How I Successfully Appealed My Home Appraisal When It Was Wrong
How I Successfully Appealed My Home Appraisal When It Was Wrong
Updated: November 25, 2022 By Robert Farrington
Appeal Home Appraisal
If you've been through the home purchasing and lending process before, you know it is extremely tedious. You have to fill out long applications, get a bunch of paper work in order, and so on. In general, it is a lot of "hurry up, then wait". But the biggest factor most people are waiting on is the home appraisal. Well, last week, after a period of waiting, we got the appraisal back on the house we were looking to buy, and it ended up coming in a full $70,000 below our offer price, and well below fair market value to similar properties inside the same development. SO IRRITATING!
How I Successfully Appealed My Home Appraisal When It Was Wrong
Updated: November 25, 2022 By Robert Farrington
Appeal Home Appraisal
If you've been through the home purchasing and lending process before, you know it is extremely tedious. You have to fill out long applications, get a bunch of paper work in order, and so on. In general, it is a lot of "hurry up, then wait". But the biggest factor most people are waiting on is the home appraisal. Well, last week, after a period of waiting, we got the appraisal back on the house we were looking to buy, and it ended up coming in a full $70,000 below our offer price, and well below fair market value to similar properties inside the same development. SO IRRITATING!
How could the appraiser think the value was so low? As a buyer, you'd think that would be a good thing (a lower price, right?), but in reality, this seriously jeopardized our deal. If we couldn't get a loan, the seller would have moved on, and sold the house at or near or offer price. We weren't overpaying for the house... something was just wrong.
The Appraiser Botched The Report
After reviewing the home appraisal, it became very clear what happened: the appraiser who did my appraisal botched the report. I can never say for sure if it was "pencil whipped" or he just made a lot of mistakes, but the bottom line is that there were 8 different technical and factual errors that contributed to this extremely low property valuation.
To make me even more frustrated, the appraiser only got his appraiser license 2 weeks prior to doing my house (in our state, appraisers have to be licensed and you can see a proof of their license in the report)!
Here are several factual things he missed that I found when looking over the report in detail:
He said he reviewed the sales contract (according to a box he checked on the report), but didn't include any of the seller concessions or the appliances included in the sale.
He had several discrepancies in the description of the home, including the foundation and exterior and interior descriptions
The first comparable sale he used was a foreclosure from last year, which is currently a pending sale as of the appraisal date. Instead of listing it as an active listing for the current price of $550,000, he listed it as a closed sale for the foreclosure price of $338,000. That is a huge difference and is probably what directly impacted the value of my home. You can obviously see it was a flip, and the appraiser totally failed to note that.
To continue reading, please go to the original article here:
https://thecollegeinvestor.com/18816/appealed-home-appraisal/
5 Tips To Help You Build Your Wealth From Nothing
5 Tips To Help You Build Your Wealth From Nothing
Personal Finance - Janice Friedman - May 17, 2018
A personal financial statement shows an individual’s net worth and their general financial position. It also shows the breakdown of the individuals’ total assets and the total liabilities. Personal financial ratios help to make sense of the individuals’ personal financial position. Think of these accumulated wealth tips for growing your personal financial statements and improving your personal finance ratios.
I love tracking my net worth and income using WeVest. This is a great way to follow your personal financial statements and personal financial ratios to ensure you are on track for financial freedom.
5 Tips To Help You Build Your Wealth From Nothing
Personal Finance - Janice Friedman - May 17, 2018
A personal financial statement shows an individual’s net worth and their general financial position. It also shows the breakdown of the individuals’ total assets and the total liabilities. Personal financial ratios help to make sense of the individuals’ personal financial position. Think of these accumulated wealth tips for growing your personal financial statements and improving your personal finance ratios.
I love tracking my net worth and income using WeVest. This is a great way to follow your personal financial statements and personal financial ratios to ensure you are on track for financial freedom.
As you improve your personal financial ratios you get closer to achieving financial freedom.
