What is a virtual debit card? Here’s what you need to know

by Cheqly team | | Virtual Debit Cards

Many consumers only use online banking to check their account balance or make transfers between accounts. It can also be a means for foreign business owners to take advantage of everything the American economy has to offer. Companies with foreign founders can make purchases and have access to all of their funds anywhere in the … Continued

Wire Transfers: Everything You Need to Know Before Sending Money

by Cheqly team | | Wire Transfer

Wire transfers mean sending money across a network electronically that is controlled by banks and transfer service providers all over the world. The term “wire transfer” has been around for a while. Interestingly, the first money transfers in history were made between Boston, New York, and Chicago in 1871. This was possible because of the … Continued

ACH Transfers: What Are They and How Do They Work?

by Cheqly team | | ACH Transfers , Automated Clearing House

Have you heard about ACH? Of course, you must have, but you might not be aware of how it works. ACH is a way to transfer money between financial institutions and banks.  As per the Federal Reserve Payment Study conducted in 2013, the number of transactions using debit cards and credit cards has increased, and … Continued

ACH vs Wire Transfers: Understanding the Key Differences

by Cheqly team | | ACH Transfer , Wire Transfer

Nowadays, customers have wide options for choosing which source to use to pay the bills. The new age of technology has made sending money from one account to another electronically convenient and affordable. The two ways to transfer your cash are through Automated Clearing Houses (ACH) and Wire Transfers. If you compare, the ACH is … Continued

The Benefits of Online Banking: How It Can Save You Time and Money?

by Cheqly team | | Internet Banking , Online Banking

Our mobile phones, numerous household appliances, and the internet are at the top of our list of most-loved time-saving technology today. Internet banking is one of the most revolutionary innovations of the past several decades, but it has become so commonplace that it is often overlooked. According to the Ipsos-Forbes Adviser U.S. Weekly Consumer Confidence … Continued

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