Money101
Payment Rails: ACH, Wires, RTP & SWIFT
How payment systems work: ACH, wire transfer, real-time payments, SWIFT. Speed, cost, and security of different payment rails.
What Are Treasury Bills and How Do They Work?
Treasury bills are short-term U.S. government debt sold at a discount, maturing in 4 to 52 weeks with no state income tax on the interest.
Money Market Accounts: Features and Strategy
Money market accounts explained: structure, interest rates, features, access restrictions, and comparison to savings accounts and money market funds.
Foreign Exchange Conversion Mechanics: Spreads and Markups
FX conversion fees are hidden in exchange rate markups (1-3% spreads). Understand bid-ask spreads and how banks profit on currency conversion.
CD Mechanics and Laddering Strategy
CDs (Certificates of Deposit) explained: how they work, rates, laddering strategy, early withdrawal penalties, and use in savings plans.
Wire Transfer Fees Explained: Domestic vs International
Wire transfer fees are $15-50 domestic and $20-100 international. Understand why wires cost money and what correspondent banking fees are baked into the price.
How IRA Accounts Work: Contribution Limits and Tax Treatment
Understand how IRAs work: contribution limits, tax treatment, withdrawal rules, and when to choose Traditional vs Roth based on your tax situation.