So, you are probably wondering… Why you need wealth tips and personal financial ratios
Personal financial ratios are comparisons between the two figures in the personal financial statements. The ratios give a percentage of an individual’s financial ability to achieve a specific financial goal.
They also can help a person to map out the best path towards their specific financial goals and to track the progress that you are making with each step you make towards them. These financial ratios are the key money benchmarks. Personal financial statements are crucial examples of how your assets and liabilities are allocated.
Here are several other wealth creation tips to understand when planning your future..
There are dozens of personal financial ratios that can help you to establish your true financial health. You can read about our 19 favorite personal financial ratios here. aaWhen you think about financial freedom and personal financial ratios, you must think of them together as one. You cannot achieve financial freedom without some level of personal financial ratio analysis.
The challenge, however, is not having the knowledge of the financial ratios but translating it into meaningful results of accumulated wealth. Accumulating wealth requires you to:
To continue reading, please go to the original article here:
8 Ways to Improve Your Money Mindset
The Psychology of Money: 8 Ways to Improve Your Money Mindset
August 31, 2022 by Sam Stone
As the old saying goes, personal finance is ‘mostly personal and a little bit financial.’
Long-term growth and success rely more on our habits and behaviors than on complex knowledge and advanced strategies. Learning a few key points on the psychology of money can go a long way to building the right mindset for prosperity. Let’s look at a few far-reaching psychological concepts that play an outsized role in our financial lives, including some of the biases and fallacies that can point us in the wrong direction.
The Psychology of Money: 8 Ways to Improve Your Money Mindset
August 31, 2022 by Sam Stone
As the old saying goes, personal finance is ‘mostly personal and a little bit financial.’
Long-term growth and success rely more on our habits and behaviors than on complex knowledge and advanced strategies. Learning a few key points on the psychology of money can go a long way to building the right mindset for prosperity. Let’s look at a few far-reaching psychological concepts that play an outsized role in our financial lives, including some of the biases and fallacies that can point us in the wrong direction.
8 Crucial Money Psychology Concepts
Human cognition can be messy. Each of us carries a collection of cognitive biases, irrational beliefs, and behavioral quirks. When we make decisions about our money, this can, unfortunately, lead us down the wrong path.
Understanding each of the money psychology concepts below will help you approach your finances more rationally and avoid some of those poor decisions that stem from cognitive bias.
Optimism Bias
Optimism bias is the natural tendency to overestimate the likeliness of positive outcomes and underestimate negative ones.
In terms of money, optimism bias can lead to reckless decisions and insufficient planning. That can include:
Investing heavily in risky products
Carrying insufficient insurance
Taking on excessive consumer debt
Ignoring your emergency fund
No one looks forward to dealing with failed investments or significant unplanned expenses (like vehicle repairs or medical bills), but the risk is there. When misfortune does come, this optimistic bias leaves us in a precarious position.
The ideal approach to finances is to hope for the best but prepare for the worst. It’s great to be optimistic, but not when it gets in the way of sound decision-making.
Pessimism Bias
The polar opposite of optimism bias – pessimism bias – can also play an insidious role in our finances. Pessimism bias, (also known as negativity bias), draws our attention away from positive circumstances and causes us to weigh negative stimuli more heavily.
To continue reading, please go to the original article here:
Actual Money Fights We’ve Had (and How We Solved Them)
Actual Money Fights We’ve Had (and How We Solved Them)
December 05, 2022 MST Category: Budgeting, Investing, Personal Finance, Spending
By Dr. Margaret Curtis, WCI Columnist (White Coat Investor)
My husband and I recently celebrated our 20th wedding anniversary (although, now that I think about it, we didn’t observe the occasion with anything more than a “nice job, babe.” We need to learn to live a little). Twenty years, two medical careers, three kids, six dogs, and many, many conversations about money later, we don’t just have shared financial goals: we have learned how to think about money in the same way.
