Banking Blog

Friday, September 10, 2010 4:36 pm
By Marcie Geffner · Bankrate.com

Online banking can be wonderful: It’s fast. It’s easy. There’s little or no paper to pile or file. And there’s no need to drive or walk to a bank branch. But, as Constance Gustke reports in “Are online checking accounts for you?” on Bankrate.com, online banking also has some drawbacks, which can include “deposit delays,

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Wednesday, September 8, 2010 5:08 pm
By Claes Bell, CFA · Bankrate.com

The Treasury announced plans last week to create a pilot program that would bring special checking accounts for the unbanked and under-banked — those who, for one reason or another, don’t have checking accounts and operate strictly from cash. Such consumers are often the target of higher fees for check cashing, bill paying and other

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Wednesday, September 8, 2010 12:55 pm
By Marcie Geffner · Bankrate.com

Banking customers who want to save money on fees can take a few tips from the Federal Deposit Insurance Corp., or FDIC, which recently published some tips to help consumers avoid unnecessary fees on their bank savings and checking accounts. The tips are relatively basic, but worthy of a reminder and a monthly checkup, especially

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Thursday, September 2, 2010 3:24 pm
By Marcie Geffner · Bankrate.com

Interest rates on bank accounts and deposit certificates have dropped to such minuscule amounts that borrowers may indeed wonder whether they should just stuff their money in a good old-fashioned mattress. Low interest rates are a boon for businesses because they can borrow money on more attractive terms to purchase equipment, hire employees, invest in

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Monday, August 30, 2010 5:16 pm
By Marcie Geffner · Bankrate.com

Does the public have a right to know which U.S. banks might have failed if they hadn’t received bailout loans from the U.S. government in 2008? That’s the central issue behind a legal battle between the Federal Reserve, which prepared the analyses, and Bloomberg, which filed a Freedom of Information Act request to get the

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Wednesday, August 25, 2010 2:25 pm
By Marcie Geffner · Bankrate.com

Bank mergers and acquisitions present customers with a dilemma of whether to stay or flee the new bank that gets possession of their accounts. Customers are smart to do some research into the new bank’s fees, services, rates and policies before they decide whether to accept the new status quo or switch to another bank

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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

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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,

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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

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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

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