Financial
Checking/Savings Account | Credit Card | Car Insurance | Student Loans/Scholarships | Personal Loans | DC Taxes | Credit ChecksOverview
Whether you’re moving to DC for school or work, chances are you’ll be incurring moving expenses and possibly new school and/or job expenses. YourNewCity.Com has found several financial services and information links that can help you with your finances.
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Checking/Savings Account
If you’re opening a student checking account for the first time, there is a lot of helpful information and suggestions available to help you manage your money. Check out www.studentfinancedomain.com for several helpful resources and advice.
Ready to open an account? The following are a list of banks with branches and ATM locations throughout Washington DC.
Looking to open up a savings account or online investment account? Consider YourNewCity.Com recommendations:
Credit Card
There are a wide selection of credit cards available with all kinds of programs, reward credits, miles, different annual fees, and APRs. Check out www.CreditCards.com to compare and choose the right one for you.
Are you a student looking to get your first credit card? Consider getting a Discover Student Card. They have special student cards with low interest and services to help you manage your spending build your credit. Apply for the Discover® Student Card today!
Car Insurance
DC has a “no-fault” clause for car accidents in the District. This means that as far as vehicle damage and repair is concerned, it doesn’t matter who is at fault for causing the accident. Your own insurance company will have to pay for the repairs. This results in higher car insurance premiums for vehicles registered in DC.
Check out Allstate Auto Insurance and esurance for rate quotes that might save you money for getting car insurance in DC.
Student Loans/Scholarships
Need help paying for tuition, books, and housing? Check out www.EStudentLoan.com for information on Stafford Loans, Private Loans, PLUS Loans, and other types of loans available to help pay for school.
Also check out FreeScholarshipGuide.com and Cappex for potential scholarships that can help pay for college as well.
Besides being a great credit card for students, Discover Card can also help with student loans. Check out the Student Loans Options at Discovercard.com.
Personal Loans
Need help paying for school or extra money to help you move and get new furniture? How about consolidating your bills? There are several financial services that will help get a loan.
DC Taxes
If you are moving to DC and will be a resident for longer than 183 continuous days, you will be required to file a DC tax return in addition to a federal tax return. DC has a high tax rate and the amounts increase in brackets.
For example, residents earning $40,000/year can expect to pay close to 7.5% while those earning $60,000/yr can expect to pay close to 12% tax in addition to federal income taxes.
For more information, be sure to check out DC’s Office of Tax and Revenue Taxpayer Service Center.
Need help calculating and filing your taxes? Check out these services:
Credit Checks
Besides needing good credit for loans, buying a house, and getting good interest rates on credit cards, Credit Checks are also important for monitoring and fighting against ID theft.