If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that
To facilitate this education among children, lenders have come out with special kids savings accounts which can be opened for minors. What is a kids saving account? A kids saving account is a zero bank account which can be opened for children to operate by themselves. The funds in this account will come from a parent or guardian and the account will have all the features of a regular savings account like an ATM cum debit card, cheque book facility etc. A kids savings bank account comes with certain features that can help initiate the child into operating a bank account. It is possible to open fixed deposit accounts, withdraw cash, deposit cash, use a debit card at a merchant. This provides basic understanding of how a bank account works. Since this account is linked to either the parent or the guardian’s account, the funds in this account are restricted, thus providing important financial saving lessons to the child namely that spending must be within limits. These accounts are zero balance accounts. This means that there is no minimum balance requirement set for these accounts by banks. If the balance in this account is zero, there is no problem and there are no penalties. The balance can be added by a transfer made from the linked bank account. Apart from giving the child features similar to a regular savings bank account, these accounts also provide other benefits like:
- Education insurance cover up to a particular limit
- Sweep in facility to automatically convert funds into a fixed deposit to maximize earnings
- Daily limits on fund transfers
- Cheque book facility
- Mobile banking
- Internet banking
- Tele banking
- Online fund transfers
- Bill payment