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Archive for the ‘Banking’ Category

Are You Switching Banks?

Written by Nickel - 28 Comments

Much has been made of the recent reports of debit card fee increases, monthly fees for formerly free checking accounts, and so on. Consumers are understandably upset, and many are threatening to switch banks. But will they? Will you?
I’m curious, so I thought this would make for a good poll topic. Truth be told, switching [...]

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Published on October 7th, 2011 - 28 Comments
Filed under: Banking
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Ditching Your Debit Card

Written by Nickel - 11 Comments

As a followup to Friday’s post about Bank of America’s new debit card fees, I wanted to share something that I learned over the weekend…
According to a BofA rep, you can convert your debit card back into a plain old ATM card if you want. Since the fees are only for debit card usage (i.e., [...]

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Published on October 3rd, 2011 - 11 Comments
Filed under: Banking
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How to Change Banks

Written by Nickel - 3 Comments

With the unwelcome news that many of the nation’s biggest banks will soon be charging fees for debit cards usage — on top of lots of other fees — you may be thinking of switching banks. Ugh. What a chore. But you can save a nice chunk of change on an ongoing basis by sucking [...]

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Published on October 3rd, 2011 - 3 Comments
Filed under: Banking
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New Debit Card Fees on the Horizon

Written by Nickel - 10 Comments

The big news in the consumer banking industry yesterday was that Bank of America intends to roll out a $5/month service fee for customers who make purchases with their debit cards. Yikes! Five dollars? Per month? That’s a lot. And it won’t matter if you use your card just once or dozens of times.
The good [...]

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Published on September 30th, 2011 - 10 Comments
Filed under: Banking
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Money Market or CDs?

Written by Lisa White - 3 Comments

With record gas prices, rising food costs, and stagnant (or declining) salaries, it’s difficult to save money these days. If you’re like me, when I come across extra money to sock away, I want it to be accessible, secure and earning the highest interest rate possible.
I’ve found that both money markets and certificates of deposits [...]

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Published on September 6th, 2011 - 3 Comments
Filed under: Banking, Saving & Investing
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Safeguarding Your Online Banking Experience

Written by Lisa White - 11 Comments

While paying my bills recently online through my bank, I had a sudden flash of concern. How safe was my transaction? Was I at risk of identity theft or, even worse, the pilfering of my accounts?
Although experts say online banking is safer than the traditional method of using paper statements, it turns out that my [...]

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Published on September 1st, 2011 - 11 Comments
Filed under: Banking, Identity Theft, Online
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Ordering Checks Online

Written by Nickel - 9 Comments

It’s that time again… Time to order more checks. I’ve mentioned this in the past, but despite doing most of our banking online, we still need to write a decent number of checks, mostly for things related to our school-age kids.
The last time we had to order checks was back in October 2006. At that [...]

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Published on August 22nd, 2011 - 9 Comments
Filed under: Banking
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ING Direct Now Offering Paper Checks

Written by Nickel - 11 Comments

In a move that’s sure to bring a smile to the face of many customers, ING Direct is now offering paper checks to go along with their formerly-paperless “Electric Orange” checking account. According to reports, they’ve been notifying customers of this feature, though I haven’t yet received notification.
Be that as it may, a review of [...]

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Published on August 12th, 2011 - 11 Comments
Filed under: Banking
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Where to Find Better Interest Rates for Your Savings

Written by Nickel - 4 Comments

Are you tired of earning a pittance on your hard earned savings? Not too long ago you could earn 3%, 4%, 5% or more by sticking your cash in a high yield savings account. But today? Not even close. Interest rates now top out in the low 1% range, and it seems like there’s no [...]

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Published on August 1st, 2011 - 4 Comments
Filed under: Banking, Saving & Investing
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Big Banks vs. Small Banks: Which is Right for Me?

Written by Guest Contributor - 6 Comments

This is a guest post from Lisa White.
With all the publicity in recent years on the exorbitant fees big banks are charging, along with the dissolution of more and more community and neighborhood banks, I have been re-evaluating where to do my banking.
It is not easy switching banks to begin with, especially for those of [...]

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Published on July 21st, 2011 - 6 Comments
Filed under: Banking
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