Personal Finance

APR and APY may differ by just one letter, but that small change can have a big impact on your financial future. Whether you’re borrowing money or saving it, understanding the difference between Annual Percentage Rate (APR) and Annual Percentage Yield (APY) is key to making smart money decisions. In...

In an increasingly cashless world, digital wallets offer a fast, secure way to make payments using your smartphone or smartwatch. But if you’re unfamiliar with terms like “NFC” or “QR code,” getting started can feel confusing, especially if you’re managing money across borders. In this guide, we break down what...

When you're asked for a “voided check” while setting up direct deposit or automatic payments in the US, it might seem confusing, especially if you're new to the banking system. Why submit a check that can’t be used? At Remitly, we’re here to make this process clear and secure. This...

Money market accounts (MMAs) are often seen as a safe place to grow your savings. But how safe are they really? In this guide, we break down everything you need to know about MMA safety, FDIC and NCUA insurance coverage, and how these accounts compare to other financial products like...

Money orders are a safe and accessible way to send guaranteed funds, and they're especially helpful if you don’t have a bank account or want to avoid using personal checks. Whether you’re paying rent, covering a bill, or sending money to loved ones, filling out a money order correctly is...

Managing your finances is easier when you understand how money moves behind the scenes, especially with Electronic Funds Transfer (EFT). From paying bills and receiving your salary to sending money across borders, EFT is a secure, paperless way to transfer funds between bank accounts. In this beginner-friendly guide, we explain...

If you’ve found an old check and are wondering whether it’s still good, you’re not alone. Checks don’t last forever, and cashing one past its expiration date could lead to fees, rejection, or confusion. In this guide, we break down how long different types of checks remain valid, what to...

If you’re new to the US, setting up a bank account is one of the first steps toward managing your finances with confidence. But with so many options, where do you start, especially when it comes to daily spending? In this guide, we explain the key differences between checking and...

Filing taxes as a partnership can feel overwhelming, especially when you're dealing with unfamiliar forms like IRS Form 1065. This essential document is how partnerships report their income, expenses, and profits to the IRS, and it’s also the starting point for issuing Schedule K-1s to each partner. In this guide,...

Buying property abroad is a major milestone, and Costa Rica is a top destination for expats looking to invest or settle down in paradise. From its welcoming property laws to its relaxed lifestyle and vibrant expat communities, Costa Rica makes it surprisingly accessible to own a piece of its tropical...

Thinking about building credit for the first time—or rebuilding after financial setbacks? Secured credit cards offer a practical, low-risk way to establish a positive credit history and gain access to better financial opportunities over time. Whether you’re new to the US credit system or working toward a stronger credit score,...

A complete guide to the different types of checking accounts. Learn more about free, interest-bearing, student, and second-chance options.