banking

Limit Six Savings Account Withdrawals Per Month

March 14, 2012

Many people may not be aware of it, but the Federal Reserve limits the number of transfers and withdrawals you can make from your savings accounts to a total of 6 per calendar month or statement cycle. (A statement cycle is equivalent to one month for most institutions.) This regulation has been around for a […]

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High Yield Savings Accounts: What You Need to Know

June 9, 2011

High yield savings accounts are designed to pay higher interest than other types of accounts. Researching current interest rates and your options is a simple way to learn more about choosing the accounts that offer the most returns. You will want to make sure that your account is FDIC insured before applying for the account. […]

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How Accepting Credit Cards Can Increase Customer Base

June 8, 2011

The day of unaffordable credit card processing is over.  In the past small businesses often found that a merchant services provider was too costly for their business to contract, due to their fees.  These fees ranged from a minimum monthly processing fee, a service fee for every swipe, and monthly rental fees.  This pushed many […]

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ING Direct Sale: Who Will Fill the Void?

May 26, 2011

I’ve been a satisfied customer of ING Direct for nine years, so imagine my dismay to learn that this arm belonging to ING Group of the Netherlands will be sold off soon. If you are not familiar with ING Direct, I’ll explain. An easy-to-navigate online bank, ING offers high-yield on savings and checking accounts along […]

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One Year Later, Debit Cardholders Still Confused About Overdraft Protection Fees

May 4, 2011

The Federal Reserve’s implementation of new policies last summer has essentially backfired. It was intended to protect debit card users from unexpected overdraft fees and clarify bank policies. Instead, it seems to be helping banks rake in the money by signing account-holders up for overdraft protection plans. Plus, according to a new study by the […]

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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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How to Establish a Savings Account for College

April 26, 2011

The cost of college is slowly creeping higher as the return in pay for a college graduate slowly declines. The average college student will make significantly less than the average college student made as little as ten years ago. This is mostly due to a struggling economy so beginning a college savings account for your […]

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Bank Accounts 101: Which One is Best for You?

April 25, 2011

In this day and age, pretty much everyone over the age of 18 should have some type of bank account. Bank accounts are essential if you want to get direct deposit from your job or if you want to pay for your everyday purchases with a debit card. However, with so many different types of […]

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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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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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