banking safety

Dormant Bank Account Fund Approved

April 27, 2011

What happens to money left unclaimed in bank accounts that people have forgotten about? In some cases, the account holder will remember (or be reminded) that it’s there, but in others, that simply doesn’t happen. In the United States, each state runs a missing money program where unclaimed funds go. Each state is required to […]

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Recent California Supreme Court Ruling Drives Lawsuits

April 22, 2011

After a ruling in February in the California Supreme Court, it is now illegal for a retailer in the state to request the zip code of customers paying with a credit card. Apparently this information was being used for marketing purposes although consumers were led to believe otherwise. The result: more than 150 class-action lawsuits […]

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Five Reasons to Use a Credit Union Instead of a Bank

April 20, 2011

As the economy continues to suffer and big name banks continue to take flak for unscrupulous practices, credit unions have begun to grow. Many people fail to realize the advantages a small credit union has to offer because they cannot see past the blaring marketing plans of big name banks. The major difference between credit […]

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Wells Fargo and Chase Introduce Microchip Credit Cards in U.S.

April 19, 2011

It appears the U.S. is finally making an effort to catch up with other countries in the implementation of microchip-embedded credit cards, also known as EMV-chip technology. Wells Fargo & Co. announced Wednesday that they will test EMV chip cards with 15,000 customers who travel abroad frequently. On Thursday, JPMorgan Chase announced that it would […]

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Risk vs. Reward – Are you a Risk Taker?

April 12, 2011

I am sure that many of you will understand what I mean by the title, “Risk vs. Reward.” In just about any walk of life, if we do not take any “risks” our rewards by not doing so are generally much lower. That is not to say there is anything wrong with individuals whom do […]

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What Should You Keep in Your Safety Deposit Box?

April 11, 2011

Safety Deposit Boxes at your bank are important for keeping items that are difficult to replace. These are private, so not even the bank knows what is in them. Keeping items in a fire-proof safe in the house is not as good protection from theft, fire and flood. Many are only fire-proof up to a […]

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Sallie Mae Debit Card Is A Helpful Convenience For Students, If Handled Responsibly

April 9, 2011

The student loan company Sallie Mae is preparing to release a student debit card in partnership with Mastercard. The new program, which will start this summer, allows students to receive financial aid money and tuition refunds in a special checking account. Sallie Mae Debit Card Features Perks of the accounts include: A free checking account […]

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Top 5 Things to Consider When Shopping for a Home Safe

April 7, 2011

When a tragedy strikes, will your meaningful belongings and documents be protected? It is never too late (or early) to add a safe to your house. Burglary, fire and floods are all variables that cannot be controlled however; you can do something to ensure that at least irreplaceable items and important documents will not be […]

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Why Certificate of Deposits Are One of the Safest Places to Put Your Money

April 1, 2011

Volatile markets, falling home prices and an unpredictable economy are all reasons for one to be concerned about the safety of one’s money. If you are seeking to keep your assets protected, then I suggest using Certificates of Deposit, or CDs, as one of the safest places to keep your money. There are several reasons […]

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Essential Treasury Management Services

March 1, 2011

What is treasury management and why is it important for your business? Treasury management is a generic term used to describe popular banking products and services for businesses and non-profits. Treasury management, also known as cash management, allows organizations to easily control cash flow in an efficient and effective manner, while staying up-to-date with financial […]

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