If you are a big fan of big banks, you will no doubt love the interest they pay on your savings account (0.01%)! But then, let’s also be fair. The interest paid by banks are paltry across the board, not just the big banks. Then there are some banks that offer an above average interest […]
If you are shopping around for your first credit card, which one should you pick?
Learn why conventional advice is not the best for you.
Suze Orman recently launched a prepaid debit card called the Approved Card. Now, I’m not a big fan of prepaid cards in general and prefer debit cards instead, but this coming from Suze Orman, deserved another look. I like Suze Orman. She does what a very few can do – break down complex financial topics […]
On one end we have the “99%” occupying not just Wall Street but public parks, bridges and roads and on the other, we have the 1% occupying everything else and who have our lawmakers literally at their beck and call. They even have lobbyists masquerading as presidential candidates and of course, all the money in […]
BofA has come up with a novel way to earn people’s trust after battling one PR disaster after another for the fraud perpetuated by the bank over the past few years. BofA has decided to charge a nominal monthly fee of $5 every month you use BofA’s debit card. This will be on top of […]
Ally and Ing Direct are two of the most popular online banks in the US with no physical branches. Ing Direct is owned by the Dutch financial group, Internationale Nederlanden Groep and Ally is the financial arm of General Motors, formerly known as GMAC. (ING group has agreed to divest US operations of Ing Direct […]
Checks are becoming a thing of the past, but you do get that occasional payment in the form of a check. You have to either mail it in or deposit it with a bank teller or in an ATM machine and within a certain period of time. Some banks started offering the convenience of cashing […]
I had written about my frustration earlier on how complex it was to send money to my wife since we keep our finances separate and in different banks. Of course, PayPal would be the first avenue that would come to one’s mind. But my wife’s PayPal account isn’t linked to her bank account but to […]
Not all couples have a joint account. Some just prefer to keep their accounts separate and reconcile joint expenses periodically, including yours truly! When we first started doing this, we were stumped! This wasn’t straightforward. Exchanging cash was too cumbersome, writing a check meant a trip to the bank, wires cost money and ACH money […]
Fine prints, who reads them right? At least until you are hit with fees for violating some rule buried in fine prints! If you read them, more power to you! If not, shooting an email to your bank with these 10 most commonly asked questions might be the next best thing to do! Do this […]