Actual Money Fights We’ve Had (and How We Solved Them)
December 05, 2022 MST Category: Budgeting, Investing, Personal Finance, Spending
By Dr. Margaret Curtis, WCI Columnist (White Coat Investor)
My husband and I recently celebrated our 20th wedding anniversary (although, now that I think about it, we didn’t observe the occasion with anything more than a “nice job, babe.” We need to learn to live a little). Twenty years, two medical careers, three kids, six dogs, and many, many conversations about money later, we don’t just have shared financial goals: we have learned how to think about money in the same way.
I agree with the standard advice that you should talk about finances early in a relationship, but I don’t necessarily agree that this will set you up for success later on. Since you don’t know what curves life will throw at you, you might not even know what questions to ask. It would not have occurred to me to ask my husband how much money he would throw at a backyard hockey rink, when his answer would have been, “How much is a Zamboni?” And no, we don’t have a Zamboni. We have a hot-water hose and one of these.
You can certainly see red flags early in a relationship—for instance, someone who is comfortable with credit card debt—but the biggest intangibles are harder to identify. My husband and I checked pretty much every box on financial compatibility when we met: neither of us carried credit card debt, we maxed out our retirement accounts every year, and we felt comfortable talking about money (refusing to talk about money would have been a huge red flag for me). We had similar cheapskate/New England hippie lifestyles. But we still had plenty to learn about money, as I will explain.
Here are some of the misconceptions we had about money and how we have evolved in our thinking. You don’t have to agree with any of our ways of thinking about money—or your spouse’s. There is room in a healthy relationship for different approaches. You might find that looking at your attitudes toward money sheds some light on other conflicts you and your partner have. Or you can use these topics as a conversation opener on a date and watch ‘em swoon.
Since marriage is a collaboration and not a competition and since I am hoping to make it another 20 years, I am not going to identify which of us brought these incorrect concepts into the marriage. We all have room to learn.
Save on the Small Stuff So You Can Spend on the Big Stuff
This is also called “penny wise, pound foolish.” Some people swear by scrimping on little, day-to-day stuff and, at the same time, spending on big extravagances. We no longer take this approach because:
It doesn’t work.
To continue reading, please go to the original article here:
Don’t Try to Get Rich Twice
Don’t Try to Get Rich Twice
December 6, 2022 by Ben Carlson
Before becoming one of the most important movie studio executives of the 1970s, Robert Evans took a break from the glitz and glam of Hollywood to work for his brother’s apparel line, Evan-Picone.
The company was so fashionable in the 1960s that every investment bank was pushing them to go public. Before going that route, Robert’s brother Charles put a call into Charlie Revson, the founder and owner of Revlon. After six months of back-and-forth negotiations, Revlon agreed to buy Evan-Picone. The deal was for $12 million (which would be more like $100 million today).
Don’t Try to Get Rich Twice
December 6, 2022 by Ben Carlson
Before becoming one of the most important movie studio executives of the 1970s, Robert Evans took a break from the glitz and glam of Hollywood to work for his brother’s apparel line, Evan-Picone.
The company was so fashionable in the 1960s that every investment bank was pushing them to go public. Before going that route, Robert’s brother Charles put a call into Charlie Revson, the founder and owner of Revlon. After six months of back-and-forth negotiations, Revlon agreed to buy Evan-Picone. The deal was for $12 million (which would be more like $100 million today).
The brothers Evans each owned a piece of the company, although Charles received a bigger payout since he helped found the brand. They both earned a life-changing amount of money from the sale but the risk profile of the brothers was polar opposite. Charlie wanted to conserve his wealth while Robert wanted more. Evans explains what happened next in his wonderful biography, The Kid Stays in the Picture:
As brothers, Charles and I were so alike yet so different. Charles ultraconservative, me a gambler. Today, Charles is a millionaire a hundred times over. Me, I’m still in hock.
Our first investment, after selling Evan-Picone, was in a speculative mutual fund. Charles, the far richer, put in $25,000; me, a quarter of a million. Two months later, the fund went bust, I mean bust—zero back on the dollar. How depressing it would have been to know then that it was a portent of our financial futures. Even in the gold-rush eighties, I came up a loser.
