Tag Archives: Checking

How to Choose a Good Bank

Your money is a treasure. Deciding where to keep it can be a tough decision. These days there are a wide range of options – all better than keeping your money stashed under your mattress! Usually a larger well-known bank is the safest choice; although they are also less likely to offer you quality customer service. Many recommend instead choosing a smaller local bank with a high rating to get the best of both worlds. How to determine a highly rated bank? First ensure they are part of the FDIC, also known as the Federal Deposit Insurance Corporation. This institution … Continue reading →

Balance Your Checkbook and Save Money

You can save money by balancing your checkbook every month and keeping a running total. The Center for Responsible Lending has just issued a new report “Out of Balance” warning against the high interest rates that the banks are charging to cover your items if you overdraw. The report speaks out against what it calls unfair banking practices that can cause the customers to accumulate more fees. The Center for Responsible Lending is supporting bill HR 946, which would put overdraft loans under the jurisdiction of the Truth-in-Lending Act. This could mean that the banks must notify you if you … Continue reading →

Do You Keep a Running Total of Your Account?

Do you keep a running total of your expenditures for the month? Do you keep a running total in your checking account, or do you guessitmate what you should have after your additional bills come out? It can be time consuming to make sure that you keep a running total of the amount of money you have available to you, but it is worth the effort. Here are five reasons why: 1) It will save you money if you do not overdraw your account. You will not need to pay insufficient fund fees to your bank, or the places you … Continue reading →