banking

Data breaches have become so common that it’s impacting people like my husband and me. For instance, last year my debit card was compromised in the Target breach, and his was affected by the Home Depot breach. Our bank unexpectedly canceled our cards, causing a lot of hassle, especially since we didn’t have a credit …

If you’ve been constantly low on funds or have bounced a few too many checks, you might be flagged in ChexSystems. Banks use this database to keep track of customers who haven’t managed their accounts well or are behind on payments. So, if you’ve messed up with one bank, opening an account at another might …

Did you know there are 17 million people in the U.S. without a bank account? Many millennials think they don’t need one, even though trust in financial institutions is low. However, having a checking account is really handy for handling daily finances. Here are five good reasons why it’s important: 1. Proof of Payment with …

Recent data shows positive trends in the mortgage market, with a notable increase compared to the same time in 2011. The Council of Mortgage Lenders reported that gross mortgage lending last month reached £10.2 billion, a rise from April 2011’s £10 billion. Although this was slightly less than March’s impressive £12.6 billion, it’s clear that …

Is online banking better, or should you stick with a traditional, physical bank? Since 2011, around 700 million people have opened bank accounts. Many are now opting for online banking instead of local banks or credit unions. For me, online banking saves time, but I understand why some people prefer a traditional bank. If you’re …

Choosing whether to open a joint bank account is a decision many couples face, largely based on individual preferences. For my husband and me, having a joint account has been beneficial. It makes managing our household expenses or emergency funds more straightforward, even though we maintain separate accounts for our personal spending. A joint account …

Union Bank, ranking fourth among Californian banks with over $60 billion in deposits, is rolling out a new way for customers to manage their finances called ‘Banking By Design.’ Although Union Bank has branches in California, Oregon, and Washington, this new feature is only available to California residents right now. The user-friendly online platform allows …

Non-profit financial organizations designed for your benefit Even though millions of Americans belong to credit unions, there’s still a lot of confusion about what they actually are. Quick Guide Credit unions are non-profit financial cooperatives that serve groups sharing a common bond, like employees of a certain company, members of an association, or residents of …

Have you ever thought about how convenient online banking can be? I switched to an online bank a few years ago, and it’s been great ever since. Online banking isn’t just convenient—it’s often cheaper, too. Unlike traditional banks, many online banks don’t charge a lot of fees. Because they don’t have expenses like maintaining branches …