banking

Scottrade, a well-known investment company, recently experienced a series of online attacks resulting in a major data breach. During this breach, information from 4.6 million clients was compromised. This mainly affected customers who signed up for a Scottrade brokerage account before February 2014. Hackers gained access to a large database containing information about Scottrade’s clients. …

Having a bank account is a given for most people in the U.S., and there are plenty of benefits to it beyond just safe money storage, credit cards, and loans. Many banks offer other free resources that you might not even know about. Your bank often serves as your first stop for learning about managing …

Not too long ago, I received a worrying message from my bank saying that my account had a negative balance, which, of course, resulted in an overdraft fee. Has this ever happened to you? It’s surprising how often this occurs, even when we think we have our finances in check. According to the Consumer Financial …

In India, banks offer two main types of accounts: savings accounts and current accounts. Savings accounts are great for managing personal finances, while current accounts are tailored for business activities. A current account functions similarly to a typical bank account but comes with some unique perks. Businesses, trusts, sole proprietors, and various associations frequently use …

Offset mortgages are gaining popularity, now making up 10% of new mortgages, mainly due to their flexible repayment options and convenience. These mortgages work by applying interest only to the remaining loan amount after subtracting any savings held by the borrower. These mortgages are particularly beneficial for those who have saved at least 8% of …

Capital One has made a strategic move by buying the U.S. credit card division from HSBC, a London-based bank. This acquisition, which includes more than $30 billion in credit card loans and store-branded cards, cost Capital One a $2.6 billion premium. In addition to this, Capital One has expanded its offerings by taking over the …

Teaching kids about money management is crucial, and knowing where to start can sometimes be tricky. A basic checking account is a good entry point since it’s something everyone needs as an adult. It’s helpful for parents to guide their teens in understanding checking accounts while they’re still living at home. Here are some tips …

Taking charge of your finances is really important. You want to make sure your bank accounts offer features like reasonable fees, competitive interest rates, and reliable account information, whether through monthly statements or online access. The perfect bank account should make transactions easy and help you keep track of your spending and manage your money …

People can find themselves in debt for a variety of reasons. When consumers use credit but don’t pay it back according to the terms, it becomes debt. This includes things like unpaid credit card bills, loans, and car financing. Even overdrafts can become debts if someone doesn’t bring their bank account balance back to positive. …

PerkStreet Financial has been getting a lot of buzz lately because of its attractive rewards checking account, which gets even better when you use the linked debit MasterCard. PerkStreet offers a free online checking account with appealing rewards. You can choose rewards like coffee, music, cash, or redeem them for gift cards from various vendors. …