banks

5 Things Your Teen Needs (or Doesn’t Need) in a Bank Account

Whether managing income from gifts, chores, or a part time job, teach your teen about saving and personal finance at the same time you teach them about banking services and fees.

Capital One 360 Review

Capital One and ING DIRECT merged to form Capital One 360. Should you merge your banking with the new entity? Or should you divest?

6 Reasons to Love Your Bank

Banks (especially big banks) tend to be vilified in the media. But there are some very good reasons to be thankful we have them.

Credit Unions vs. Banks: What's the Difference?

Banks and credit unions both have their benefits...and the potential to be totally annoying. Here's how to figure out which institution is right for you.

New Tools for the Unbanked

Lack of access to the banking system has been an expensive burden on the poor. Just recently, a surge in new financial products make it a lot less expensive to be unbanked.

The Benefits and Drawbacks of Credit Unions

Are you annoyed by your bank's tendency to add more fees and offer lower savings interest rates? Consider a credit union as an alternative; here are the benefits and drawbacks.

Are You and Your Banker a Perfect Match?

Unfortunately, there's no dating-style website for banks...yet. So how do you find the perfect bank for your business?

That Sneaky Bank Almost Got Me

Rule number one for avoiding bank fees? Pay attention. (But it also helps to have a little luck.)

A Mortgage Crisis Solution

Some banks didn't manage the paperwork well enough to be able to prove that they actually own their mortgages. This just might be the germ of a solution.

What is "Quantitative Easing" Anyway?

Recently the news is abuzz with the term "quantitative easing."  What is it anyway and how does it affect you?

What Makes a Good Business Bank?

The bank you choose for your business accounts can make a major difference in how well your company operates. Convenience is a factor, but there are considerations that may be m

You did WHAT with my SSN?

My bank thinks I should feel comfortable with one of their employees toting around a personal notebook containing my social security number. Should I?

Chase reverses new maintenance charges

Back in January, I wrote a post about finding a new $10 "maintenance fee" for my Chase credit card -- the one I was never late on and had a transfer balance that guaranteed me a 3.

The Overdraft Protection Racket: Why Banks Want You To Overdraw, And How You Can Get Your Money Back.

I know banks are hurting for money right now, but no more than the rest of us. And one aspect of modern banking that I find most disturbing is how banks allow you to go overdrawn s

Could you profit from Obama and Geithner's toxic assets plan?

This week the United States Treasury announced the Legacy Loans Program. The program is meant to be a partnership between the government and private investors to clear "toxic" ass

Three bad ways to fund mortgage lending (and maybe a good way)

Any institution that wants to fund mortgages has a problem. They want to lend the money out for thirty years, but the money they have to lend comes from deposits that can be withdr

Book review: Towers of Gold

It will not, I think, surprise my regular readers to hear that I like to read books about money. All kinds of books about money--not just books on personal finance and frugality,

What's the big deal about banks refusing to lend?

Anybody--but especially frugal people--can be excused for thinking that the whole credit crisis thing is being overblown. After all, we get along without debt. In fact, we str

How Tapping Into Home Equity Is Like Pawning A Gold Necklace

It has occurred to me that tapping into one’s home equity can be like pawning a gold necklace, television set, or other personal item with resale value. Both involve using collater

Buyer Beware: The Weakest Banks Often Offer the Highest Interest Rates

Today the troubles of IndyMac bank was splashed in the headlines. Its stock has fallen to nearly $0 and depositors are making a run at closing their accounts. IndyMac has been con