Growing a business is an exciting and demanding experience. Business owners are generally determined and studious, and this dedication can help them learn the ropes about how to handle a company’s books. When the business begins to grow, things get a little more challenging. Taking and making payments at various locations can become more important, and you may also be required to manage larger amounts on a regular basis. Business banking programs like the one at First Reliance Bank offer features that most organizations need during expansion.
Features of Business Banking
Companies that have moved beyond the startup phase need to upgrade their bank account. Luckily, business options come pre-loaded with the perks growing organizations need. The first is 24/7 access to money. Business owners often work odd hours and find themselves handling tasks from multiple locations. Constant access to accounts, combined with a wide network of ATMs, makes it easier ...
With various ways to store your money, choosing the right account for your emergency savings, baby fund, or college fund can be a challenging task. Two popular accounts are the standard savings account and money market account. To help clarify some distinctions between the accounts, we have broken down what’s different and what’s similar between the two.
Buying a home vs. renting is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. It is an achievement that offers a sense of pride, financial stability and potential tax advantages.
How safe is your smartphone? According to Adam Levin, identity theft prevention expert and cofounder of Identity Theft 911, the amount of personal data contained on most smartphones is staggering.
Whether you have actively thought about it or not, you have built a credit history and a credit score that is reviewed constantly by lenders, credit card companies, financial institutions and even employers. Your credit score not only affects the rate you will be charged for credit, but also affects the financial products and services you will be able to obtain. A poor credit score can mean that you may be turned down for even a basic account such as checking.
Understanding how this score affects your financial life is critical, but it doesn’t take much time to learn the basics and even start correcting a bad score. Information on how credit scores are calculated and what lenders look for when you apply for credit is further down in this article. But first, here are some easy steps you can take towards a better credit score:
Taking control of your money is an important step toward having the freedom to reach your goals. At First Reliance Bank, we are here to help you manage your money and build a plan to reach your goals. As part of our commitment to helping you, we are proud to offer several Managing Your Money Educational Courses.
Money Talks Newsletter
The Money Talks newsletter series contains tips, practical advice, thought-provoking ideas and age-appropriate activities to bring lessons alive for young children, tween, teens and young adults. This newsletter is designed for parents, grandparents and other caring adults to help them teach children and young adults about money. Visit the FDIC Website.
FREE Money Smart™
Developed by the Federal Deposit Insurance Corporation (FDIC), Money Smart™ is a free online website featuring easy-to-learn educational courses. These courses are specially designed to help adults learn the key things they need to know in ...
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects the funds depositors place in banks and savings associations. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has ever lost a single penny of FDIC-insured funds.
FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or securities. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. The FDIC provides separate coverage for deposits held in different account ownership categories. Depositors may qualify for more coverage if they have funds in different ownership categories and all ...
Are you stuck and can't get out of a hole? Do you often find yourself saying, "I wish I could, but I can't afford it."
If this is you, we have a SOLUTION! We're offering four FREE personal finance video lessons for a limited time that will give you the steps to take to fund the dreams you have for things you want for yourself and your family. First Reliance Bank's purpose is "To make the lives of our customers BETTER." To fulfill our promise, we've partnered with JOSEPH SANGL, a leading teacher of personal finance. He is the founder of I Was BrokeNow I'm Not, an organization that provides financial teaching. It is his passion and mission "to help people accomplish far more than they ever thought possible with their personal finances." Additional tools and information can be found on their website: IWBNIN.com
Growing a business is an exciting and demanding experience. Business owners are generally determined and studious, and this dedication can help them learn the ropes about how to handle a company’s books. When the business begins to grow, things get a little more challenging. Taking and making payments at various locations can become more important, and you may also be required to manage larger amounts on a regular basis. Business banking programs like the one at First Reliance Bank offer features that most organizations need during expansion.
If this is you, we have a SOLUTION! We're offering four FREE personal finance video lessons for a limited time that will give you the steps to take to fund the dreams you have for things you want for yourself and your family. First Reliance Bank's purpose is "To make the lives of our customers BETTER." To fulfill our promise, we've partnered with JOSEPH SANGL, a leading teacher of personal finance. He is the founder of I Was Broke Now I'm Not, an organization that provides financial teaching. It is his passion and mission "to help people accomplish far more than they ever thought possible with their personal finances." Additional tools and information can be found on their website: IWBNIN.com