Evans spent much of his life going from boom to bust and back again — making a lot of money, losing it all and repeating the cycle. He later admitted, “Going for broke rather than going backward had always been my style.” This style helped him in the movie business but hurt his finances.
There’s nothing wrong with taking some risks, in your career or with your money. There is no reward if you take no chances. But there are certain risks that are avoidable and unnecessary depending on your circumstances.
To continue reading, please go to the original article here:
https://awealthofcommonsense.com/2022/12/dont-try-to-get-rich-twice-2/
5 Tips To Help You Build Your Wealth From Nothing
5 Tips To Help You Build Your Wealth From Nothing
Personal Finance - Janice Friedman
A personal financial statement shows an individual’s net worth and their general financial position. It also shows the breakdown of the individuals’ total assets and the total liabilities. Personal financial ratios help to make sense of the individuals’ personal financial position. Think of these accumulated wealth tips for growing your personal financial statements and improving your personal finance ratios.
I love tracking my net worth and income using WeVest. This is a great way to follow your personal financial statements and personal financial ratios to ensure you are on track for financial freedom.
5 Tips To Help You Build Your Wealth From Nothing
Personal Finance - Janice Friedman
A personal financial statement shows an individual’s net worth and their general financial position. It also shows the breakdown of the individuals’ total assets and the total liabilities. Personal financial ratios help to make sense of the individuals’ personal financial position. Think of these accumulated wealth tips for growing your personal financial statements and improving your personal finance ratios.
I love tracking my net worth and income using WeVest. This is a great way to follow your personal financial statements and personal financial ratios to ensure you are on track for financial freedom.
As you improve your personal financial ratios you get closer to achieving financial freedom.
So, you are probably wondering… Why you need wealth tips and personal financial ratios
Personal financial ratios are comparisons between the two figures in the personal financial statements. The ratios give a percentage of an individual’s financial ability to achieve a specific financial goal.
They also can help a person to map out the best path towards their specific financial goals and to track the progress that you are making with each step you make towards them. These financial ratios are the key money benchmarks. Personal financial statements are crucial examples of how your assets and liabilities are allocated.
Here are several other wealth creation tips to understand when planning your future..
There are dozens of personal financial ratios that can help you to establish your true financial health. You can read about our 19 favorite personal financial ratios here. aaWhen you think about financial freedom and personal financial ratios, you must think of them together as one. You cannot achieve financial freedom without some level of personal financial ratio analysis.
The challenge, however, is not having the knowledge of the financial ratios but translating it into meaningful results of accumulated wealth. Accumulating wealth requires you to:
To continue reading, please go to the original article here:
Top 10 Quotes About Financial Freedom
Top 10 Quotes About Financial Freedom
Personal Finance - Janice Friedman - May 3, 2018
These Quotes Will Surely Inspire You Popular quotes about financial freedom are epic financial ideas put in a nutshell or in a few words. These quotes about financial freedom help to motivate, inspire and encourage one on their financial pursuits. In life, one main goal we all have is that we want to be financially independent. We want to be able to afford different things and experiences in our lifetime without struggling.
To achieve financial success, there are steps that one should be willing to pursue. The 3 key steps to financial freedom include:
Top 10 Quotes About Financial Freedom
Personal Finance - Janice Friedman - May 3, 2018
These Quotes Will Surely Inspire You Popular quotes about financial freedom are epic financial ideas put in a nutshell or in a few words. These quotes about financial freedom help to motivate, inspire and encourage one on their financial pursuits. In life, one main goal we all have is that we want to be financially independent. We want to be able to afford different things and experiences in our lifetime without struggling.
To achieve financial success, there are steps that one should be willing to pursue. The 3 key steps to financial freedom include:
Creating a budget or a plan
Controlling your expenditure
Sticking to your plan
A mortgage or rent is nearly always your highest living expense. Imagine if you can live mortgage free? That can mean true financial freedom. Here are some of the favorite ways to live mortgage free. Use these motivational quotes to help you achieve financial independence.
