Yes, although you may not be aware of it, a bank can take money out of your checking account, even without asking your permission beforehand. It's called a "right to offset," and it's built into ...

Plus, you must enroll in electronic statements and have at least one electronic transaction each month to earn interest on your checking deposits at all. Online banks that take cash deposits have ...

And if you take a few modest precautions, you can reduce your risk even further and sleep soundly, knowing your money in the bank is almost certainly safe—during a recession and during good times.

Take a look at Discover® Bank CDs now to see how they fit with your savings goals. T-bills are like super-safe IOUs from the U.S. government. You give them money now, and they promise to pay you ...

However, a potential downside of not having access to bank branches is that it’s more difficult to deposit cash into your account. In fact, some online banks don’t even allow for cash deposits.