bank account – Medielys http://medielys.com/ Thu, 10 Feb 2022 12:57:30 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://medielys.com/wp-content/uploads/2021/08/favicon-2-150x150.png bank account – Medielys http://medielys.com/ 32 32 Credit Card Consolidation Can Save You Thousands of Dollars as Personal Loan Rates Are at All-Time Highs https://medielys.com/2022/02/10/credit-card-consolidation-can-save-you-thousands-of-dollars-as-personal-loan-rates-are-at-all-time-highs/ Thu, 10 Feb 2022 12:57:30 +0000 https://medielys.com/2022/02/10/credit-card-consolidation-can-save-you-thousands-of-dollars-as-personal-loan-rates-are-at-all-time-highs/ Borrowers with good credit may be able to save thousands of dollars by consolidating credit card debt into a new loan. (iStock) Making minimum payments on high-interest credit card debt is an expensive way to pay off your balances. Credit card interest accrues daily, which adds to the total cost of paying down debt over […]]]>

Borrowers with good credit may be able to save thousands of dollars by consolidating credit card debt into a new loan. (iStock)

Making minimum payments on high-interest credit card debt is an expensive way to pay off your balances. Credit card interest accrues daily, which adds to the total cost of paying down debt over time.

A personal loan is a common way to consolidate credit card debt. This is a type of unsecured lump sum loan that you repay in fixed monthly installments at a lower interest rate. And since personal loan rates are lower than they’ve ever been, paying off credit card debt can save you more money than ever before.

In the fourth quarter of 2021, the average two-year personal loan rate set a new record at 9.09%, according to the Federal Reserve. During the same period, the average credit card rate for interest accounts was much higher, at 16.44%.

Personal loan rates vs credit card rates

Keep reading to learn more about credit card consolidation and visit Credible to compare personal loan rates for free without affecting your credit score.

MILLIONS OF AMERICANS FEAR MISSING DEBT PAYMENTS, NY FED REPORTS

Despite Rising Credit Card Debt, Consolidation Is Cheaper Than Ever

Americans increasingly rely on credit cards as debt balances soar, says the Federal Reserve Bank of New York. Outstanding credit card debt rose 6.5% in the fourth quarter of 2021 as consumers added a record $52 billion to their balances.

Credit card debt, NY Fed

In an age of skyrocketing credit card balances, consolidating debt into a personal loan at a lower interest rate is more beneficial than ever.

A recent analysis estimates that paying off $10,000 in credit card debt with a two-year personal loan at a rate of 9.09% can save borrowers more than $4,000 in interest costs per compared to the simple minimum payment by credit card. By refinancing using this credit card repayment strategy, borrowers can pay off their balance 10 years faster by adding just $57 to their monthly payments.

Pay off $10,000 in credit card debt

It may also be possible to save money over time and lower your monthly payments by consolidating a longer-term personal loan. Keep in mind that longer personal loan terms usually result in higher rates, but you may still be able to get a lower fixed interest rate than what you’re currently paying on your credit cards.

The average fixed rate on a five-year personal loan was 12.65% for qualified applicants who took out a personal loan on Credible during the week of January 31. Paying off $10,000 of credit card debt under these personal loan terms can potentially reduce your monthly payment by $174 while saving you over $1,500 over the repayment period.

You can estimate your personal loan repayment terms on Credible for free and see how much you can save using a credit card consolidation loan calculator.

HOW TO GET A BALANCE TRANSFER CREDIT CARD

How to consolidate credit card debt with a personal loan in 5 steps

Using a personal loan for credit card debt consolidation can help you save money while paying off your debt in predictable monthly installments. Here’s what the personal loan application process looks like:

  1. Add up all your credit card balances. This will help you determine how much personal loan you need to borrow to pay off your credit card debt. You can consolidate the balances of one or more credit cards into one personal loan payment.
  2. Check your credit score. Since personal loans are unsecured and do not require collateral, lenders use your credit history to determine your risk and eligibility. Applicants with very good to excellent credit, defined by the FICO model as a credit score of 740 or higher, will see the lowest personal loan rates.
  3. Shop around for personal loan rates. Most lenders will let you see the terms of your loan, including estimated interest rates, with a soft credit check through a process called prequalification. You can compare personal loan rates from multiple lenders at once using Credible.
  4. Choose the best personal loan. When comparing offers, you need to consider the interest rate, origination fees, loan amount and loan term. Once you’ve chosen a lender, you’ll need to submit a formal application, which will require a thorough credit check.
  5. Use the loan to pay off your credit cards. If your application is approved, you will receive a personal loan the next business day. It can usually be deposited directly into your bank account. You can then use your personal loan balance to pay off your credit cards.

