US citizens send huge amounts of money overseas. This amounts to $74.6 billion a year that goes to middle- and low-income countries. The average transaction cost is six percent. This means that for every $500 you send, $30 of that remittance will be used up on fees. Thus, it is worth exploring the different options and deciding which one is cheapest or most convenient for you – some people would rather pay a higher fee for convenience for themselves and the recipient. Here are your available options:
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Mark Hauser Profiles the US Banking System and Highlights Depositor Protections
Mark Hauser, co-managing partner at Hauser Private Equity, takes an inventory of the US banking system and highlights protections for depositors.
Banks and similar financial institutions have historically been woven into the fabric of American life. For generations, individuals have held checking accounts, savings accounts, special-purpose savings accounts, and Certificates of Deposit at their community banks. Banks’ customers have purchased homes and started small businesses with locally sourced loans.
[Read more…] about Mark Hauser Profiles the US Banking System and Highlights Depositor ProtectionsYotta Savings Account Review
Saving money may be a pain for many people. However, it may not appear to be worth it, and there is usually an immediate benefit associated with putting additional funds into a savings account. Furthermore, with interest rates at present low, there may not be much need to save money.
Yotta Savings Account is here to fight that trend. Yotta is a high-yield savings account specialist that operates through the internet. Yotta also has a unique element: the opportunity to win weekly prizes.
[Read more…] about Yotta Savings Account ReviewWill Your Credit Be Affected By The Fed’s Interest Rate Hike?
One of the big economic news stories lately has been the Federal Reserve’s latest interest rate hike. The Fed has planned on hiking interest rates since last year, and so this hike is no surprise. However, unforeseen events this year have led to expectations of further interest rate hikes that will go far beyond what was previously planned.
[Read more…] about Will Your Credit Be Affected By The Fed’s Interest Rate Hike?Figure Loans Review
Figure Loans is an online lending service designed for borrowers with good credit scores. The Fintech company uses the FICO scoring system, meaning they accept borrowers with a FICO credit score of 680 or better. Figure offers several services to borrowers. One of their most popular services is the home equity line of credit. With this service, homeowners can take out a fast loan on their mortgage – usually within minutes. The borrowers will have the funds available in their bank account in a few days.
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