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Non Sufficient Funds or A balance in a deposit account that isn’t large enough to pay the checks and other items presented for payment.
California General Bank started business in the first quarter of 2009. The bank is an independent commercial bank based in Pasadena, California. California General Bank specializes in the financial needs of the small to medium size privately owned business, professionals, and high net worth individuals. For personal savings accounts, the bank offer several different accounts,
CD interest rates made a minor dip lower during the second week of 2013. Individual CD maturities were mixed with some maturities pushing moderately higher while others retreated lower. The midterm CD rates were a fair bit lower but the overall reduction in the average CD rates was held back by the lack of the
A creditor’s measure of a consumer’s past and future ability and willingness to repay debts.
Atlantic Coast Bank is a federally chartered mutual thrift or savings association. Therefore the primary regulator is the Office of Thrift Supervision (OTS). The bank was established on March 27, 1939. Atlantic Coast Bank has been FDIC insured since November 1, 2000
As of June 31, 2009, Atlantic Coast Bank had a total of 175 full-time
Magyar Bank was founded in 1922 by Hungarian immigrants. The name “Magyar” is the Hungarian word to describe an individual from Hungary. Magyar Bank has been FDIC insured since September 7, 1954. The bank is chartered as a FDIC Savings Bank. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). At the end
A money market fund is a type of mutual fund that invests in high-quality, short-term securities that present minimal credit risk. These funds also pay dividends that generally reflect short-term interest rates. Although the net asset value per share of a traditional mutual fund changes daily in response to market factors, money market
There is no reason to fear online banks and internet bank accounts. Banks that offer CDs and savings accounts online often offer very competitive rates. Online-only banks often offer some of the best CD rates nationally. They have lower overhead than the brick-and-mortar banks so they can pass the savings on to you. Security measures with these
Bank of Chestnut is located in the Village of Chestnut, Illinois, which is the geographic center of the State. The bank was established on January 1, 1902. Bank of Chestnut has been FDIC insured since January 1, 1934. Bank of Chestnut is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal
In finance and economics, interest is considered the price of money, and it is subject to changes due to the supply and demand of available funds and inflation. The nominal interest rate, which refers to the price before adjustment to inflation and risk, is the one that is visible to the consumer. The
Bank interest rates and bond rates drifted measurably lower this past week with the exception of bank CD rates. Lower rates have materialized throughout most interest rate sensitive products even as the Fed has stayed the course on their reduction in monetary easing by cutting $10 billion in bond buying per meeting. Economic news has
North American Savings Bank (NASB) is offering a new CD rate promotion for customers that have a checking account relationship with the bank. The CD interest rate offered is based on a tiered structure with higher rates paid to account holders that hold larger checking account balances.
The bank offers several different terms and rates in
A formal statement prepared when a loan payoff is contemplated. It shows the current status of the loan account, all sums due, and the daily rate of interest.
A savings account that offers a higher rate of interest in exchange for larger than normal deposits. Insured by the FDIC, these accounts have limits on the number of transactions allowed and may require higher balances to receive the higher rate of interest.
The reserves of a bank accounted by the Federal reserve which are in excess of the banks legal requirement.
State-Investor Bank was founded in 1894, in Louisiana. The bank has survived the Great Depression, two world wars and has been handling consumer accounts before the creation of the FDIC. State-Investor Bank has four bank branch locations serving the region. The bank has been FDIC insured since August 3, 1935. State-Investors Bank is chartered as
The Truth in Lending Act is a Federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on what credit will cost the borrowers, when charges will be imposed, and what the borrower’s rights are as a consumer.
Accepting checks is part of contract law and usually governed by the Uniform Commercial Code. Individual states set the standards for the acceptable term on a check. It is a general standard that a check over 6 months old.
The bank is not required to notify you when a check bounces. You are responsible for keeping a current and accurate check/transaction register. By balancing it with your monthly statement, you will know your account balance and prevent overdrafts.
State laws generally provide that it is illegal to write a check, knowingly or negligently,
1st Colonial National Bank is a full service bank that provides commercial and consumer financial services to businesses and individuals within southern New Jersey and surrounding areas. The bank’s main office is located in Collingswood, New Jersey. 1st Colonial National Bank offers a variety of core consumer products.
1st Colonial National Bank deposit services include business