Every cent counts, especially in the wake of the current economic situation. Your bank account can work to your advantage, but unless you manage your affairs properly, your banking habits can also be costly. Consider the following tools to keep more of you money in your pocket.
Use direct deposit. Arrange with your employer to have [...]
by Renuka Rayasam
The cost of banking will skyrocket in 2009. One of the painful downsides of the banking crisis: Fees on everything from maintaining a checking account to wealth management services will go up between 5% to 20% next year.
Banks have been steadily increasing fees for years, but now investment profits have fallen precipitously and so fees [...]
by Jane J. Kim
Thursday, November 13, 2008 The Wall Street Journal Online
Banks are responding to the troubled economy by jacking up fees on their checking accounts to record amounts.
Last week, Citigroup Inc.’s Citibank started charging some customers a new $10 “overdraft protection transfer fee” to transfer money from a savings account or line of credit [...]
Most of us will have at least one bank account in a bank. Yes no one will store all his or her money at home these days. However, one thing you should understand is that the function of a bank is more than a place to store your money. As a result, you should try [...]
When you don’t have a credit history, it can be difficult and frustrating when trying to obtain a credit card or other type of loan. Establishing your initial credit history can be a Catch-22. If you don’t have credit, not many places are willing to give you credit, yet how can you ever establish credit [...]
Are you and your spouse completely familiar with each other’s financial situation? In case of an unexpected emergency, it’s a good idea to have up-to-date knowledge of the details and location of each other’s financial records and documents. Here are some questions each spouse should be able to answer about his or her partner’s finances.
Do you [...]
There are numerous financial products on the market to extend credit to consumers. Not all of these products are financially beneficial over the long term. Consider the following:
1. Bank Accounts With Too Many Fees
With so many free checking and savings accounts available today, why pay bank fees? Monthly maintenance fees, annual fees and per check fees are unnecessary expenses [...]
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