Banking Blog

Monday, February 6, 2012 11:28 am
By Marcie Geffner · Bankrate.com

Call it the battle of the bank brands. A new report ranking the world’s most valuable brand names among banks has named HSBC as the holder of the top spot on a list of 500 bank brands. The only British bank among the list’s top 10, HSBC leapfrogged Bank of America and Wells Fargo, which

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Saturday, February 4, 2012 10:55 am
By David McMillin · Bankrate.com

If you’re guilty of overdrawing your checking account, one bank is introducing a choice for how you pay when they cover for your purchases. TCF Bank announced yesterday that it will begin offering account holders the ability to choose between two types of overdraft protection: a per-item fee of $37 and a per-day fee of

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Friday, February 3, 2012 3:00 pm
By David McMillin · Bankrate.com

Imagine if each of your friends on Facebook and followers on Twitter played a role in your banking experience. By the middle of this year, a new type of bank hopes to make that a reality. MovenBank, a new type of institution set to launch in mid-2012, wants to change the way you pay for

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Friday, February 3, 2012 10:00 am
By Claes Bell · Bankrate.com

I’ve been writing a lot about prepaid debit cards recently, much of it critical, echoing some of the same issues many in the financial press have with prepaid cards, including relatively high fees, limited features and a lack of meaningful savings accounts. But I do believe prepaid cards represent both an increasingly popular alternative to

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Thursday, February 2, 2012 10:00 am
By Marcie Geffner · Bankrate.com

Financial scammers who repeatedly victimize active-duty U.S. military personnel, veterans and their families are the target of a new database being developed by four government agencies. The Repeat Offenders Against Military database, known as “ROAM,” will track completed enforcement actions against companies and individuals who repeatedly scam military personnel, according to the Consumer Financial Protection

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Wednesday, February 1, 2012 3:52 pm
By Claes Bell · Bankrate.com

It looks like a high school in Naples, Fla., is taking a really cool approach to teaching job skills and personal finance savvy to students: opening an in-school credit union branch. From the Naples Daily News: Math teacher Nancy DeFurio asked Suncoast to start a Naples student branch after seeing something similar in New York.

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Wednesday, February 1, 2012 3:00 pm
By Marcie Geffner · Bankrate.com

Valentine’s Day is supposed to be about romance. But for some sad lonely hearts, the holiday turns out to be a financial scam, rather than true love. Indeed, social media and online dating frauds are so widespread that the national Better Business Bureau included the category in its list of the Top Ten Financial Scams

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Tuesday, January 31, 2012 4:54 pm
By Claes Bell · Bankrate.com

We may be finally coming to the end of the instability that wracked the American banking system. As my colleague David McMillan blogged earlier this month, the FDIC’s numbers for bank failures were way down in 2011. On top of that, last month, the FDIC’s board cut the 2012 operating budget for the organization by

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Saturday, January 28, 2012 11:30 am
By David McMillin · Bankrate.com

If you’re deciding between between banks and credit unions for your money management, here’s a stat from Wisconsin that may sway your decision to the nonprofit side: The average household saves $164 annually by using a credit union. In a report titled “REAL Solutions Scorecard for Wisconsin Credit Unions,” the Wisconsin Credit Union League analyzed

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Friday, January 27, 2012 11:00 am
By Claes Bell · Bankrate.com

How bad was the debit card “fee-asco” for banks? It depends on who you ask. In November, the Credit Union National Association released a statement that they their member credit unions had picked up 650,000 new members between Sept. 29 and Nov. 2. A few weeks later, though, they had to revise their figures down

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