What Does Financial Freedom Truly Mean?
Accumulating wealth is a key component for achieving financial freedom. We have accumulated wealth for a number of years but are nowhere close to where we need to be. Accumulated wealth means your tangible, liquid net worth.
Net worth is your assets minus your liabilities. Accumulated wealth definition indicates a moment in which you are completely free from you daily, weekly and monthly expenses. One has accumulated enough wealth to live completely free and never work again.
Accumulated wealth takes patience and commitment, but it is not hard to obtain financial freedom.
To continue reading, please go to the original article here:
87 Best Retirement Quotes: Including Funny, Short and Inspirational
87 Best Retirement Quotes: Including Funny, Short and Inspirational
Personal Finance - Janice Friedman - May 28, 2019
Do you ever think about your golden years after you leave your career? Here are some juicy retirement quotes that will help you think more about it in a different way.
Are you ready to retire? A mention of the word retirement automatically provokes many thoughts to people around. Some think of the graceful age where you enjoy all that you’ve been working for, whereas some only think of problems.
87 Best Retirement Quotes: Including Funny, Short and Inspirational
Personal Finance - Janice Friedman - May 28, 2019
Do you ever think about your golden years after you leave your career? Here are some juicy retirement quotes that will help you think more about it in a different way.
Are you ready to retire? A mention of the word retirement automatically provokes many thoughts to people around. Some think of the graceful age where you enjoy all that you’ve been working for, whereas some only think of problems.
Still, some may not even want to picture it out of fear of the old age and also the loss of that fulfilling career. Various retirement quotes can change your perspective about retirement and maybe paint a different lovely picture.
Whichever the case, retirement should be happy, fulfilling, as well as healthy life later after you have saved enough to sustain you for the rest of your life.
For me, when I think of retirement, I can’t manage to think of anything less than a happy, relaxing, wealthy life full of vacations. The hard work and painful savings of the youthful years ought to pay fully for that comfortable retirement.
List of the Best Retirement Quotes
I have compiled a good number of words of wisdom or better, what I like to call the best retirement quotes that will brighten your day. This list of retirement quotes has been compiled from various people whose words of wisdom couldn’t go unnoticed.
Inspirational Retirement Quotes
1. “Just because you are getting older and have retired doesn’t mean that you should have less confidence in your abilities. Think about the experience and knowledge that you have gained by all the years you have worked” -Theodore W. Higginsworth
2. “Retirement: It’s nice to get out of the rat race, but you have to learn to get along with less cheese.” – Gene Perret
3. “Planning to retire? Before you do, find your hidden passion. Do the thing that you have always wanted to do.” – Catherine Pulsifer
4. “Age is only a number, a cipher for the records. A man can’t retire his experience. He must use it. Experience achieves more with less energy and time.” – Bernard Baruch
5. “Every new beginning comes from some other beginning’s end.” – Lyrics from “Closing Time” by Semisonic
6. “What does retirement mean now that there are so many opportunities for learning, for caring, for serving? We can redefine aging.” – Rachel Cowan, Wise Aging
7. “Retirement is a new beginning, and that means closing the book on one chapter to begin the next.” Sid Miramontes, Retirement: Your New Beginning
8. “Retirement gives you the time literally to recreate yourself through a sport, game, or hobby that you always wanted to try or that you haven’t done in years.” – Price, Stephen D.
To continue reading, please go to the original article here:
Financial And Personal Benefits Of Watches: Stay Sharp With A Watch
Financial And Personal Benefits Of Watches: Stay Sharp With A Watch
Personal Finance - Janice Friedman - June 7, 2019
Benefits of Watches These Are The Many Benefits Of Watches, Including Financial And Personal Benefits.
Watches are an important accessory for your ongoing success. Here are some of the benefits of watches.