HOW TO CHECK YOUR CREDIT REPORT FOR FREE WITHOUT PENALTIES

Although your credit card balances may be reduced to zero, it’s important to avoid racking up more debt while you’re paying off your personal loan. You should always prioritize paying off your credit card debt in full each month to avoid paying interest.

You can learn more about debt consolidation loans from online lenders by visiting Credible. Also, browse the current personal loan interest rates in the table below to decide if this method of debt repayment is right for your financial situation.

BALANCE TRANSFER CARDS WITH 0% APR INTRODUCTORY PERIODS ARE DISAPPEARING QUICKLY

You have a financial question, but you don’t know who to contact? Email the Credible Money Expert at moneyexpert@credible.com and your question might be answered by Credible in our Money Expert column.

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The average savings account balance in the United States https://medielys.com/2022/02/08/the-average-savings-account-balance-in-the-united-states/ Tue, 08 Feb 2022 08:00:00 +0000 https://medielys.com/2022/02/08/the-average-savings-account-balance-in-the-united-states/ According to an analysis of federal data, many bank accounts hold far less cash than US consumers would need to cover even a few months without income. The median transaction account balance is $5,300, according to the Federal Reserve’s Survey of Consumer Finances (FCS), most recently conducted in 2019. Transaction accounts include savings, checking, , […]]]>

According to an analysis of federal data, many bank accounts hold far less cash than US consumers would need to cover even a few months without income.

The median transaction account balance is $5,300, according to the Federal Reserve’s Survey of Consumer Finances (FCS), most recently conducted in 2019. Transaction accounts include savings, checking, , money market and call, as well as prepaid debit cards.

Singles and young adults tend to have fewer, according to inflation-adjusted Federal Reserve data.

Key Savings Statistics

The majority of US households – 98% – have a transaction account, such as a savings account, according to the latest data from the SCF. Those who have both a savings account and a checking account can choose to automatically transfer money from one to the other to bolster their savings.

A well-funded savings account can be useful in an emergency, providing the necessary funds to cover unexpected expenses that might otherwise require borrowing. Currently, however, less than half of U.S. households — about 4 in 10 — are able to cover an unexpected $1,000 expense like a car repair or a medical bill, according to a recent Bankrate survey.

How much does an average household save?

While the median bank account balance is $5,300, according to the latest CFS data, the average — or mean — balance is actually much higher, at $41,600. The median balance can give a clearer picture of the amount saved by most US households, as the average figure can be significantly skewed by a small number of outliers with high account balances.

Average US Savings Account Balance
Median bank account balance Average bank account balance
$5,300 $41,600

Average savings by age

Households with older people tend to have higher account balances – up to about three times higher – than younger households. One exception is households with people aged 45 to 54, which had higher median balances than those with members aged 55 to 63.

Age Median bank account balance Average bank account balance
$3,240 $11,250
35-44 $4,710 $27,910
45-54 $6,400 $48,200
55-64 $5,620 $57,670
65-74 $8,000 $60,410
>74 $9,300 $55,320

Average savings by education level

Education level is one of the factors that correlates with bank account balance, based on data from the SCF, which indicates that median and average balances fluctuate depending on an individual’s level of education. The largest median balance jump is from those with a college education ($3,900) to those with a bachelor’s degree ($15,400).

Education Median bank account balance Average bank account balance
No high school diploma $1,020 $9,190
Baccalaureate $2,500 $20,100
Some college $3,900 $23,550
Licence $15,400 $78,890

Average savings by income

Like age and level of education, the amount of income is globally correlated to the amount of savings an individual has.

Income Median bank account balance Average bank account balance
$810 $8,400
$20,000 to $39,999 $2,050 $11,260
$40,000 to $59,999 $4,320 $16,390
$60,000 to $79,999 $10,000 $28,680
$80,000 to $89,999 $20,000 $51,840
$90,000 to $100,000 $70,000 $229,030

The median account balance for most income groups has gradually increased since the 2013 SCF study. The study is conducted every three years.

Average savings by race and ethnicity

With respect to race, people classified as non-Hispanic white and an “other” category had significantly higher median and average account balances than those in the Hispanic and African American categories – reflecting a racial wealth gap, as White families hold eight times the wealth of the typical black family and five times the wealth of the typical Hispanic family.

