Consumers overspend by around $7,000 a year on average.1 In doing so, they may enter a cycle of debt that’s difficult to break out of, incur overdraft fees, or have to put off financial goals because their budget is in the red.
96% of U.S. workers get their paychecks via direct deposit.1 This fully automated transaction method means you don’t have to wait for a paper check to arrive before accessing your hard-earned money – but the benefits don’t end there.
The weather is starting to cool down, football games are on the horizon, and you’re making your way through the first semester of college. Whether you’re living on campus or commuting from home, it’s not uncommon to find yourself spending more during the school year.
Deposit insurance exists to protect your funds in the event a financial institution fails.