Discover how to protect your funds during property transactions and what to do if a deal collapses. Learn from industry ...

A transaction account is a bank account that provides individuals with immediate access to money. Transaction accounts have full liquidity to pay bills and make everyday purchases. A common type of ...

Banking relationships traditionally begin with deposit accounts, but changes in retail banking, combined with a sputtering economy and the explosion of new technologies, have spawned a new breed of ...

Most buyers know that they need to spend money to buy a home, but few know that they need it so soon. The earnest money deposit is the initial deposit that a buyer makes toward purchasing a home, ...

Organizations representing the payments industry are coming out in support of the federal government’s move to eliminate paper checks for disbursements. Nacha, the governing body that oversees the ACH ...

In 2008, in the midst of a financial crisis, federal regulators extended bank deposit guarantees beyond the statutory $250,000 limit to cover all “transaction,” or checking, deposits. Later codified ...

A bank of first deposit (BOFD) is the initial bank where a check is deposited into an account. Checks deposited at a BOFD from the same bank as the issuer are processed as "on-us" items, enabling ...