Race/Ethnicity Median bank account balance Average bank account balance
White $8,200 $51,510
Black $1,510 $13,270
latin $1,950 $11,860
Other $5,000 $43,890

How much of our money should be spent on savings?

Many advisers recommend that workers keep 20% of their earnings spread across accounts such as certificates of deposit (CDs), money market accounts, savings accounts, and other places where the money can be safe. and fruitful.

How much someone should put away depends on what they’re spending, says Greg McBride, CFA, chief financial analyst for Bankrate.com.

“The final destination should be enough to cover six months’ expenses, maybe nine to 12 months for sole breadwinners or self-employed,” McBride says.

The best way to determine your monthly expenses is to create a budget that lists the amount of money that comes in each month and subtracts it from expense categories such as housing, transportation, groceries, entertainment, and card bills. credit.

The average consumer had about $14,094 in after-expense income in 2020, according to a recent consumer spending survey released by the U.S. Bureau of Labor Statistics. Data shows the average person shelled out $5,854 per month, which means for six months of spending, they should save at least $35,124, according to McBride’s recommendation.

The bottom line

Even with the challenges of inflation and the ongoing COVID-19 pandemic, it’s possible to have money in the bank to cover emergencies when you have a budget and are in control of your spending.

To get the most out of your savings, it pays to shop around for the best high-yield savings account. For help with budgeting and saving money, check out Bankrate’s Home Budget Calculator and Savings Goal Calculator.

Learn more:

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Using a Home Equity Loan for Debt Consolidation – Forbes Advisor https://medielys.com/2022/02/04/using-a-home-equity-loan-for-debt-consolidation-forbes-advisor/ Fri, 04 Feb 2022 17:43:13 +0000 https://medielys.com/2022/02/04/using-a-home-equity-loan-for-debt-consolidation-forbes-advisor/ Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. As a homeowner, you have additional financial responsibility, including mortgage, property taxes, home maintenance, and other expenses. You may also be carrying high-interest debt, such as credit cards. Fortunately, there are ways […]]]>

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

As a homeowner, you have additional financial responsibility, including mortgage, property taxes, home maintenance, and other expenses. You may also be carrying high-interest debt, such as credit cards. Fortunately, there are ways to pay off your debt faster with help from your home.

A home equity loan allows you to use the equity in your home to consolidate your debts at a lower interest rate. However, this strategy has some drawbacks. Here’s what you need to know.

How a Home Equity Loan Consolidates Debt

Home equity is the difference between what you owe on your home (the mortgage balance) and its current value, usually based on the current appraised value. You cannot get a home equity loan unless you have some equity in your home; lenders usually look for at least 15% equity in order to lend them to you.

The more you pay to your lender, the more your capital increases. Another way equity increases is when the overall real estate market is healthy and home values ​​(or sale prices) in your area increase. A home equity loan allows you to borrow against that equity in the form of a lump sum installment loan.

This money can be used for a variety of purposes, such as renovating your home, paying for college, covering emergency expenses, and consolidating debt.

Home equity loans are a good debt consolidation tool because the interest rates are quite low compared to other forms of debt. Once your home equity loan is closed and you receive your funds, you can use the money to pay off your existing debt and then make a one-time payment to your lender until the loan is paid off, usually over a period of five to 20 years.

Advantages and Disadvantages of Using a Home Equity Loan to Consolidate Debt

When deciding whether or not to use a home equity loan to consolidate your debt, you should first consider a few important pros and cons.

Advantages

  • Lower interest rates: If you’re looking for ways to borrow money or consolidate debt, a home equity loan offers some of the lowest rates available. Currently, their annual percentage rate (APR) is around 4% to 6%. Personal loans and credit cards, on the other hand, often have double-digit interest rates.
  • Easy access to financing: Although there are certain income and debt balance requirements that you must meet, a home equity loan tends to be easier to obtain than other types of debt. This is partly because your property serves as collateral, so there is less risk to the lender than an unsecured loan, which has no assets used as collateral, as they can repossess the collateral. in the event of a defect. Therefore, the lender is more willing to offer a home equity loan.
  • Tax deduction potential: You may be able to write off some of the interest you pay on your home loan. However, you can only take advantage of this deduction if you use the money to pay for home improvements. If home renovations are part of your larger financial plan, it may be worth relying on a home equity loan rather than a credit card, especially if you’re also trying to pay off your high-interest debt.

