Understanding W-2 Forms and WebBank's Online Banking Services

Employers Must Send W-2 Forms by January 31; WebBank Offers Higher Interest Rates but Lacks Checking Account

Employers are required to send W-2 forms by January 31, either electronically or by mail. The form provides information about income earned from the employer and the types and amounts of taxes withheld from the paycheck.
The W-2 form is pivotal in determining whether an individual filer is eligible for certain tax credits and deductions and can be helpful for financial planning purposes.
If there is an error on the W-2 form, the IRS advises to contact the employer to try to get a corrected W-2 issued. Otherwise, information on the tax return that does not match the W-2 will likely result in an IRS inquiry.
WebBank is an online bank with a savings account and CDs. It also partners with brands such as Avant, PayPal, and Yamaha to provide credit cards and loans.
WebBank pays a higher interest rate than most brick-and-mortar banks, but other online banks offer better rates. Accessing cash is tricky with WebBank, as it doesn't have a checking account.