2581 Search Results
Guide To Budgeting Living Expenses
https://www.sofi.com/learn/content/budgeting-basic-living-expenses/
You’re undoubtedly used to those bills coming in every month, such as your housing costs, food, and car insurance, but you may sometimes wonder if there’s a way to better manage them. Budgeting for your recurring living expenses can help you take control of your cash and spend and save smarter. While there are various […]
APY vs Interest Rate
https://www.sofi.com/learn/content/apy-vs-interest-rate/
Table of Contents APY and Interest Rate Defined APY vs. Interest Rate Explained The APY Formula Calculating APR Types of High Interest Accounts for Savings High Interest Checking Accounts Interest rates and APY, or annual percentage yield, are likely words that you’ll hear throughout your financial life. If you are opening an interest-earning bank account, […]
Guide to Reopening a Closed Bank Account
https://www.sofi.com/learn/content/reopen-closed-bank-account/
You can sometimes reopen a closed bank account depending on the bank’s policies and the reasons for the closure. Accounts that you closed or that were closed due to inactive status tend to be easier to reopen than those that were terminated due to problems like frequent overdrafts. This guide will help you navigate having […]
What to Know About Removing a Hold on a Bank Account
https://www.sofi.com/learn/content/remove-balance-hold-from-bank-account/
After making a deposit to a bank account, in many cases, not all of the money is immediately available for use. This temporary delay in the availability of funds is called a “hold.” Typically, a deposit hold will only last one to two business days. Sometimes, however, deposited funds may be held for as long […]
Understanding ACH Transfer Limits for Incoming and Outgoing Transactions
https://www.sofi.com/learn/content/ach-transfer-limit/
When it comes to conducting transactions with your bank account, one of the most popular types is using ACH transfers, but they can come with limits, albeit fairly high ones. ACH payments are electronic bank transfers that quickly and conveniently process regular payments such as mortgages, utilities, loans, and tax payments. They can also be […]