The inconvenients

  • Risk of losing your home: Since your property serves as collateral, you could lose your home in the event of late payment or default. As long as you’re able to track your payments, this shouldn’t be a problem.
  • Your house could fall under water: Since a home equity loan relies on the value you have accumulated in your home, there is a chance that you will end up under water on your mortgage (you owe more than the value of the property) if the value of the house drops. This is not a problem if you plan to stay in your home for several years, or long enough for the property to recover in value. But if you were hoping to move soon, you might suffer a loss.
  • There could be more fees: You may need to pay to have your home appraised by a professional to determine the value to get a home equity loan. Usually it costs a a few hundred dollars but could be higher depending on where you live and the type of property. You may also have to pay closing costs on the loan.

Is a home equity loan the best way to consolidate debt?

If you’re in a strong financial position, leveraging the equity in your home to get rid of high-interest debt faster is a smart move. However, if you are not planning to stay in your home for long or you are not sure that your income will be stable throughout the repayment period, you may be better off choosing another method of debt consolidation. .

Other Debt Consolidation Options

There are several ways to consolidate your high interest debt without risking your property.

1. 0% Balance Transfer Cards

To attract new business or issue cards to existing customers, credit card companies often offer a 0% introductory APR to customers who rollover their existing credit card balance, usually from a competitor.

The introductory period typically lasts 12-18 months, during which this balance incurs no interest charges. This means that your payments go 100% towards paying off the principal balance, allowing you to get rid of this debt faster. Usually there is a 2% to 5% balance transfer fee up front. The key is to pay off your balance before the end of the introductory period or you’ll start racking up interest charges again.

2. Take out a personal loan

Personal loans, which are loans you can use to pay almost anything up to a predetermined amount, can also help consolidate your debt. Rates are generally lower than credit card rates, at least for borrowers with good credit.

There are two types of personal loans: secured and unsecured. Secured loans are secured by collateral, such as a bank account or vehicle. This helps reduce the lender’s risk, which results in a lower interest rate. Unsecured loans allow you to borrow money without providing collateral; the trade-off is that the rate may be a bit higher and you may be subject to stricter requirements.

3. Develop a debt management plan

If you’re having trouble making payments on unsecured debt, such as credit cards or personal loans, you might consider working with a nonprofit credit counseling agency to develop a debt management plan. debt (DMP). An accredited advisor will take care of your payments and negotiate on your behalf with lenders to reduce the cost of your debt. You will then make your reduced payments directly to the agency and receive regular progress reports. Registration for a DMP may be chargeable.

Find the best home equity lenders of 2022

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Struggling With Debt? Four Ways a Debt Consolidation Loan Can Help You https://medielys.com/2022/01/11/struggling-with-debt-four-ways-a-debt-consolidation-loan-can-help-you/ Tue, 11 Jan 2022 15:48:53 +0000 https://medielys.com/2022/01/11/struggling-with-debt-four-ways-a-debt-consolidation-loan-can-help-you/ Views of the publication: 304 Personal debt in the UK has risen by £ 63.7 billion since September 2020, with the average household owing nearly £ 63,000 according to Charity of money. While most people think they can balance their finances, many feel overwhelmed, Citizens Advice currently deals with nearly 2,000 debt issues every day. […]]]>

Views of the publication: 304

Personal debt in the UK has risen by £ 63.7 billion since September 2020, with the average household owing nearly £ 63,000 according to Charity of money. While most people think they can balance their finances, many feel overwhelmed, Citizens Advice currently deals with nearly 2,000 debt issues every day. So it’s no surprise that many are looking for a way to take control of their finances. This is where a debt consolidation loan could be the solution.

A debt consolidation loan involves taking out a larger loan to pay off all of your other debt, leaving you with one more manageable repayment each month. It is often used to simplify finances and get borrowers on the right track if they are struggling to get their debt under control. Here are four ways they can help.

1. Speed ​​up your way to free yourself from your debts

It can be easy to get into the habit of paying only the minimum monthly payment on credit cards, usually just five percent of the outstanding balance. This means that it will usually take decades to clear the balance, while still being charged a hefty amount of interest along the way. You’ll also always have access to whatever credit limit you have left, leaving you at risk of continuing to spend on the card and never actually reducing what you owe.

Likewise, a lot of people go so far with their overdraft that sometimes, even after getting paid, they don’t make it. In this situation, it can be difficult to justify asking your bank to lower your overdraft limit if that leaves you in trouble for the rest of the month. Also, if you accidentally go over your authorized overdraft limit, most banks charge a penalty and a higher interest rate, making it a costly situation.

Consolidating your debt into one loan means you’ll have a fixed end date in sight, so you’ll know exactly when you’re debt free. Provided you can follow the repayment schedule, knowing when your debts will be paid off can be a huge relief from financial stress.

