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Electronic Check (E-Check): What It Is and How It Works
https://www.sofi.com/learn/content/what-is-an-electronic-check-e-check/
An electronic check, or eCheck, is an electronic version of a paper check. Instead of writing out a check and handing (or mailing) it to the recipient, you enter your banking information and the payment amount online and authorize a transfer of funds from your bank account to the payee’s bank account. Electronic checks are […]
Bounced Check: What Happens if a Check Bounces?
https://www.sofi.com/learn/content/what-should-i-do-if-a-check-bounces/
Bounced checks are sometimes referred to as rubber checks because, instead of going through, they “bounce” back to the payer’s bank unpaid. No money is transferred, and the person who was expecting to be paid doesn’t receive their funds. The payer will typically get hit with fees and could also face other negative consequences. The […]
The Ultimate Babyproofing Checklist
https://www.sofi.com/learn/content/ultimate-babyproof-checklist/
When babies start crawling, they can get into all sorts of trouble. Aside from creating messes, they can hurt themselves. That’s why it’s important to babyproof a home before a child begins to explore. The process of babyproofing can take time, effort, as well as a financial investment. But the payoff is huge — you’ll […]
How Often Should You Monitor Your Checking Account?
https://www.sofi.com/learn/content/how-often-should-you-monitor-your-checking-account/
Many people find that monitoring their checking account once or twice a week is a good cadence, but there’s no frequency that’s right or wrong. It’s a personal decision: Your checking account is likely to be the hub of your financial life, and so you may want to peek at your balance often or see […]
Can You Have Multiple Checking Accounts With the Same Bank?
https://www.sofi.com/learn/content/can-you-have-two-checking-accounts-with-the-same-bank/
Most people begin their banking journeys with one checking and one savings account. But, as financial lives evolve and get more complex, having more than one checking account can make sense. It may help you if, say, you have a full-time job but also have a side gig and want to keep the earnings separate. […]