Approximately 7.1 million households are unbanked, which means they do not have an account at an insured financial institution, according to the 2019 Federal Deposit Insurance Corp.’s National Survey of Household Use of Banking and Financial Services. What should you do if you need to cash a check and don’t have a bank account —...
Banks not only keep the country operating effectively but also make it possible for consumers to efficiently manage their daily financial tasks.
With so much financial business being handled online, today’s banks provide access to resources that were unavailable just a few years ago, like mobile check deposits. It’s easy now to access banks at their brick-and-mortar locations, online or on your phone.
Banks come in many forms, including local, regional, and national banks. They offer different accounts including savings accounts, checking accounts and certificates of deposit (CDs). Other products and services include loans — personal and auto — credit cards, mortgages, and financial planning tools. Whether you want to cash your paycheck or buy a home, a bank can help.