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Join bloggers Amanda and Corey Hendrix as their family embarks on a new homebuying journey. From previously living in older homes that require plenty of love (and renovations), they’re looking at opening up their option into new build territory.
The post The Homebuying Journey with Love and Renovations appeared first on Homes.com.
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You’ve probably had a checking account for most of your life and never gave it much thought. It’s just there to store your everyday cash, right? Not necessarily.
If you’re considering questions about checking accounts as you take a closer look at your current setup and explore opening a new one, it’s important to note that checking accounts are designed with different and unique features. Some may even be more beneficial to you than you realize.
For starters, most checking accounts offer a host of conveniences, providing customers the ability to set up automatic payments for routine bills, schedule electronic transfers and make all deposits and transfers via a smartphone app. Some accounts even allow you to earn cash back on your debit card purchases.
âA checking account can have a long-term impact on your financial well-being, so it’s worth taking the time to figure everything out,” says Jeff Kreisler, money expert and author of the personal finance book “Dollars and Sense.”
At this point, you might be thinking, “What questions should I ask before opening a checking account?” To help you decide which account is right for you, here are four key questions to ask yourself:
Before you open a new checking account, do a little homework to learn about the different types of checking accounts offered by banks, Kreisler says. There’s the standard personal checking account that allows you to write checks and make payments with your debit card or electronically. But when thinking about questions to ask when opening a checking account, go beyond the basic features to find an account that best fits your lifestyle and financial goals. Here are some examples:
Say hello to
cash back on debit
card purchases.
No monthly fees.
No balance requirements.
No, really.
See Details
Discover Bank, Member FDIC
The above checking accounts are the most standard and usually have appealing benefits. But if you have more questions about checking accounts, there are options that can cater to more specific needs. However, they often have less flexibility. For instance:
“A checking account can have a long-term impact on your financial well-being, so it’s worth taking the time to figure everything out.”
This is one of the most commonly asked questions about checking accounts. Before choosing a checking account, be sure to research its fees, says Marc Bernstein, financial planner and strategist for MWealth Advisors. Types of fees and fee amounts can vary greatly from bank to bank, and even among accounts at the same bank.
A question to ask when opening a checking account is if the account charges fees for ATM use, automatic bill pay, monthly maintenance, ordering checks, replacing a debit card or ordering official bank checks. Banks may charge any combination of these feesâor none. Discover Cashback Debit comes with no fees. Period.2 That means you won’t be charged a fee for any of these services.
Along with including the fee topic on your list of questions to ask before choosing a checking account, you should also consider obtaining “a document outlining the fees you’ll be paying, in case you have any questions, and check the fine print,” Bernstein says. You can also typically find a list of fees (if any) on the bank’s website or in the account agreement.
According to Bernstein, among the questions to ask when opening a checking account is if it requires an initial minimum balance to open. You’ll also want to know if a minimum balance needs to be maintained to avoid a fee.
Bernstein suggests looking for an account with no minimum balance requirement if you tend to keep less than $1,000 in your account or like to have flexibility when making large withdrawals.
If you’ve asked this question about checking accounts and are still comparing accounts that have a minimum balance requirement, realistically determine how much you can keep in your account per month and what you will be charged if you can’t keep that balance.
Even if your account falls below a minimum requirement, there could be a way to save on fees. If you have multiple accounts at one bank, the bank may allow you to combine the balances to waive checking fees.
The total average cost of withdrawing cash from an out-of-network ATM is $4.68. That’s 36 percent higher than it was 10 years prior, with no signs of decreasing.
If you frequent the ATM to take out cash, a good question to ask before choosing a checking account is: Where are the bank’s ATMs located in relation to your home and work?
Availability of ATMs is an important question to ask when opening a checking account that can really affect your wallet. For instance, if you decide to withdraw money from an ATM that’s not in your bank’s network, you can get hit with two separate charges: a surcharge from the ATM owner (since you’re not a customer) and a fee from your own bank.
And those fees can really add up. According to Bankrate’s 2018 checking account and ATM fee study, the total average cost of withdrawing cash from an out-of-network ATM is $4.68. That’s 36 percent higher than it was 10 years prior, with no signs of decreasing.
One way to get cash without paying an ATM fee is to use your own bank’s ATMs. The more ATM locations that your bank offers that are conveniently located, the less likely you are to use one that’s out-of-network and rack up unnecessary charges. If you can’t always use your own bank’s ATM, one of the questions to ask when opening a checking account is whether your bank allows you to use a broader ATM network for no-fee transactions.
