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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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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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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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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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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It’s been awhile since I’ve talked about failed banks. Back in the height of the financial crisis, bank failures were all the rage and the media couldn’t stop talking about it. But we don’t hear about it nearly as much anymore.
Is that because bank failures have slowed down? Or because we’ve become immune to the [...]

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Not quite a year ago, Barclays entered the online banking space. They launched an online savings account with a 1% APY as well as a series of CDs of varying terms with competitive rates.
Since that time, they’ve held their savings rate steady and now find themselves near the top of the heap amongst the major [...]

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Not quite six weeks ago I talked about the looming transition of ING Direct into Capital One 360. At that time, details were scarce. They did, however, promise that additional information would be forthcoming in December.
Well, earlier this week I received that info. Here’s a rundown of what I learned…
For starters, your account numbers, sign-in [...]

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Remember when the news first broke back in the summer of 2011 about Capital One buying ING Direct? Final approval of thus deal was granted in February 2012, but nothing more had been announced — until yesterday, that is.
Yesterday afternoon I received an e-mail saying that they’re changing their name to “Capital One 360,” but [...]

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As a followup to my recent post about Ally Bank having modified their deposit agreement to change their CD withdrawal policy…
This afternoon I had an opportunity to try out the process of closing a CD early (again), and guess what? It was much like before.
I started by hitting up their online chat. I explained what [...]

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