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4 mistakes to avoid when applying for debit cards online

A debit card makes it easy to access money from the bank or an ATM. One could easily spend what’s in their account without carrying cash or writing a check. However, each bank sets its terms and conditions associated with a debit card. Those who sign up for one online without a second thought might often incur unwanted charges. With this in mind, here are four mistakes to avoid when applying for a debit card.

Going for the first available option
Several banks offer a series of debit card options to customers. However, in a hurry to get things done, people apply for the first card they see online. Doing so may result in paying higher fees than one should or signing up for features that one does not need. Individuals must always take their time when applying for debit cards to ensure they sign up with a suitable provider.

Not reading the fine print
One of the common mistakes people make when applying for a debit card online is ignoring the fine print. While a bank may offer a debit card free of charge, it might be conditional on eligibility criteria. For example, one might incur charges if they do not spend a certain amount within the first year, such as $500. Reading the conditions also helps one better understand any important aspects of the debit card.

Overlooking the ATM withdrawal fees
Most individuals who prefer using cash overlook the ATM withdrawal charges levied by their bank. For instance, some financial institutions only offer up to five free transactions per month. Anything above that may incur a certain fee per transaction. In addition to this, banks may levy charges on transactions conducted at out-of-network ATMs. So, one should always check the ATM withdrawal fees when applying for a debit card online.

Applying for a debit card without rewards
Many people apply for debit cards without checking for benefits, which means they miss out on a lot of savings in the long run. During the application process, one should check with the bank for benefits, such as cashback and rewards. The perk ensures that when one uses the debit card to shop for groceries or other items, they may get certain amounts or reward points as cash back at select retail outlets.

Top automated investing services that make investment easy for all

Automated investing services or Robo advisors are becoming popular by the day, and financial experts around the world only expect to see a surge in their usage. This is because these intelligent services offer one crucial advantage that many investors benefit from: low-cost financial advice. With many top financial services companies jumping in the race to provide customers with the best automated investing services, there are plenty of great options available for every kind of investor.What is a Robo advisor and how much does it cost?A Robo advisor is a digital platform that provides algorithmic-driven money management services that require virtually no human supervision. It does this by collecting client data like financial situation, future goals, and other details through an online survey. This data is then used to automatically manage clients' assets and provide them with the most suitable financial advice. Robo advisors are immensely cheaper than human financial advisors. Most services only charge an annual management fee that is anywhere between 0.25% and 0.5% of the account balance. Depending on your need, you can even find good Robo advisors that offer services free of charge and low minimum balance value. Top Robo advisors in the marketThere are several low-cost Robo advisors that you can choose based on your needs and preferences. Here are some of the best automated investing services or Robo advisors available in the market today.BettermentBetterment is one of the oldest and the most popular players in the industry. It allows clients to invest in a range of funds chosen for you to improve returns. It offers automatic rebalancing, tax-loss harvesting, a personalized retirement plan, and can even sync your outside holdings like bank accounts and any other investments. At extra cost, you can up your investing game by talking to a certified financial advisor on the phone.Management fee: 0.25%Account minimum: $0https://www.betterment.com/investing/SoFI InvestA go-to choice for student loan refinancing, SoFi has now expanded its services into automated investing with its user-friendly investment management system. The company provides goal-based planning, automatic rebalancing, and diversifies your money to help reach your financial goals. Plus, youâll receive member benefits like career services, discounts on SoFi products, and the opportunity to speak to a human advisorâeverything at zero cost. Management fee: noneAccount minimum: $1https://www.sofi.com/invest/automated/WealthfrontWealthfront is one of the largest automated investing companies that offer both short and long-term financial goal planning. Its software builds a diversified portfolio of low-cost index funds to improve your returns and offers time-tested investment strategies that automatically look for profitable opportunities. Management fee: 0.25 percentAccount minimum: $500https://www.wealthfront.com/Charles Schwab Intelligent PortfoliosCharles Schwab is one of the most trusted financial services companies that launched its own Robo advisor that helps build, monitors, rebalances a diversified portfolio based on your goals, and provides 24/7 customer support from US-based service professionals. With Schwab, you are not charged any advisory fee or commission and can invest in a portfolio of low-cost exchange-traded funds (ETFs).Management fee: noneAccount minimum: $5,000https://intelligent.schwab.com/

3 easy ways to order checks for the first time

Although the world is shifting to digital transactions, people continue to use checks as a mode of payment. Moreover, many people prefer to secure or guarantee future payments with post-dated checks. However, since checks are not readily available, one needs to know how to order them. This knowledge is especially important for those ordering for the first time. So here are a few ways in which one can order checks to meet their financial needs. Banks If one has a bank account, one can easily order checks. Moreover, if one has previously ordered checks from their bank, they can reorder by visiting the bankâs website. However, those who are ordering checks from their bank for the first time would need to connect with a customer service representative or visit the bank in person for details. To ensure security, one will have to verify their identity by presenting a valid government-issued photo ID. Similarly, one can also order checks from a credit union. Some banks and credit unions like Wells Fargo, Chase, Bank of America, Navy Federal Credit Union, and Ally Bank offer the first few checks for free. Online printers If one wishes to order checks with customized designs, one can easily do so through online check printers. To begin the process, one would need to choose one of the many available options for an online check printer. When one visits the online printerâs website, one will find relevant information on how to order the checks. One can choose from different font styles and designs to create a unique look for the checks. Once the design choices have been made, one will have to provide personal information like name and address. Finally, one will also have to specify the number of checks required for use. Retail stores Popular retail stores also offer check printing services. One can visit the websites to order checks through one of the retail stores. Since the stores also offer customized checks, one can select designs and fonts of their choice. On the website, they will find the steps to place an order for the checks, just like other online printers. Other information regarding the order, like the price, variety, and security features, will be specified on the website.