The interest rate charged is usually much lower than that of a credit card, and spreading repayments over time can mean those payments are lower and more manageable. However, there are usually fees associated with these types of loans and different providers charge different rates, so it pays to shop around.

To get an idea of ​​how much you might need to borrow and for how long, the experts at Loan.co.uk have a very useful debt consolidation calculator.

2. Only process one refund

If you manage multiple lines of credit, one of the things you will need to manage is multiple amounts and repayment periods. While this is often facilitated by setting up a direct debit for the amount you need to pay, you still need to make sure you have enough funds in your bank account to cover each transaction.

This is where many run into problems: either they do not have enough money to meet all the direct debits they have set up, or they have so many repayments to make at different times that they it’s easy to forget what you owe where. The problem with missed or late payments is that they usually incur a fee, on top of the interest you would usually pay, which further increases debt. Add to that the damage this causes to your credit score, and it’s not hard to see why multiple repayments can quickly become a serious problem.

A debt consolidation loan benefits from only one repayment, for a fixed amount, at the same time each month until it is repaid. It is common for people to set up a direct debit so that this payment is taken automatically from their bank account shortly after payday. This means that they can be confident that they can repay the right amount, at the right time, month after month.

Another benefit of having only one refund is that it makes day-to-day life more manageable. Without having to keep track of so much, it should be a lot easier to see how much disposable income you have each month and a lot less stressful on you and your finances in general.

3. Potentially get lower interest rates

Most debt consolidation loans will fall under the umbrella of “homeowners” or “secured” loans, which means that your home will be used as collateral against the amount you borrow. Because of this security, there is less risk for the lender, who will therefore be more likely to offer you better interest rates.

This can be especially useful if your debt is spread across multiple lines of credit. In particular, payday loans, overdrafts and some credit cards carry some of the highest interest rates. If you have just enough money to pay off the bare minimum on this type of credit, and the interest rates are high, it could take you decades before you can pay them off completely.

By getting a debt consolidation loan with a lower interest rate, you will find that more of the repayment amount will go towards debt reduction, rather than interest.

Keep in mind that you usually take out a debt consolidation loan for a longer period of time than an unsecured loan. Although the interest rates may be lower, you may be able to pay off more interest overall. However, it is often worth it if it makes everyday life much easier.

4. Improve your credit score over time

If you’re struggling to manage your debt and you’re likely to be late, or worse, miss your payments altogether, it could really hurt your business. credit rating. Any missed or late payments will be recorded on your credit report for six years, which means that even if you’ve been paying off your debt for a long time, you could still suffer the effects for years to come.

Also, if you repeatedly fail to keep up with your repayments, you may find that your lenders are taking extra steps to get their money back. This could include legal action, which could end up with you with a CCJ (County Court Judgment) or IVA (Individual Voluntary Arrangement).

These will also stay on your credit report for six years, but can make it nearly impossible to approve new lines of credit. While it’s best not to borrow more money while you’re paying off your debt, it could also affect much more ordinary, everyday things like renting out a property and getting a phone contract. mobile.

Paying off your creditors and closing your accounts with them using a debt consolidation loan is a great first step in improving your credit score. Then, provided you can keep track of your repayments on your debt consolidation loan, you will demonstrate to lenders that you are a responsible borrower who can manage credit well, which can go a long way in improving your credit score.

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Here’s how to check your bank account balance on WhatsApp https://medielys.com/2021/12/30/heres-how-to-check-your-bank-account-balance-on-whatsapp/ Thu, 30 Dec 2021 08:00:00 +0000 https://medielys.com/2021/12/30/heres-how-to-check-your-bank-account-balance-on-whatsapp/ Instant messaging app WhatsApp, owned by Meta, now allows users to check their bank account balance using WhatsApp payments services, which was launched in November 2020 in India and rolled out to more users. in 2021. WhatsApp payments service allows users to perform financial transactions. transactions such as sending money and checking bank account balance. […]]]>

Instant messaging app WhatsApp, owned by Meta, now allows users to check their bank account balance using WhatsApp payments services, which was launched in November 2020 in India and rolled out to more users. in 2021. WhatsApp payments service allows users to perform financial transactions. transactions such as sending money and checking bank account balance.

For those who don’t know, you can find the payment service option by clicking on the 3 dots in the top right corner of the app and selecting the Paymets option.

Next, if you want to perform a UPI transaction, you need to enable bank-to-bank currency transactions. NPCI (Nationwide Payments Corporation of India) has developed UPI (Unified Payment Interface), a national payment system supported by most major Indian banks. In accordance with UPI guidelines issued by the NPCI, WhatsApp does not store or remember a user’s UPI PIN for payment service.

WhatsApp Payments offers two types of ways to verify bank account details – one through settings and the other when sending money. However, note that your WhatsApp phone number must be linked to your bank account. The bank account number must be added to the payment method to check the account balance via WhatsApp.

This is how users can check account balance through WhatsApp.

How to check account balance on WhatsApp Payments.

  1. Open the WhatsApp app.
  2. Go to the Payments option on your mobile app.
  3. Select your preferred payment method.
  4. Tap the View Account Balance option.
  5. Select the particular bank account if you have multiple bank accounts linked to your WhatsApp account.
  6. Verification by entering the UPI PIN code.
  7. Check account balance displayed on mobile.

How to check bank account balance when sending money on WhatsApp Payments

Users can check their account balance while sending money to another account in this way.

  • Go to payment notification on your WhatsApp mobile app.
  • Tap your preferred payment method.
  • Tap on the “View Account Balance” option.
  • Select the relevant bank account from your list of linked bank accounts.
  • Enter your UPI PIN to verify.
  • Check account balance displayed on mobile.

Note that users should ensure that they are using the latest version of WhatsApp to use payments.

Also Read: WhatsApp Tips and Tricks: How to Bookmark an Important Message

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How often should you check your bank account balance? https://medielys.com/2021/12/25/how-often-should-you-check-your-bank-account-balance/ Sat, 25 Dec 2021 14:00:18 +0000 https://medielys.com/2021/12/25/how-often-should-you-check-your-bank-account-balance/ [ad_1] Image source: Getty Images Some people check their bank account balances multiple times a day, while others can easily go most of the year without even logging into their account. If you’re wondering how often you should check your bank account balance, the answer falls somewhere in between. In fact, it’s a good idea […]]]>


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Image source: Getty Images

Some people check their bank account balances multiple times a day, while others can easily go most of the year without even logging into their account. If you’re wondering how often you should check your bank account balance, the answer falls somewhere in between.

In fact, it’s a good idea to review your current account balance quite often, as this is the account you are most likely using to pay your bills. But you may not need to review your savings account also often balances.

Keep an eye on your checking account

Your checking account is where you should keep the money you need to pay your bills, whether they are essential or not. You can pay these bills as debit card transactions, physical checks, electronic checks, or wire transfers from your bank account. You could also have your checking account linked to a service like Venmo. And, you can withdraw money from your checking account at ATMs when you cannot pay by debit card, credit card or application.

Since your checking account is a source of cash that you use so frequently, it’s important to know what your balance looks like at all times. This doesn’t mean that you have to check your balance every time you make a transaction. But it’s a good idea to check your balance every few days. If you are going through a time when you are spending more money than usual, you may want to increase this frequency and check your account balance daily.

Why this need? You might think you have $ 200 left in your checking account at some point with your next paycheck in three days. In that case, you could afford to spend that $ 200 knowing that you don’t have to pay any bills until your paycheck arrives.

But what if you really only have $ 150 in your checking account? In this case, your bank may authorize this transaction to be carried out. But then you could be hit by an expensive overdraft fees. You can avoid this by knowing what your balance looks like.

Also, as a general rule, you don’t want your checking account balance to be too low. Keeping regular track of it is a good bet.

Monitoring your savings account

If your savings account is money that you rarely or never touch, then there is no need to check your balance so often. Granted, if you forget what your balance looks like, you can always log in and check. Likewise, if you need to withdraw savings, it’s a good idea to see how much money you have left.

But generally speaking, most people don’t pay their bills with their savings. And if you are in the same boat, then there is no need to check this balance often. Of course, you could see this balance increase over time as a result of accrued interest. But given the current position of interest rates, you are unlikely to see significant movement week to week or even month to month.

Know what your financial situation looks like

Regardless of your age, income, or goals, it’s a good idea to get a feel for the state of your finances. It means knowing how much money you have not only in the bank, but in your brokerage account and retirement plan, too. Having these numbers could guide you to wise decisions that only help your financial situation improve.

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A letter to say goodbye to my bank account balance https://medielys.com/2021/12/10/a-letter-to-say-goodbye-to-my-bank-account-balance/ Fri, 10 Dec 2021 03:22:51 +0000 https://medielys.com/2021/12/10/a-letter-to-say-goodbye-to-my-bank-account-balance/ [ad_1] Dear bank account balance, As much as I want this to be a hello letter, now that we have entered the holiday season, I have to say goodbye. Say goodbye to $ 6 coffee drinks and late-night in-and-out groceries. I offer you sweatshirts, wrapping paper, a plane ticket for the house and gifts for […]]]>


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Dear bank account balance,

As much as I want this to be a hello letter, now that we have entered the holiday season, I have to say goodbye. Say goodbye to $ 6 coffee drinks and late-night in-and-out groceries. I offer you sweatshirts, wrapping paper, a plane ticket for the house and gifts for everyone I love.

It always hurts to see you go. To see your value drop and disappear, especially now that the weather is getting colder and the holidays are out of reach. It’s like I need you the most right now. It may be my fault that you are so low that you are worried; I made a commitment to others and tried to show it, and you paid the price.

But still, Telegraph window shopping and late-night Chipotle dinners just aren’t the same without you.

Mainly because it’s just financially impossible, but it’s just not the same without you. It’s like we’re breaking up, and you’re the ex that stays on my mind.

It was hard to see you shrinking over the past few weeks. Every time I hit the ‘confirm purchase’ button at checkout, I felt a pang in my heart, as big as my wallet. My only lifeline was coming in every two weeks in the form of direct deposit, but even that was barely enough to get you back afloat.

But now, as the break begins and the last minute Christmas shopping takes place, I have to say goodbye for good. Because I have more gifts to give, and even less money to get in return. My very dear friend, I hope you know that you are going to please a lot of people because the spirit of Christmas is depleting your balance.

So it’s goodbye, and I will miss you a lot. Especially how you stocked my pantry and supported my coffee groceries. However, I hope I will see you again in the New Year.

Thanks for the fun memories.

Contact Isabella Carreno at [email protected].

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WhatsApp Pay: Here’s How To Check Your Bank Account Balance https://medielys.com/2021/09/15/whatsapp-pay-heres-how-to-check-your-bank-account-balance/ Wed, 15 Sep 2021 07:00:00 +0000 https://medielys.com/2021/09/15/whatsapp-pay-heres-how-to-check-your-bank-account-balance/ [ad_1] There are two ways that users can check their bank account balance using WhatsApp Pay. Here is a step by step guide. WhatsApp is mainly used by people as a social media platform where they can chat, share photos, videos, voice notes and more with their friends and relatives. Last year, the app introduced […]]]>


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There are two ways that users can check their bank account balance using WhatsApp Pay. Here is a step by step guide.

WhatsApp is mainly used by people as a social media platform where they can chat, share photos, videos, voice notes and more with their friends and relatives.

Last year, the app introduced ‘WhatsApp Pay’ UPI payments in India to facilitate online payments like any other UPI payment app like Google Pay or Paytm.

To benefit from WhatsApp Pay services, users must add a bank account to it. They can also use it to check bank account balances.

Check the account balance from the settings:

There are two methods to check bank account balances on WhatsApp Pay. Here’s how you can do it from the settings:

Step 1: Go to WhatsApp on your device, then to “Settings” by tapping on the three dots icon at the top right of the main screen,

2nd step: Then select “Payments” and choose the appropriate bank account.

Step 3: Press “View account balance” and enter the PIN code.

Step 4: Your account balance will be displayed after entering the PIN code.

Check your account balance when sending money:

Another way to check the bank balance is to send money to another account. Here is how to do it:

Step 1: Tap the available payment method on the payment message screen.

2nd step: Next, tap on the account whose balance you need to check.

Step 3: Select “View account balance”, then enter the PIN code.

Step 4: Your balance will then be displayed.

READ MORE: Forgot your Facebook credentials? Here’s how to log into your account even if you don’t know your password.

Click here for IndiaToday.in’s full coverage of the coronavirus pandemic.

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Man hits woman at bar showing balance in bank account: VIDEO https://medielys.com/2021/09/15/man-hits-woman-at-bar-showing-balance-in-bank-account-video/ Wed, 15 Sep 2021 07:00:00 +0000 https://medielys.com/2021/09/15/man-hits-woman-at-bar-showing-balance-in-bank-account-video/ [ad_1] “Hey babe, do you want to see how many commas are in my bank account?” sounds like a bad replica of an old Looney Toons cartoon, not a real-life storyline – but the absolute parade of surprises that are the men as a whole made it come true in a video incredibly shared with […]]]>


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“Hey babe, do you want to see how many commas are in my bank account?” sounds like a bad replica of an old Looney Toons cartoon, not a real-life storyline – but the absolute parade of surprises that are the men as a whole made it come true in a video incredibly shared with “Cringetopia” from Reddit.

The video shows the man approaching a woman in a bar, showing her a large bank account balance. It’s not going well for him.


Using Your Wells Fargo Account to Pick Up Girls

Youtube

The woman said, “Do you really think this is going to impress me?

The man awkwardly defends himself and is suspicious of his choice during the video, repeating that the money “should” impress him.

Everyone who saw the video on Reddit cringed.

WildAnt3968 said it was definitely an ego trip:

“It makes it look like he’s just received a personal injury settlement and thinks ‘I’m rich now, bitches.’ Everything in it is screaming ‘sudden money’ for a person who is generally financially unstable.”

Gina_the_Alien was surprised at how it was really cringe:

“This is the best example of grinding my teeth that I have seen in a long, long time.”

NoiceStyle thought he was going in a different direction:

“You don’t understand. He’s showing us a tutorial on how not to fuck.”

During this time, Slabb84 theorized another approach:

“Can I take a look at my $ 34,000 portfolio and $ 18.56 checking account?” “

“Money doesn’t fucking impress me,” said the woman, more categorically, in order to keep the man away from her, to which he replies that the woman has “lost in her life”.

The video has spread beyond Reddit and onto Twitter, where people are also annoyed by the man’s pickup tactics:





The man’s daring in the video to approach someone unsolicited and show them their bank account directly has shocked many users, as has the relatively low balance of just over $ 92,000. he had.

“It’s probably not enough to convince someone who isn’t interested in you to give you a chance (especially since it’s such a dumb gesture)” IAmPandaRock wrote.

“I mean, maybe if it said something like $ 350,000,000 the woman might think ‘damn that’s a jerk but that’s a ton of money… I guess I can see where that is. is going very short term… maybe we can go to Paris for lunch! ‘”



Needless to say, it looks like the banker found himself without a date despite his best efforts.

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Here’s how to check your bank account balance using WhatsApp Pay https://medielys.com/2021/09/14/heres-how-to-check-your-bank-account-balance-using-whatsapp-pay/ Tue, 14 Sep 2021 07:00:00 +0000 https://medielys.com/2021/09/14/heres-how-to-check-your-bank-account-balance-using-whatsapp-pay/ [ad_1] You will first need to link your bank account to WhatsApp payment. The bank account balance can be viewed either from the settings or from the payment message screen. To view your account balance, you will need to enter the UPI PIN code. Most of us use WhatsApp as our instant messaging app, but […]]]>


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  • You will first need to link your bank account to WhatsApp payment.
  • The bank account balance can be viewed either from the settings or from the payment message screen.
  • To view your account balance, you will need to enter the UPI PIN code.

Most of us use WhatsApp as our instant messaging app, but as of last year, the Facebook-owned platform offers UPI payments in India. You can use WhatsApp to send and receive money like all other UPI payment apps like Google Pay, PhonePe, and Paytm.

If you haven’t set up WhatsApp payment, you can do so in the app by going to the Payments option in Settings on iOS devices or by tapping the three-dot icon More options on devices Android. Select “Add a payment method” and follow the instructions. It is important to note that you can only select a bank account associated with your WhatsApp number. At the end of the process, you will need to set up a PIN code that you will need to remember to continue using UPI payment services.

Once you have configured the payment method and added a bank account, you can check your bank account balance using the two methods given below.

Check the bank account balance in the settings.


  • Open the WhatsApp app.
  • On iOS, tap Settings at the bottom of the screen, or on Android OS, tap the three-dot icon at the top right of the main screen.
  • Select Payments.
  • Under Payment methods, choose the relevant bank account.
  • Tap on View Account Balance and you will be asked to enter the PIN code.
  • Your bank account balance will be displayed once you enter the PIN code.

Check bank account balance when sending money



You can also check your account balance while sending money from the payment message screen. Follow the steps below to check your balance.

  • From the payment message screen, tap the available payment method.
  • If you’ve linked multiple bank accounts to WhatsApp Pay, tap the account whose balance you want to view.
  • Now tap on View Account Balance.
  • When prompted, enter the PIN code to check your account balance.

Alternatively, some banks also offer free banking services to customers through WhatsApp. Save the contact of the WhatsApp chatbot number associated with your bank and send a “Hi” message. A menu of services will be prompted in the chat box which will include displaying your account balance option. Respond with the selection to view your account balance.

SEE ALSO:

How to take screenshots on Windows 10, 8, and 7

How to permanently delete a Facebook account

How To Fix Gmail If You Are Not Receiving Emails

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