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A Guide on Splitting a Joint Bank Account
https://www.sofi.com/learn/content/splitting-joint-bank-accounts/
Closing a joint account typically involves the same steps as you would take with many other types of bank accounts. Whether it’s due to ending a relationship, preventing any legal liabilities, or any other valid reason, understanding the right protocol to close or separate a joint bank account can help make the process much smoother. […]
What ‘Do Not Convert to ACH’ Means on a Check
https://www.sofi.com/learn/content/do-not-convert-to-ach/
Checks seem a pretty mundane bit of banking, but when they say “Do not convert to ACH,” that means the payer doesn’t want the funds transferred electronically. Rather, they are requesting manual processing. Here, learn more about the implications of these five little words on a check. ACH System 101 First, understand what ACH is. […]
What Are Brokerage Checking Accounts?
https://www.sofi.com/learn/content/what-are-brokerage-checking-accounts/
Brokerage checking accounts combine the everyday usability of a checking account with the investment potential of a brokerage account, allowing you to manage both your bills and investments from a single platform. Often referred to as a “cash account” or “cash management account,” these accounts offer flexibility — you can buy, sell, or trade securities […]
What Is the Average Stock Market Return?
https://www.sofi.com/learn/content/average-stock-market-return/
Wondering how much you’ll gain by investing in stocks? It helps to look at the average stock market return for the last 10, 20, and 30 years.
Going Back to School for a Master’s Degree During a Recession: Good or Bad Idea?
https://www.sofi.com/learn/content/grad-school-during-a-recession/
Deciding to pursue a master’s degree during a recession can be a strategic move or a financial risk, depending on your circumstances. While economic downturns often reduce job opportunities, they can also provide a chance to invest in education, build new skills, and enhance career prospects. Historically, times of economic turmoil have seen big upticks […]