There are few things that are almost synonymous to financial success and prosperity. Some of them are luxury cars, luxury homes or villas in exotic locations, antique and artwork collections, not to forget the luxury watches.
Financial And Personal Benefits Of Watches: Stay Sharp With A Watch
Personal Finance - Janice Friedman - June 7, 2019
Benefits of Watches These Are The Many Benefits Of Watches, Including Financial And Personal Benefits.
Watches are an important accessory for your ongoing success. Here are some of the benefits of watches.
There are few things that are almost synonymous to financial success and prosperity. Some of them are luxury cars, luxury homes or villas in exotic locations, antique and artwork collections, not to forget the luxury watches.
Luxury watches have always been seen as the mark of success. In fact, many people still see it as a important accessory for financial and personal growth.
In this age of technological advancements and portable devices, you might be wondering why people still wear traditional watches. In this post, we shall check out why you should wear watches to stay sharp and smart to become successful, both financially as well as in your personal life.
Since many centuries, watches have been closely linked to words like professionalism and prestige. Most of the successful businesses will vouch for the fact that their watch is one of their most essential clothing accessory.
Let’s first check out why people who wear traditional wrist watches are bound to succeed financially.
For better productivity:
Time management is undoubtedly the most important priority for professionals and businesspeople alike. Of course, you can also see the time on your phone, but it can be a big distraction as well, especially while you are working.
Also, many IT companies do not allow their employees or professionals to take their smartphones to their desks, because of company policies on information security.
Watches not only allow you to look professional, but will also give out the same kind of impressions to others. They won’t look at you suspiciously, like you are spending time on social media at work, when you are looking at your watch.
You can be more focused at work, because watches allow you to work comfortably and hands-free, because you will not have to keep dipping your hand in your pocket all the time, to retrieve the phone. Wristwatches allow you to do away with all the distractions that the smartphones cause, thereby helping you work more productively.
If you wish to become successful in your workplace, then you must definitely try wearing a traditional wrist watch, if you don’t do that already. These classic timepieces do not disturb you with countless notifications like the smartphones.
In simple words, they help you in improving your productivity at your workplace.
Priority for quality:
People who wear luxury and traditional wristwatches give importance to the quality. They admire the expensive materials and fine craftsmanship that goes into making of these lovely watches. Similarly, they look for quality on other aspects of professional lives, which helps them shine above the rest of their colleagues.
The wanting for quality also rubs off on their work ethics, which is why they are able to deliver top quality works on their projects, or businesses.
To continue reading, please go to the original article here:
9 Instant Online Check Cashing Options To Use
9 Instant Online Check Cashing Options To Use
Personal Finance - Janice Friedman - June 26, 2018
In today’s digital world, you can easily get instant online check cashing options. The internet offers numerous cheque cashing online options to enable users cash checks from wherever and whenever they want.
Millionaire Mob has been using a number of different online jobs without investment to increase our income. Oftentimes, that leads to opportunities where we need to find an instant online check cashing option. I’ve been a big fan of passive income, which leads to me cashing checks in various formats.
9 Instant Online Check Cashing Options To Use
Personal Finance - Janice Friedman - June 26, 2018
In today’s digital world, you can easily get instant online check cashing options. The internet offers numerous cheque cashing online options to enable users cash checks from wherever and whenever they want.
Millionaire Mob has been using a number of different online jobs without investment to increase our income. Oftentimes, that leads to opportunities where we need to find an instant online check cashing option. I’ve been a big fan of passive income, which leads to me cashing checks in various formats.
I like having cash value as fast as possible. In fact, I even had to cash a check instantly when I launched my book, Dividend Investing Your Way to Financial Freedom.
With my various income sources, cashing a check is a necessity. I need to be able to invest that as soon as possible to start making more money from it.
People think that checks are completely obsolete. When you have a number of different income sources or participate in manufactured spending, you end up having some checks laying around.
When you receive any payment by check, you can quickly get immediate access to your funds with instant online check cashing services.
