Personal Finance Blog By MoneyRates - Checking Accounts
Customer satisfaction with banks improves slightly
January 4, 2011
Customer satisfaction with bank services, such as checking accounts, savings accounts and personal loans, rose slightly in the last year, but has yet to return to levels reached before the financial crisis exploded, according to the American Customer Satisfaction Index annual report for financial services released in December.
The index, founded by the University of Michigan's [...]
Americans get richer in the third quarter
December 14, 2010
Despite the dismal housing market, Americans are making progress in rebuilding their wealth.
U.S. household net worth rose 2.2 percent to $54.9 trillion, a gain of $1.2 trillion, in the third quarter, according to recently released statistics by the Federal Reserve.
The uptick follows a decline in the spring, but continues a rebound since first quarter of [...]
Banks say consumers will pay the price for pending limits on checking account debit card swipe fees
August 3, 2010
The battle over interchange fees -- the payments retailers make to banks every time you swipe your checking account debit card to buy stuff -- isn't over yet, at least not as far as banks are concerned. The American Bankers Association (ABA) is still fighting the pending fee limit, which was included as part of [...]
Checking Account Overdraft Protection: Would You Pay $30 for a Latte?
June 8, 2010
If you run your checking account close to the line, it's time to decide how to handle overdraft protection, or you could find yourself stammering at the cash register unable to pay. Under a new Federal Reserve rule going into effect this summer, you have to "opt in" for the ability to overdraw your account [...]
Will Your Savings Be Safe in 2014?
June 1, 2010
Before the financial crisis blew up two years ago and bank failures became a routine news item, you might not have thought much about FDIC insurance. So it's easy to understand how thousands of IndyMac Bank customers were caught underinsured when the bank failed in July 2008. At that time, the FDIC insurance limit was [...]
Save Your Business Money By Depositing Checks Online
April 9, 2009
Remote deposit (also called online deposit) is a secure service that allows you to scan paper checks from your office or home and electronically send the images to your bank for deposit through a secure platform. Any business with a high volume of checks can benefit by processing deposits online. Advantages include: Green Banking - By [...]
