Checking & Savings Accounts

Prefer using debit cards over credit cards, but miss earning rewards? Some debit cards offer cash-back rewards – either as a straight points-based redemption program or as a perks-based program directed at purchases with specific merchants. You may have debit card cash-back benefits through a perks-based program and not even realize it. Cardlytics is
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According to Collegedata.com, the average annual cost of tuition and fees for the 2017-2018 school year was $9,970 at an average public college for in-state residents. Out-of-state collegians paid an average of $25,620, while those attending private colleges saw average bills of $34,740. Throw in a typical $10,000-$12,000 for housing and meals, another $1,200 for
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Isn’t it nice when your bank pays you instead of you paying them? Competition in the banking market has opened up opportunities for you to get paid simply for opening a checking account. Banks are often willing to part with cash, gift cards, interest-bearing checking accounts, or other rewards in order to gain your long-term
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Automatic payments from your bank account can be a great convenience, but they can also be a source of problems if you don’t pay attention. Do you check your payments on every bank statement? If not, you may be paying incorrect amounts or making automatic payments for a service or subscription that you don’t want
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Credit card usage is dropping among the millennial generation. A surprising 67% of Americans between 18 and 29 years of age have no credit cards at all, according to a recent survey. That compares to only 45% of Americans between the ages of 30 and 49, and 38% of those aged 50-64 without credit cards.
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Individual Development Accounts (IDAs) may be the best resource for low-income Americans that you have never heard of. They are matching savings accounts that are targeted to promote savings in lower-income families and help them to achieve a savings goal that might otherwise be beyond their reach. Typical goals are buying a home, starting a
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Many people might believe that to get a good credit score, they need a checking account. For households conducting most of their financial transactions with money orders and prepaid cards, it might seem essential. But financial expert Jeff Richardson says that having a checking account isn’t necessary. Talking about the myth, Richardson said, “It’s probably
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Theft of debit card information from ATMs is on a major rise, according to FICO. From the beginning of the year until April 9th, debit card information theft rose 174% over the same period in 2014 through ATMs located on bank properties and a staggering 317% in ATMs on non-bank properties. The surge represents the
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Imagine that you visit an ATM to withdraw cash and instead of completing your transaction through scanning a card and entering a PIN, you simply tap the screen and scan a code to receive your cash. You don’t have to imagine it; in some locations, you can experience it. Cardless ATM transactions through mobile apps
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You are struggling just to pay your monthly bills, not to mention dealing with the occasional car breakdown, home maintenance item, or unexpected medical bill. You have had to resort to high-interest short-term payday loans to fill the gap, which puts you even further in debt. How can you even think about saving money in
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We hear ads for free or no-fee checking all the time, but are these accounts really free? There are four different account components to consider. Maintenance Fees – These are monthly fees that the bank charges you simply to maintain your checking account. Some banks list maintenance fees but allow them to be waived under
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Who needs scratch-off lottery tickets and Powerball? Some credit unions are offering a program that allows you to win prizes as you save your money, at no risk to you. Not surprisingly, the program is called Save to Win. The program was developed in Michigan in 2009 as an innovative way to encourage lower- and
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The Federal Deposit Insurance Corporation (FDIC) is a U.S. Government regulatory agency that has three primary purposes: Insure bank deposits of member banks; Assist with banking regulations; Deal with failing banks. Let’s look at each of these jobs in a little more detail. Deposit Insurance The FDIC does insure bank deposits in
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CD or Savings Account: One, Both, or Neither? Finding an investment product that best meets your unique needs can be confusing and frustrating. There are so many out there, including mutual funds, money markets, stocks, bonds, and annuities, to name a few. Books have been written comparing and contrasting each one of these. This article
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