Banking involves many layers of protection, from your
own personal account to your banking institution to national
There are many aspects to your relationship with your bank that
you many not even think about. This chapter will explain the basics
of online banking, how to read your monthly bank statement, how
banking institutions must comply with the Patriot Act, how you can
protect your own privacy by reading “junk” mail from your bank or
credit union, what the FDIC will protect and how you can be sure
your bank is on solid financial ground.
What can you expect to learn from this
Doing your banking online is a great convenience. But you’ve got to
do a little work to set it up. We’ll show you how — and dispel
concerns about security.
Anatomy of a
bank account statement
Don’t let your monthly bank statement sit unopened. Here’s what to
check on the statement and a sample letter you can use when you
think there’s a mistake.
After the Sept. 11, 2001, attack in New York, the U.S. government
enacted rules with which banks must comply. Here’s an explanation
of how those affect you.
Opting out to
protect your privacy
Sometimes throwing away junk mail from your bank, credit card
company or credit union means your throwing away your chance to get
off junk-mail lists.
Here’s a rundown of what the Federal Deposit Insurance Corp. and
credit unions actually cover.
How safe is your
Bankrate.com’s “Safe & Sound” ratings enable you to check the
financial health of your bank.
Tips for your
Some final ideas to help you enjoy a happy relationship with your