In 2010, under the Dodd-Frank Act—passed by Congress in response to the 2008 financial crisis—the Federal Deposit Insurance Corporation (FDIC) increased its deposit insurance limit to $250,000.

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State employee requests direct deposit ... in or change your direct deposit Include a Voided Check or Written Verification A voided check or written verification from the financial institution showing ...

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Sara Coleman is a personal finance writer based in Augusta, Georgia. She’s written countless articles and essays on personal finance topics impacting our everyday financial lives. Before ...

Lauren is a freelance contributor to Newsweek’s personal finance team. She is passionate about educating people on how to transform their finances from a source of stress to a tool in creating a ...

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You will also have to meet other requirements, such as receiving direct deposits or using a linked debit card a certain number of times each month.

In addition, the savings portion earns 3.80% APY as long as customers enroll in SoFi Plus with direct deposit, or pay a $10 SoFi Plus subscription fee every 30 days or deposit at least $5,000 ...

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