Banking Blog

Wednesday, August 25, 2010 9:19 am
By Marcie Geffner · Bankrate.com

Did you research your bank’s interest rates, fees, services, safety and soundness before you opened your account? Or did you choose your bank because there was a branch near your home or office or you responded to a promotion? Research is recommended and for good reason as David McMillin reports in “Service, safety key issues

» Read more
Thursday, August 19, 2010 10:33 am
By Marcie Geffner · Bankrate.com

It’s a policy banks love and bank customers hate: That is, the big banks’ universal practice of jumping the largest checks, debit-card transactions and ATM withdrawals to the front of the processing queue, even if other smaller transactions occurred earlier in time. Banks say this reshuffling ensures that customers’ largest, and thus presumably most important,

» Read more
Monday, August 16, 2010 4:50 pm
By Marcie Geffner · Bankrate.com

Pacoima, Calif., isn’t a place I would normally visit on a Saturday afternoon, but last weekend, I was there. Pacoima is a little carve-out in the northeast corner of the San Fernando Valley, north of Los Angeles. The main street has a lot of liquor stores, a couple of fast-food outlets, block after block of

» Read more
Wednesday, August 11, 2010 9:33 am
By Marcie Geffner · Bankrate.com

Retailers say new government restrictions on interchange fees will save consumers money, based on the assumption that merchants will pay less to banks on consumers’ plastic money transactions and pass along the savings. And some economists and consumer advocates agree. Banks say the new restrictions will hurt their ability to offer reasonably priced banking products

» Read more
Tuesday, August 10, 2010 9:21 am
By Marcie Geffner · Bankrate.com

One of the more curious carve-outs in the new financial reform law is an exemption that shields so-called “small” banks from the oversight of the new Consumer Financial Protection Agency. Specifically, the Dodd-Frank Wall Street Reform and Consumer Protection Act gives the new agency extensive power and authority to regulate consumer financial products, but only

» Read more
Monday, August 9, 2010 9:29 am
By Marcie Geffner · Bankrate.com

A surprisingly large number of people believe it’s OK to deface or destroy U.S. currency, judging by the response to my recent Bankrate story, “6 money habits that are illegal.” The general thinking seems to be “it’s MY money, so I should be allowed to write on it, tear it up or burn it as

» Read more
Tuesday, August 3, 2010 11:17 am
By Marcie Geffner · Bankrate.com

New government restrictions on interchange fees are supposed to benefit consumers who use debit and credit cards to pay for their purchases. But whether consumers will get those benefits remains to be seen, especially now that the American Bankers Association, or ABA, has launched an effort to repeal the restrictions before they’re implemented. Consumer advocates

» Read more
Monday, August 2, 2010 9:21 am
By Marcie Geffner · Bankrate.com

There’s no doubt about it: Some Bankrate readers really love their debit cards. Indeed, as I’ve said, there’s a lot to like: Debit cards are easy to use, they look cool, and some of them offer points toward goods and services, airline miles or cash back on debit-card transactions. The most common fee for a

» Read more
Wednesday, July 28, 2010 8:00 am
By Marcie Geffner · Bankrate.com

There’s a lot to like about bank debit cards: They’re convenient. They don’t involve a balance or interest expense. They look cool, and they come with rewards for frequent use. Points, airline miles, cash back or even “Disney Dream Reward Dollars” can be yours if you sign up for the right plan and remember to

» Read more
Monday, July 26, 2010 1:46 pm
By Jim Wang · Bankrate.com

Have you ever wondered why a high yield savings account at ING Direct or Ally Bank can pay interest rates that are 10 to 20 times more than your local brick and mortar? When your local bank offers 0.01 percent APY on your savings account and an online bank offers 1.5 percent APY, it seems

» Read more
Page 98 of 100« First...102030...96979899100