It is the fastest and the most convenient way to get money into your hands without going to a bank or a check cashing store.
If you need to cash personal checks in-person, there are plenty of options to use.
I track all my flow of cash flows via Personal Capital. It helps me track my net worth and ensure my bank account balance reflects all of my various sources of income.
Can I Cash A Check Online?
Yes! The smartphone has made the process of depositing checks and cashing them online fast and swift. The downloadable apps can help you to cash your checks instantly. A majority of these instant online check cashing services require one to link their banking information with the app.
They may also require you to write the initials (ODO) that means for online deposit only underneath. The apps also require one to take pictures of the front and the back of the check they want to cash and upload it to the app. You can just use your smartphone or any other standard phone with a camera to take the photos.
How Does The Online Check Clearing Process Work?
After taking a photo, the check then goes to a queue for approval. If cleared, the money is deposited into an account that you had linked to which could be your bank account, a prepaid card among others. If it was not linked to any account, then you will have to take an extra step which is to transfer your money to your bank account or to where you want it.
To continue reading, please go to the original article here:
Ultimate Guide To Your Us Bank Routing Number
Ultimate Guide To Your Us Bank Routing Number (+ A Full List)
Personal Finance - Janice Friedman - April 9, 2019
US Bank routing number Do You Know Your Bank Routing Number?
A routing number is a crucial number that you need when doing different transactions online or via phone. If you are a US Bank account holder, then it’s essential to know your routing number. Here is a list of all your US Bank routing numbers.
Every time you need to send and receive money from other financial institutions such as banks and credit unions, you need a routing number. In this article, we will give you the list of all US Bank routing numbers.
Ultimate Guide To Your Us Bank Routing Number (+ A Full List)
Personal Finance - Janice Friedman - April 9, 2019
US Bank routing number Do You Know Your Bank Routing Number?
A routing number is a crucial number that you need when doing different transactions online or via phone. If you are a US Bank account holder, then it’s essential to know your routing number. Here is a list of all your US Bank routing numbers.
Every time you need to send and receive money from other financial institutions such as banks and credit unions, you need a routing number. In this article, we will give you the list of all US Bank routing numbers.
If you want to make an electronic transfer, then you must provide both the account and the routing number. Therefore, if you’re going to make a payment online or by phone, you may be asked for your checking account routing number and your account number.
If you are working online, then making online transactions is inevitable. Proven online job opportunities can either be passive income or active income opportunities.
If you want to boost your revenue, you can start various online side hustles that pay daily cash or after a little while. Reselling items online are also proven and reliable side hustles.
Besides reselling tickets, you can get into flipping phones, reselling shoes and houses to generate additional income.
If you engage in different investments like dividend investments and making money online, it will not only boost your income but also accelerate your journey towards financial freedom and early retirement.
In your wealth building journey, you’ll need to track your various investments, checking accounts and money movement. I’ve been doing this for free with Personal Capital.
There is a difference between a routing number and an account number. So what is this difference between an account number and a routing number? Let’s evaluate.
Account Number vs. Routing Number
When you open an account with any financial institution, you will get routing and an account number. Both of which are vital to you and the bank since they help in the identification of both you the customer and the bank involved.
You will need to have both the account number and the routing number for different transactions such as direct deposit or online pay and order checks.
While the account numbers are specific to each account holder like the way a customer ID or fingerprints are, routing numbers help identify each financial institution with a unique numerical and are unique to each bank. Both are used to indicate where to send funds or the institution to receive the funds in a transaction.
Your routing number is a nine-digit number, but, your bank account number is usually a 10-12 digit numbers that are specific to your account.
The routing number is the first set on the left corner of a check and is usually pink in color while the account number is the next set of numbers after the routing number and is typically green in color. Both are between the character symbols.
What is a Routing Number?
Routing Number is otherwise known as Routing Transit number RTN sometimes called ABA American Bankers Association number is a nine-digit number that helps identify financial institutions in the United States.
To continue reading, please go to the original article here: