Trying to avoid government reports by splitting a large cash deposit into smaller ones can get you in serious trouble. Here's what to do instead.

A transaction account is a bank account that provides individuals with immediate access to money. Transaction accounts have full liquidity to pay bills and make everyday purchases. A common type of ...

Organizations representing the payments industry are coming out in support of the federal government’s move to eliminate paper checks for disbursements. Nacha, the governing body that oversees the ACH ...

Hopefully, we'll all learn something. First, banks do not process each individual transaction (deposit or withdrawal) as it happens. As transactions come to the bank during the day, they are collected ...

In 2008, in the midst of a financial crisis, federal regulators extended bank deposit guarantees beyond the statutory $250,000 limit to cover all “transaction,” or checking, deposits. Later codified ...

It's one of the major products to emerge from the Check Clearing for the 21st Century Act (Check 21) signed into law in 2003, but remote deposit capture still has yet to make major headway despite ...

Fifth Third Bancorp plans to lean into retail banking in the southeastern U.S. following a 5% decline in commercial transaction deposits during the second quarter. The opening of more than 20 new ...

Demand deposit accounts (DDAs) are the most common type of bank account. Many people don’t realize it, but a checking account is a DDA. The reason for its name is that the bank is required to allow ...