Transactions over $10,000 trigger a currency transaction report under the Bank Secrecy Act. Structuring deposits to avoid reports can still alert banks and lead to a possible suspicious activity ...

What is pay by bank? Pay by bank is a secure payment method that allows direct bank transfers between individuals and/or businesses. It is also referred to as electronic bank transfers or EFT because ...

This nine-digit number identifies your bank or credit union in a financial transaction. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you ...

A bank statement itemizes all the activity affecting your account over the past statement period, which is usually a month. It also shows what the balance was at the beginning and end of the statement ...

Here’s why this efficient payment method is steadily overcoming doubts to establish itself as a safe, efficient—and fast—alternative to cards. From instant-payment processing times to real-time ...

Reconciling your bank transactions to your business book is essential to the financial health of your company. However, if you’ve never reconciled your company’s transactions before, the process can ...

Discover how frozen bank accounts work. Explore the common reasons for freezes, pros, and cons. Be prepared to handle ...

The Nixon administration decided to start tackling financial fraud at the banking level. The government needed cooperation from the banks to catch money launderers, drug dealers, and other bad actors.