Question 1

When is my credit card statement balance due?

Accepted Answer

Your statement balance is due on the payment due date shown on your statement, typically 21-25 days after the statement closing date. This period is called the grace period. To avoid interest charges and late fees, ensure your payment is received by the card issuer before the due date.

Question 2

What is the best format to convert bank statements?

Accepted Answer

Excel (XLSX) is most popular for analysis, CSV for universal compatibility, and JSON for programming and automation. The best format depends on your use case - accounting software, data analysis, or integration with other systems.

Question 3

What is Form 1099-INT?

Accepted Answer

Form 1099-INT reports interest income earned from banks, credit unions, and other financial institutions. You receive it if you earned $10 or more in interest. Use it to complete your income tax return.

Question 4

Do checking accounts earn interest?

Accepted Answer

Some checking accounts earn interest, called interest-bearing checking accounts. However, rates are typically lower than savings accounts. Many standard checking accounts don't pay interest at all.

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Frequently Asked Questions

When is my credit card statement balance due?

What is the best format to convert bank statements?

What is Form 1099-INT?

Do checking accounts earn interest?

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