adminFedNow: What It Is and How It Works
FedNow is a new instant payment service launched by the Federal Reserve in July 2023. Using the FedNow Service, financial institutions can give customers real-time payment capabilities, executing transactions in…
What Happened at Credit Suisse, and Why Did It Collapse?
In mid-March 2023, Swiss bank UBS Group AG (UBS) bought rival Credit Suisse Group AG for 3 billion CHF (about $3.3 billion USD), a move intended to shore up the…
Can You Deposit Cash at an ATM?
If you’d prefer not to go inside a local branch, many financial institutions allow you to deposit cash directly into your bank account using an ATM. However, this feature isn’t…
How To Set Up Direct Deposit
Setting up direct deposit is as simple as filling out a paper or online form and submitting it to your employer. Then, your employer can make payments directly to your…