Opening a new checking account is an important step toward establishing, or rebuilding, your financial foundation.
Now that you can ask the right questions about checking accounts, you’re one step closer to choosing an account that fits your individual needs. And that feels like money in the bank.
1 ATM transactions, the purchase of money orders or other cash equivalents, cash over portions of point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), and loan payments or account funding made with your debit card are not eligible for cash back rewards. In addition, purchases made using third-party payment accounts (services such as Venmo® and PayPal
, which also provide P2P payments) may not be eligible for cash back rewards. Apple, the Apple logo and Apple Pay are trademarks of Apple Inc., registered in the U.S. and other countries.
2 Outgoing wire transfers are subject to a service charge. You may be charged a fee by a non-Discover ATM if it is not part of the 60,000+ ATMs in our no-fee network.
The post 4 Questions to Ask Before Choosing a Checking Account appeared first on Discover Bank – Banking Topics Blog.
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You may need your CIT Bank routing number for several things from sending money to friends and family to direct deposit money.
This guide will help you find your CIT Bank routing number.
| *TOP CIT BANK PROMOTIONS* | ||
|---|---|---|
| PROMOTIONAL LINK | OFFER | REVIEW |
| CIT Bank Money Market | 1.00% APY | Review |
| CIT Bank Savings Builder | 0.95% APY | Review |
| CIT Bank CDs | 0.75% APY 1 Year CD Term | Review |
| CIT Bank No Penalty CD | 0.75% APY | Review |
A routing number is a 9-digit number that banks use to identify themselves. Think of it as an address that lets banks know where to send the money.
A routing number is often referred to as the ABA number or check routing number.
The American Bankers Association created the bank routing number in 1910 in order to process paper checks and allow banks and other financial institutions to send and receive funds from and to other financial institutions.
Unlike other banks such as Wells Fargo routing number and Citibank routing number, which have several routing numbers for different states, CIT Bank only has one routing number.
That is because CIT Bank is an online-only bank. So it does not matter where you live, you only need to know one routing number.
The CIT Bank routing number is: 124084834.
As mentioned above, because CIT bank does not have local branches, you will only need to remember the number above to do your transactions, regardless of where you live.
So, for example, if you live in New York, your CIT Bank routing number is still 124084834.
You will need your CIT bank routing number for several reasons. For instance, you need it for:
There are several ways to find your CIT Bank routing number.
Your CIT Bank personal check.
For your CIT bank “eChecking” account, you can find your routing number at the bottom left hand corner of the personal check.
On this page:
In case you have missed it, we have listed the CIT Bank routing number earlier in this article. It is: 124084834.
Cit bank online:
Find your routing number online by going to their resources and FAQs page.
Call customer service:
Lastly, you can call customer service at 855-462-2652 to get your routing number. However, you will need to identify yourself to get your number.
Once you do so, a representative will be able to help you.
Routing Numbers for Domestic Wire Transfers
With your CIT Bank account, you are able to wire money to other bank accounts in the United States.
Other banks can also wire money to your account as well.
So, to get funds from a domestic wire, use this routing number: 124084834.
You will also need the following:
One thing to be aware of, while CIT bank does not charge for incoming wires, they will charge you a $10 fee for outgoing fee unless you maintain a daily of $25,000 or more.
If you are a commercial, listing service, and institutional client, call CIT Bank at 877-748-0004 to get the correct routing number for wire transfers.
Routing Numbers for International Wire Transfers
CIT Bank does not have outbound international wire transfers at this time. But, you can receive an international transfer from another bank.
So, just provide the routing number 124084834 to whoever wants to send you an international wire transfer. Also CIT Bank does not have a SWIFT code, which is used for international transfers.
You will need your CIT Bank routing number to do several financial transactions. For example, you will need it to set up direct deposit, automatic payment, or wire transfer.
So it’s important to know what it is and to keep it handy.
However, if you don’t have an account with CIT Bank yet, make sure you check out their CIT Bank savings accounts and best CD rates.
| *TOP CIT BANK PROMOTIONS* | ||
|---|---|---|
| PROMOTIONAL LINK | OFFER | REVIEW |
| CIT Bank Money Market | 1.00% APY | Review |
| CIT Bank Savings Builder | 0.95% APY | Review |
| CIT Bank CDs | 0.75% APY 1 Year CD Term | Review |
| CIT Bank No Penalty CD | 0.75% APY | Review |
The post Here’s Your CIT Bank Routing Number appeared first on GrowthRapidly.
