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 ...

It is commendable that the government is increasingly monitoring smaller transactions, even though inflation has caused ...

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 ...

Cash is still king in plenty of everyday transactions, but once you walk into a branch with a thick envelope, the rules change in ways most customers never see. The real friction point is not a single ...

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 ...

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 ...

Lorraine Roberte is an insurance writer for Investopedia. As a personal finance writer, her expertise includes money management and insurance-related topics. She has written hundreds of reviews of ...