Browsing Category: "Banking"
Beyond Overdraft Fees: 5 Bank Traps to Avoid
Two of the country’s largest banks are overhauling their overdraft programs, touting simpler terms and stronger consumer protections. But the days of the $35 charge on the $3 latte are far from over.
Banks Win Round One in Fight
Top Democrats drop provision to let proposed Consumer Financial Protection Agency establish ‘plain vanilla’ products. Business says thanks but still wants bill dead.
It’s Official: America Loves Online Banking
Americans may not always love their bank, but online banking is the most popular form of banking, according to a new survey by the American Bankers Association.
The $38 Cup of Coffee?
Consider this case: a man miscalculates how much money is in his checking account, uses it seven times in a day with no single charge more than $12 and ends up charged with $234 in overdraft fees. Welcome to the dangers of debit cards.
The Smart Way to Lend Money to Family and Friends? Don’t Do It!
Linda Stern of Money has a list of tips on how to lend money to family while avoiding all the headaches that come with it. The ideas are good if you’re committed to lending money to relatives (or friends), but I have a better tip: Never lend money to family or friends. Really. It’s just not a good idea.
A Pack of Gum a Day Keeps ATM Fees Away
Do you find yourself a bit disgusted by the amount you spend on ATM fees every month? I know I can’t stand to pay $2-$3 just to get to my money, but I’m a huge cheapskate. So I’ll let you in on my favorite way to avoid ATM fees.
Free Checking Accounts Vanishing
The free checking account as we know it is likely at the start of its death throes.
This is according to Hank Israel, a director at Novantas, a consulting firm for the banking and credit card industry and which, last week, was featured in a WalletPop post about credit card rewards.
How Safe are Your Accounts Now?
When a series of banks started failing last year, federal officials said consumers’ money was safe and guaranteed, as long as their financial institution was insured by the Federal Deposit Insurance Corporation (FDIC).
Lending with the Human Touch
Social lending is becoming more popular for small personal loans, as a way to sidestep traditional banks (and high interest rates) and for someone in need to get some help with a touch of humanity. Read on to learn more.
Bank Fees Continue to Rise
Stressed out over high bank fees? We provide you with the inside scoop on how to keep these costs at bay. If you want fewer bank fees in your future, consider doing the following…
Woman Loses $1 Million in Mattress
According to a story on CNN.com, In Tel Aviv, Israel, a woman gave her elderly mother a new mattress. It was a gift, and the daughter tossed out the old bed.
