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Archive for the ‘Banking’ Category

Buyer, be very wary

Written by Richard Barrington - 5 Comments

I recently spent the better part of an hour being tortured by bankers.
Given the contentiousness of the conversation, it is entirely possible that they saw themselves as being tortured by me. However, considering that they had my money and were the ones getting paid to be there, I see it the other way around.
I am [...]

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Published on August 18th, 2014
Modified on August 15th, 2014 - 5 Comments
Filed under: Banking
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Sympathy for the banker

Written by Richard Barrington - One Comment

Bankers are not easy to love. In fact, from the mean old man in “It’s a Wonderful Life” to the bonus-baby CEOs who put the world through the financial crisis a few years ago, bankers have become a class of citizen that people love to hate. Like a lot of hatred, though, that sentiment might [...]

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Published on March 17th, 2014 - One Comment
Filed under: Banking
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Capital One 360 Bank review

Written by FCN Staff - Leave a Comment

Capital One has been a major player in the credit-card arena. They expanded into the retail-banking space by acquiring three regional banks — Hibernia, North Fork and Chevy Chase Bank. They became one of the ten largest banks in the nation based on deposits after acquiring ING Direct.
ING Direct was one of the most popular online [...]

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Published on December 12th, 2013
Modified on June 4th, 2014 - Leave a Comment
Filed under: Banking
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Bank review: American Express Bank

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American Express is a brand that is almost synonymous with credit cards, but in recent years they have also built a sizable base of deposit customers. By offering very competitive online savings rates, American Express Bank has grown its deposits from $7.2 billion to $26.5 billion in just five years.
American Express Bank is part of a [...]

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Published on December 10th, 2013
Modified on February 24th, 2014 - Leave a Comment
Filed under: Banking
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Super debt: That’s just about the size of it

Written by Jeffrey Steele - 7 Comments

This article is by staff writer Jeffrey Steele.
Personal finance gurus have long warned that we Americans have a nasty problem. We spend too much and save too little. Not only do we not look for the best savings accounts, or check on savings account rates, or seek high interest savings accounts, many of us don’t [...]

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Published on September 11th, 2013
Modified on September 9th, 2013 - 7 Comments
Filed under: Banking, Debt Reduction, House & Home, Saving & Investing
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Overdraft fees soared to $32 billion in 2012

Written by ecannon - 5 Comments

This post, written by Anthony Fontana, is from out partner site QuickenLoans.com.
Nobody likes wasting money, do they? Actually, according to a news report from Moebs Services, banks, credit unions and thrift institutions made $32 billion on overdraft fees in 2012. That’s right, $32,000,000,000! That’s a lot of zeros.
The 2012 numbers represent an increase of $400 million, [...]

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Published on May 17th, 2013
Modified on May 29th, 2013 - 5 Comments
Filed under: Banking
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How should you choose a bank? Look in the mirror.

Written by Richard Barrington - 8 Comments

This post is from staff writer Richard Barrington.
I was recently interviewed on the subject of online banking, and the reporter asked a very direct question: is online banking better than traditional branch-based banking?
It’s a fair question given the information we were discussing. This included surveys from MoneyRates.com that show online banks consistently having higher money market [...]

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Published on May 13th, 2013
Modified on May 29th, 2013 - 8 Comments
Filed under: Banking
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Bluebird card adds enhancements

Written by ecannon - One Comment

Last fall, an odd couple – American Express and Walmart – introduced the Bluebird card, a debit card with almost no fees and with the member benefits of an American Express card.
Cardholders can add money to the card via direct deposit, transfers, cash at Walmart or check. The card can be used anywhere that accepts [...]

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Published on April 2nd, 2013
Modified on March 20th, 2014 - One Comment
Filed under: Banking, Credit Cards
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Ally Financial Failed the Fed’s Stress Test

Written by Nickel - 3 Comments

Not sure how I missed this, but the WSJ reported last week that Ally Financial recently failed one of the Fed’s stress tests. They tested the 18 biggest banks in the country and 17 passed.
Apparently their “Tier 1 Common” ratio came in too low (1.5% vs. a required 5%), though they have responded that the [...]

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Published on March 15th, 2013
Modified on March 17th, 2013 - 3 Comments
Filed under: Banking
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The Safest States for Banking

Written by Nickel - 5 Comments

As a followup to Friday’s post about bank failure rates, I thought I’d highlight a recent MoneyRates.com analysis of the best and worst states for banking.
They rates banks based on customer satisfaction, stability (state-by-state failure rates), availability of high interest rates, and size of the banking community (more choices is better).
The top ten were:

Ohio
Kentucky
Lousiana
Montana
West Virginia
New [...]

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Published on March 10th, 2013 - 5 Comments
Filed under: Banking
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