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Forget Your Local Bank: Here's Why Online Banks Are Better

The Motley Fool

Image source: Getty Images Brick-and-mortar banking used to be the standard -- for a long time, it was the only option for a savings or checking account. But online banks aren't just an alternative place to stash your cash -- they can also be a valuable tool for your finances. Louis Fed. the next year.

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3 Banking Habits of Millionaires

The Motley Fool

But what can we learn from their banking habits? Look over your recent bank statements and see if you might be able to cut $10 or $20 from your spending. You don't see many checkbooks in use these days, but the process of tracking your transactions and making sure everything adds up is still a useful banking habit.

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5 Major Bank Account Scams and How to Avoid Them

The Motley Fool

Fake bank message scam Scammers spend a tremendous amount of energy figuring out how to rope you in. One way is by pretending to be a representative of your bank. Postal Service that legitimately looks like it's from your bank. If you are contacted, immediately break contact and call or visit your bank.

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Moving Your Money? Here's How to Make Sure Your New Bank Is Secure

The Motley Fool

Image source: The Motley Fool/Upsplash Looking for a new bank account? I don't blame you -- banks are better than ever these days. That said, it's a good idea to do your research before you open an account with just any old bank and fund it with your hard-earned cash. Here's how.

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Here's How Much the Average American Has in the Bank

The Motley Fool

Image source: The Motley Fool/Upsplash OK, so you have some money in the bank. But how much total does the average American have in the bank? You may not have as much in the bank as you want or as much as others have, but the time to start is now. Let's say it's divided, as it is for most U.S. Doesn't that sound nice?

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4 Benefits of Keeping All Your Money With the Same Bank

The Motley Fool

Image source: Getty Images Banking options used to be pretty limited. You picked a bank with a branch where you lived, and you probably used it for all your accounts. If you don't mind online banking, there are plenty of high-yield savings accounts paying as much as 5.31%. Many people end up with accounts at multiple banks.

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Here Are the Top 3 Pieces of Money Advice I've Learned in 2.5 Years as a Finance Writer

The Motley Fool

I'm a freelance finance writer and editor, and since I started doing this, I've learned about making a budget , using different financial accounts, and ways to save money in my everyday life. Online banks have great features It's 2024, and banking has gone digital. OK, so when shouldn't you opt for an online bank?

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