Photography by Getty Images; Illustration by Bankrate Turning 26 isn’t a big milestone birthday like turning 18 or 21, but it did come with some personal — and financial — adjustments. I now bake all of my bread from scratch (18-year-old me would roll her eyes), and I relish being…

Driver’s license points don’t affect your car insurance directly — but the violations that earned you those points could raise your premium. Instead of counting your license points, your insurance company reviews a document called a Motor Vehicle Report (MVR) whenever you apply for insurance or renew your policy. Violations…

  Understanding Gen Z’s Financial Health Gen Z—Americans born between 1997 and 2006—is entering adulthood at a challenging financial moment. With inflation, student loan pressures, and rising housing costs, it’s no surprise that many are feeling overwhelmed. But there’s good news: Gen Z is taking an active interest in managing…

Key takeaways Wire transfers cost more but provide familiar bank security. Crypto moves faster and costs less but requires some technical know-how. Bank fees often hit you twice — when sending and receiving. Crypto platforms charge one transaction fee, usually under $5. Bank wire transfers used to be the only…

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Images by GettyImages; Illustration by Bankrate Key takeaways Wire transfers, third-party apps and checks are all valid ways to transfer money from one bank to another. Each method has its own speed, cost and limits for transfers. Some options can transfer funds within minutes, though…

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MStudioImages/Getty Images Today, most banking transactions are done online, including paying by check. But what exactly is an eCheck, and when might you need to use one? We’ll explore the basics of eChecks, how they work and the situations in which you may want to use one. What is an…

Johner Images/Getty Images Starting in April, some retired teachers, firefighters, police officers and other public-sector employees will see some extra scratch in their monthly Social Security check, courtesy of the Social Security Fairness Act (SSFA) signed into law by former President Joe Biden. The SSFA eliminated some longstanding provisions that…

When your revenue relies on generating transaction fees, your customers’ moods have an outsize impact on your business prospects. While you might think that this dour environment is good for brokerage firms — with traders frantically placing more orders, even if they’re selling — the opposite is actually true. Brokerage…

ATM fees are among several kinds of bank fees that can eat into your account balance over time if you don’t look out for them. ATM fees can quickly add up, taking a significant bite out of your budget if you’re not careful. The average combined ATM fee now at…

Key takeaways A mortgage loan estimate is a standard three-page document detailing the estimated costs, structure and other terms of a loan. Mortgage lenders are required by law to provide borrowers with a loan estimate within three business days of receiving the loan application. The loan estimate helps borrowers understand…

Key takeaways Annual travel credits are a perk offered by some travel credit cards. Travel credits vary in terms of coverage and requirements, but generally cover travel expenses like airline fees and upgrades. Using a credit card with an annual travel credit can potentially offset the annual fee and offer…

Key takeaways Fidelity and Charles Schwab are industry standard-bearers for low-cost, high-quality, well-rounded brokerage offerings. Both offer a treasure trove of advice and education for newcomers and advanced trading tools for seasoned investors. Minor differences in product offerings will determine which broker best serves your needs. Fidelity is known for…

Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Your loan-to-value (LTV) ratio is the balance of your mortgage loan divided by the value of the property you’re buying, usually expressed as a percentage. A lower LTV ratio can help you get a lower interest rate on your mortgage. Lenders…

A weeklong Amazon boycott, driven by a viral grassroots movement’s call for an “economic blackout,” ended Friday. But the boycott seemed to have little impact on the price of Amazon (AMZN) stock throughout the week.  After the boycott’s launch Friday, March 7, Amazon stock underwent a transient 2.12 percent dip,…

It’s Spring Break season and the weather is only starting to warm up across much of the country, but it’s actually now or never if you want to plan a summer trip. That’s particularly true if you’re hoping to score free travel with a credit card sign-up bonus. It pays…