A concentration account aggregates funds from various accounts into one to enhance cash management efficiency. Learn its purpose, benefits, and precautions against misuse.

Discover how escrow accounts reduce risk and ensure smoother closings in business deals across industries – including manufacturing, logistics, and distribution. When it comes to selling or acquiring ...

According to Visa’s official documentation, Account Funding Transactions (AFTs) is a transaction type used to withdraw funds from a Visa or Mastercard account for the purpose of funding another ...

In finance and investments, account activity refers to the transactions made in a particular brokerage or bank account. These include cash withdrawals, bill payments, wire transfers, and other such ...

Companies record every transaction in their accounting books based on the double-entry system. Because every transaction involves certain kinds of monetary exchanges between at least two business ...

QuickBooks accounting software takes much of the mystery out of managing your company's financial data. Many tasks that traditionally required the use of a full-time accountant take less time since ...

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

The Federal Reserve eliminated the six-withdrawal limit on savings accounts in April 2020, giving consumers unlimited access to their money — at least on paper. Here’s the catch: Many banks still ...

E-commerce platform Radial Inc. is giving its merchants a new payment option that bypasses traditional credit and debit card payments and instead relies on account-to-account transfers. Dubbed Pay by ...

The Annual Percentage Yield (APY) as advertised is accurate as of 12/30/2025. Interest rate and APY are subject to change at ...