products, only a few provide top quality products and services with excellent account fees, high-interest rates, and easy branch accessibility. If you are looking for the best bank in Ohio, below is a list of top banks in the state to help you. Huntington National Bank This is the topmost bank in Ohio when it comes to easy branch access. This bank has a total of 511 branches in Ohio, making it the most easily accessible bank for traditional banking. Huntington offers basic checking and savings accounts along with some premium account options that come with excellent rewards. The bank also has all the modern facilities for its customers like online banking, mobile check deposit, online bill payment options and much more. Huntington bank also provides a basic checking account called Asterisk-Free checking which has no monthly maintenance fee and is free to open to all individuals. The standard account option with the bank comes with 5 checking options.

From the time we wake up in the morning until the time we go to bed, we are glued to our mobile phones for every activity possible. Banking is also one of those activities, for which we prefer the convenience of using our mobile phones. Banks have latched on to this need and they have come up with mobile applications so that their customers can access banking and other services conveniently at their fingertips. If you want to know which are the best designed and most popular banking apps, here is a list which is based on research and also customer feedback from users. USAA Mobile app This app has an overload of banking services and there is not one banking service that it doesn’t cover. Also, the app has some cool additions like recognition of voice and facial features, which helps the account holder to login, instead of traditional passwords. Capital One Mobile app This app is one of the most popular apps, and the highlights are proprietary features like Purchase Eraser (which allows users to swipe in order to login instead of passwords) and SureSwipe (which allows credit card rewards to be used for making travel purchases). Simple- Better Banking This app boasts of great user experience with a very friendly interface.

Nostro account is a bank account held by a bank in foreign currency in another bank. ‘Nostro’ is derived from Latin and it translates to “ours.” This account is basically used to facilitate trade transactions in different currencies and foreign exchange. The opposite of Nostro is Vostro, which translates to “yours” and is the term used by the banks that hold the accounts of other banks in their home currency. Nostro and Vostro are the same accounts from different sides. The bank that opens a foreign currency account with another bank, calls the account Nostro account while the bank that holds the account of the other bank in its own currency calls it a Vostro account. Let us understand Nostro and Vostro in brief. What is a Nostro account? Most big commercial banks have to open an account in different countries for trade and exchange purposes. The big banks open the account in a local bank in a foreign country and operate in the foreign exchange itself. These accounts are called as Nostro accounts by the big banks. What is a Vostro account? The banks in which the commercial banks open their account call these accounts as Vostro account. These local banks deal in their home currency and charge a fee for trade and exchange.

Searching for a good bank that suits your earnings and requirements has become very difficult because of the availability of a multitude of options. Today, all banks offer competitive prices along with many smartly designed financial products that lure you in. In Indiana, you will find hundreds of banking options that will suit your bill, but before you take a call, you must have a clear understanding of what you need. As in, you need to figure out if you need a bank with easy access or you prefer a bank that offers a better rate of interest. Here is a list of banks that will help you choose the best bank in Indiana based on your financial needs. First Merchants Bank This bank was founded in 1893, and today, it is one of central Indiana’s largest financial services holding companies. This bank is popular for its cash management and wealth management services, along with lending and business banking. With its long history, First Merchants Bank has acquired a variety of clients with different types of financial needs. It also provides some of the best checking options in the state. All of its accounts offer free online banking, mobile banking, debit card, phone banking, online bill pay, and ATM access.

Everyone works very hard to earn a living and there is nothing wrong with finding a good financial institute to manage this hard earned money. Minnesota has a number of banks across the state which compete with each other to offer some of the best financial products to its customers. If you live in Minnesota scroll through the list below to find out the top banks of the state that have been catering to the locals’ needs for decades now. American Bank of the North American Bank of the North is a subsidiary of Mesaba Branches which is a multi-bank holding company. The bank has a total of 12 branches across Minnesota. This bank serves the local communities with superior products along with topmost customer services and personal attention. This bank is a traditional bank that offers high-class services to both the businesses as well as individual customers. One of the most famous services of this bank is that it provides All American Rewards Checking account which is a free checking account with no need for a minimum balance. The bank offers unlimited check writing facility and opens this account at a minimum balance of around $50. Bremer Bank This bank first opened its gate in 1943 and is headquartered in St.