You just got paid and several large monthly bills are about to come out of your checking account, but luckily you just deposited your check in the nick of time! No worries, right? Wrong. If you’re not familiar with your bank’s funds availability policy, you could be in for a surprise.
Category: Smart Banking
Opening a checking account can be confusing for some, but it doesn’t need to be. The key is to be informed and to plan ahead. Here are three easy steps to guide you through the process.
Where you choose to bank is a big decision. You need to have a relationship built on trust with your financial partner, knowing that they have your best interest in mind. That’s why when it comes to whom you bank with, it’s important to jot down a few smart banking characteristics to consider when it comes to your money. Here are a few.
According to CNN Money, many banks are making millions each year off of bank fees. Many of these fees are unnecessary, meaning they could be easily avoided with a little knowledge and planning. Here we provide examples of the most common unnecessary bank fees along with tips for avoiding them.
It’s often said that things improve with age. A lot of people don’t realize that this is also true as it pertains to your credit score. Credit scores don’t take age into consideration, however approximately 50% of a credit score is based on length of credit history and payment history.
We’ve all heard how important our credit score is. But have you really thought about the lasting effects it could have on your future ability to borrow? Have you taken the time to monitor your credit reports and really understand what they mean? We’re here to help break it down for you!
With so many options available, finding a checking account that works for you can be confusing. Whether it’s your first time or your fifth time opening a new account, it’s now more important than ever to perform your due diligence before making a decision. Doing so will help you avoid unexpected fees and find a banking partner that provides the convenience you require.
As interest rates remain low, banks have become increasingly reliant on charging account fees to produce revenue. One area where this has become evident is with checking accounts, as the number of banks offering free checking has declined substantially over the last several years. Although still possible to avoid checking account fees, there is now a lot more required on the part of the customer. Here are five of the most common requirements banks impose on customers in order to avoid fees:
Having a bank account become dormant is not something that is planned. Usually it takes customers by surprise and often they are not even clear how the account became dormant. In extreme circumstances, they even forget they had the account.
There’s little arguing that smart phones have been one of the most impactful inventions in human history. Their purchase and use exceeds PCs and continues to accelerate. The impact of smart phones, as well as tablets, can be felt in just about every facet of daily life in terms of how we communicate, gather information, shop, access entertainment, and of course, how we bank.