TessMore Finance Blog

Zelle is one of the top money transfer apps , allowing you to send money to family and friends directly from your bank account. But did you know that Zelle limits vary from one financial institution to another? In fact, the variation from one bank to another can amount to thousands of dollars per day or month. The following table lists the daily and monthly Zelle Pay limits for 15 major banks and one large credit union: Bank Daily Limits Monthly Limits Ally Bank $500 $10,000 Bank of America $3,500 $20,000 Capital One $2,500 $10,000 Chase $2,000 $16,000 CIT Bank $600 Not disclosed Citi Varies by account, $500 to $5,000 Varies by account, $2,500 to $20,000 Citizens Bank $1,000 $5,000 Discover Bank $600 Not disclosed Navy Federal Credit Union $1,500 (instant), $3,000 (1 to 3 business days) $3,000 PNC Bank $1,000 $5,000 Regions Bank Varies based on your funding account, recipient, and transaction history for each recipient Sam

Every year, I give this list a mini-refresh. Sometimes I add an item. These are moves that are important but not urgent. Requesting a credit line increase is not something that will change your financial life… but it can make it easier. When you find yourself with some downtime after the New Year and you want to make some small “spring cleaning” types of moves in your finances, check out the list below for some ideas. Bookmark it. Email it to yourself in the future. Save it for later. Here are the spring cleaning money moves I recommend for 2023: Go paperless Review your Recurring Expenses Request a credit line increase Simplify your finances Update your financial documents Rebalance your investment portfolios Check your credit report for errors Shred old financial documents Price shop major fixed expenses Opt out of data collection sites BONUS TIP: Check MissingMoney.com You can do way more than what's on this list, it is by no means exhaustive, but these are th

It’s always a nice perk to earn cash back on purchases. But for years, cash back rewards were limited to credit cards. That’s no longer the case. Nowadays, several financial institutions include cash back rewards on debit card purchases. This is ideal if you prefer to use debit cards for spending. Cash back debit cards offer the same benefits as cash back credit cards , without the risk of taking on high-interest debt. But where can you get a cash back debit card, and is there a catch? To help, I’ve compiled a list of the best cash back debit cards. You’ll find offerings from online banks and a couple of national banks , including Bank of America. Table of Contents 6 Best Cash Back Debit Cards 1. Axos Bank 2. M1 Finance 3. Bank of America 4. Truist Delta SkyMiles Debit Card 5. Empower 6. LendingClub The Bottom Line 6 Best Cash Back Debit Cards When using cash back debit cards – or cash back credit cards – it’s important to be aware of the card’s terms and condition

Amortization is the method of reducing the value of an intangible asset like a bond. Therefore, the value of an amortized bond will be adjusted against its amortized interest at a given point. The fair market value of a bond is the price investors are willing to pay for a bond at any time. It is theoretically the present value of the future cash flows arising from the bond. With their key differences, let us discuss the amortization cost and fair value of a bond. What is the Fair Value of a Bond? The fair value of a bond is equal to the sum of the present value of its future interest payments and its book value at maturity. The book value or face value of a bond remains fixed. The interest payments on a bond can change as the market interest rates change. Most bonds are issued with a fixed interest rate. However, investors expect an adjusted bond yield when the market interest rate changes. It can be achieved by either adjusting the bond’s market price (premium or discount) or a

Hello, friends. Just a quick note to let you all know that my life, at last, seems to be settling. A full two months after the death of my mother, the fog has lifted and I find that I'm motivated to pursue productive pursuits once more. I spent much of the past several weeks doing some serious soul-searching. It's clear to me (and to Kim) that above all else, I need to make 2023 the year of me . 2023 — The Year of Me More than a decade ago, I got into the habit of theming my years and months. It was fun! It was also fruitful. Whenever I decided to devote a span of time to one thing, I had great results, whether it was with fitness or writing or dating. This habit of theming lasted for a couple of years, then fell by the wayside. Well, I've spent too long putting myself second. Or third. Or ninth. Starting yesterday, my aim is to put myself first for the next year (or more). This is tough for me. It seems selfish. It seems wrong. But the truth is I've been allowing

Stocks are an important part of any investment portfolio . Compared to other investments, they offer a relatively high average rate of return. In fact, from 1928 – 2021, the S&P 500 averaged returns at a rate nearly double that of bonds and nearly triple that of real estate ( 11.94 percent, 6.21 percent, and 4.4 percent, respectively ). While buying stocks may seem confusing if you’ve never done it before, it doesn’t have to be. Here’s how to buy stocks in five simple steps. Table of Contents Open an Account To Buy Stocks Decide How Much To Invest Research Stocks To Buy Place Your Order Track and Manage Your Portfolio 1. Open an Account To Buy Stocks When buying stocks, you will almost always need a brokerage accoun t. A brokerage account is similar to a bank account — it’s a place where you allow a financial institution to manage your money on your behalf. The big difference is that brokerage accounts don’t just hold your money, they invest it on your behalf to help you

So, you’re at college and want (or need) a job. Maybe the money you saved last summer’s dwindling, there’s a trip you want to go on or books you need to buy. Whatever the case, you’re faced with a dilemma! With classes to attend, assignments to complete, extracurricular activities to enjoy, and a social calendar that’s bursting at the seams, the traditional 9-to-5 isn’t going to cut it. Thankfully, the job market’s full of flexible roles that offer untypical hours, require minimal qualifications and pay reasonable wages to boot. Want to find out about the best ones available? Let us help. Keep reading to discover 10 of the best jobs for college students. Table of Contents 1. Virtual Assistant 2. Bartender 3. Nanny 4. Dog Walker 5. Barista 6. Waiting Tables 7. Care Work 8. Sales Associate 9. Tutor 10. Receptionist Conclusion 1. Virtual Assistant A virtual assistant (VA) is like a personal assistant but for the digital age. It’s also one of the most popular remote w

ETFs have become one of the all-time most popular investment vehicles. Consider the explosive growth of this category of investment funds. With just over $100 billion sitting in ETFs in 2002, they held more than $7 trillion as of 2021 . But what is an ETF, why are they so popular, and how are they different from mutual funds? We take a close look at everything ETF-related. Table of Contents What Is an ETF? ETF Pros and Cons ETFs vs. Mutual Funds: What’s the Difference? Key Features of ETFs Key Features of Mutual Funds   Different Types of ETFs ETF Examples What Is an ETF? Final Thoughts What Is an ETF? Exchange-traded funds (ETFs) are investment funds comprising large numbers of underlying securities. Each represents a portfolio that can invest in stocks, bonds, real estate, commodities, currencies, and other asset classes. Most ETFs are considered index funds because they track an underlying investment index. For example, an ETF may track the S&P 500 – the ind