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banking & atms library

You put your bank card in, you take your bank card out. Wait for the beep and wave your dollars all about. Seems so easy a kid could do it, but the technology inside is pretty cool. Learn about these automated tellers or how banks work in this Banking & ATM channel

How ATMs Work

Featured Article: How ATMs Work

You can stop at an ATM, push a few buttons, and leave with cash. Learn about the machines that give you money and the network that approves the transactions. See more »

Do I really need a bank account?

Do I really need a bank account?

If you've been slapped with an overdraft fee greater than your check or debit charge, you may wonder whether you need all your money in the bank. There are options to banking.

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How ATMs Work

How ATMs Work

You can stop at an ATM, push a few buttons, and leave with cash. Learn about the machines that give you money and the network that approves the transactions.

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How Banks Work

How Banks Work

Any time of day, no matter where you are, your money is at your fingertips (and probably earning interest!). Checks, ATMs, electronic transfers -- the modern banking industry makes paying for stuff almost too easy.

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How Credit Unions Work

How Credit Unions Work

Credit unions are not-for-profit institutions that offer many banking services to their members. You may be surprised by who's eligible for membership.

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How Debit Cards Work

How Debit Cards Work

If you make your purchases with a debit card instead of a credit card, you don't add to your debt. But you also don't have as much protection if someone steals your card.

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How Fraud Prevention Works

How Fraud Prevention Works

Ever absentmindedly tossed out a credit card bill or checked your bank balance from a computer at the library? Mistakes like these could pave the way for fraud.

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How International Banking Works

How International Banking Works

You've probably heard of offshore bank accounts and Swiss bank accounts. You may have heard there's great wealth to be found in these foreign bank investments. But what's really so special about these international banking opportunities?

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How Lines of Credit Work

How Lines of Credit Work

A line of credit can help cover large, unexpected expenses like surgery fees that your medical insurance doesn't cover. With this type of loan, you don't start repayments until you borrow the funds.

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How Mobile Banking Works

How Mobile Banking Works

TV ads show people happily banking away when they're nowhere near a bank, using just their cell phones. What technology lies at the heart of this modern convenience?

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How Online Savings Accounts Work

How Online Savings Accounts Work

How much money are you making on your savings? If you've got a traditional savings account, you could be making a lot more online. What's the catch?

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How Payday Loans Work

How Payday Loans Work

During a routine car check-up, a service attendant announces to you that it will take $500 to repair your car. Normally, this cost wouldn't be a big deal, but this month you had to pay your income taxes, and you took a hit. How are you going to pay for the repairs?

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How S&Ls Work

How S&Ls; Work

Imagine having a money club with your neighbors to earn money from its profits, and to finance your own mortgages. That's why S&Ls; were created, although many folded during the 1980s and 90s.

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How Swiss Bank Accounts Work

How Swiss Bank Accounts Work

Swiss bank accounts: They're not exactly the same in real life as they are in James Bond movies and Robert Ludlum books. We'll explore why people have them and what the laws are surrounding them in this informative article.

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How the Federal Deposit Insurance Corporation Works

How the Federal Deposit Insurance Corporation Works

The year is 1933, and financial ruin is everywhere. Enter the FDIC, created by Franklin D. Roosevelt to ensure that bank customers don't lose their money in the event that a bank curls up and dies. But is every account holder insured?

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What happens to my money if my bank closes down?

What happens to my money if my bank closes down?

You've prudently pinched pennies and cut corners to build your nest egg. But with the recent failure of IndyMac bank, should you worry about losing your money if your bank goes bust?

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