Source: growthrapidly.com
Source: thesimpledollar.com
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âTaken together, the expanded benefits have had a massive effect on the economy,â Evermore said. âInitial unemployment claims are still coming in at unprecedented levels â but this could have been a lot worse without all these federal benefits.â
Data from the Department of Labor proves that. More than 4 million Americans have exhausted their state UI benefits and are relying on the federal extension.
âUnderstanding the difference with all these programs and acronyms is going to be confusing,â Evermore said. âJust follow the instructions from your state agency. The agency is required to give you information on how to apply [for extensions].â
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
The catch: You can only apply for this extension once you have run out of your stateâs unemployment benefits. You canât pre-register. The Department of Labor directed states to alert you by email or letter if you are potentially eligible for the extension, but made it clear to states to not automatically enroll people.
Most states offer Unemployment Insurance for 26 weeks. If your benefits are about to expire, and youâre still out of work, a low-grade panic may be setting in.
In March, the .2 trillion CARES Act authorized federal aid to supplement state-level Unemployment Insurance programs, a provision dubbed Pandemic Emergency Unemployment Compensation or PEUC. The second stimulus package passed in December revived PEUC, extending UI benefits for 11 more weeks.
Another source of uncertainty is the number of weeks PEUC will extend your unemployment benefits in total. The first stimulus package authorized 13 additional weeks of benefits. The second package authorized 11 more. But itâs more complicated than adding those two figures together and getting 24 extra weeks.
For example, Florida has the shortest duration of unemployment benefits, at 12 weeks. The stateâs Extended Benefits program is also one of the shortest, at six weeks. The order of operations for all possible extensions in Florida would look like this: 12 weeks of UI, 24 (max) weeks of PEUC, six weeks of EB. The total so far is 42 weeks, meaning Florida residents can potentially use Pandemic Unemployment Assistance for 8 weeks to reach the maximum of 50 weeks of aid.
In times of high unemployment rates, 49 states (all except South Dakota) have an Extended Benefits or EB system that adds up to 20 weeks of benefits, according to data compiled by the Center on Budget and Policy Priorities. Provided that local unemployment rates are still high when you exhaust PEUC, you may qualify for more benefits.
Source: thepennyhoarder.com
By design, this may cause an interruption in weekly payments.
Here are two important things you need to know: One, unemployment extensions are available. But, two, theyâre not automatic.
Based on guidance from the Labor department, the order of unemployment programs for typical jobless workers goes like this:
The PEUC application is based on your state-level unemployment claims. While you must opt in to receive the additional weeks of benefits, you wonât have to completely reapply.
New York residents who exhaust their stateâs program, in contrast, would not be eligible for PUA because the total length of their state benefits plus all available extensions exceeds 50 weeks. By quite a bit, too. Including all sources of assistance, New Yorkers are eligible for up to 70 weeks of unemployment benefits.
Hereâs our 50-state guide to filing for Pandemic Unemployment Assistance. (We include an interactive map with specific state-by-state instructions.)
âThe password reset process, in many states, is really difficult,â Evermore said. âYou have to call and talk to a password reset person, and then that person will mail you â in the mail â a new password.â
If you are unable to find work after exhausting your stateâs program and all additional weeks of PEUC, you may be eligible for a separate extension from your state.
As an Unemployment Insurance recipient, you are likely eligible for PEUC, the new extension program from the federal government.
âThereâs an order of operations here,â Evermore said.
Under PEUC, your weekly benefits will be the same as your state benefits, the check will just be coming from the federal government.
Whatever you do, donât lose your password to your online unemployment profile.
Adam Hardy is a staff writer at The Penny Hoarder. He covers the gig economy, entrepreneurship and unique ways to make money. Read his âlatest articles here, or say hi on Twitter @hardyjournalism.
But even if you didnât get that first extension, you could still get the 11 additional weeks approved in the second stimulus bill.
Note: This article has been updated with new information from the Continued Assistance Act (the second stimulus package).
Pandemic Unemployment Assistance is a federal program thatâs available for a maximum of 50 weeks, including the weeks of all previous programs you may have been on.
The unemployment provisions laid out in the first stimulus package expired in December 2020. So the 13 extra weeks provided by the CARES Act are no longer available to new applicants.
For jobless applicants, though, taking all this in can be overwhelming. But benefits are there if you can trudge through the paperwork and arcane websites.
When we bought our first home in 2013 we thought it would be our forever home. We planned on renovating once we were in a better place financially, but 6 years later we found ourselves struggling with the decision to renovate or sell.Â
The post Renovate or Sell? Why We Bought a New Home appeared first on Homes.com.
Source: homes.com
Source: moneycrashers.com