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12 Important Secrets Your Bank Would NEVER Tell You

May 4, 2023 · Personal Finance
Bank
Photo by fizkes at Shutterstock

Certain types of insurance are useless

If you received a credit card from your bank, your banker probably offered you a few different kinds of insurance. But according to experts and employees, some of those insurance products are entirely useless.

This is particularly true for credit balance insurance. In the long run, it’s very expensive and comes with numerous exclusions.

A horizontal timeline showing the 3-day delay between depositing a check and funds becoming available to avoid a $30 fee.
This timeline illustrates how a three-day processing delay can trigger overdraft fees before your funds clear.

It takes them three days to post checks to your account

Did you deposit a check today? Well, that’s great, but it doesn’t mean you can start throwing money around tomorrow. Banks are in NO rush! After all, if you bounce a check, they get to collect about $30 from you, depending on the branch!

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