Common Online Banking Services
In general, online banking institutions have many of the same types of services as those provided by ‘bricks and mortar’ facilities. Of course, you can’t walk into a local branch where the tellers know you… more»
What Is ACH And Why Is It Important?
The nationwide electronic network for banking and financial transactions in the United States is known as the Automated Clearing House or ACH. The ACH system is a batch driven system that processes both debit… more»
Online Banking Terms
Online Banking Terms
Before selecting any type of product or service, it is prudent to review and understand common terms and definitions associated with the subject so that you won’t be caught in a position of… more»
Where Do I Make An Online Banking Complaint?
Although both online and branch banking institutions are highly regulated in the United States, and consumer protection is provided by a myriad of other rules, procedures and regulations, errors do happen. When it… more»
Choosing the Right Bank Online
If you have decided to join the 21st century and selected online banking, there are some things that you should look for in the short list of banks you are considering. The important things are… more»
Should I Get An Offshore Account?
People choose to open an offshore account for many reasons. They may be looking for better rates. They may be taking advantage of more stringent privacy laws. The offshore account may be… more»
Online Banking Bill Pay
Bill pay offered through your online banking account is an increasingly popular service offered by most banks today. Electronic billing allows the bank account holder to transmit funds from his account, to a creditor such… more»
Reconciling an Online Bank Statement
Before the days of online banking, reconciling the bank statement used to rank right up there with getting a root canal, and it had to be done every month. The reason for the reconciliation… more»
Online Bank Account Privacy
Many individuals today are concerned about the loss of privacy in transacting business on the internet. At the same time, internet businesses are upgrading security locks and working to protect privacy of the customers… more»
FDIC - Who Needs It?
FDIC, the Federal Deposit Insurance Corporation is a United States government backed corporation that guarantees the accounts of bank depositors up to $100,000 if the bank defaults. The amount is increased to $250k if… more»
Online Banking Fee Information
Banks are in business to make money for their shareholders and depositors. This is the same motive as with any business. In years past, banks used to compete for the business of customers by… more»
Avoid Fraud in Your Online Bank Account
Although hackers may enter your bank account by using your password just to see if they can get into a so-called secure site, there are also those criminal types who hack into your account for… more»
What is Telecheck and Why Should I Care?
Telecheck was begun in 1964 as a group effort by several merchants to reduce or eliminate the increasing problems related to bad checks and attempting to collect them. TeleCheck, Crosscheck and ChexSystems are all service… more»
How to Write a Check
Checks are valid ways to pay for something. If you don’t have a checkbook or are planning to get one, you should learn how to write a check.
Step 1
Get your checkbook. Write legibly. Write the… more»
Credit Unions 101
Credit Unions offer an alternative to your standard pricey banks. Learn why a credit union might be a good alternative and the benefits this might give you.
1) Credit Union Introduction - What are they?… more»
What happened to Bear Stearns?
The recent collapse of the 85-year-old Bear Stearns Investment bank happened because there was a run on the bank and they ran out of cash! The share price crashed from $10.00 to $2.00 in a… more»
Debit Cards 101
Plastic debit cards look just like credit cards but they are not. Yea, they probably bear a Visa or MasterCard logo, but there is one huge difference! Debit cards work like checks. When you use… more»
Bank Alternatives - Buying Gold Coins
Historically governments have removed currency from any linkage to gold or other precious metals. Thus paper money has no real intrinsic value except the value people put on it. That is a simplification, but there… more»
Bank Alternatives - Social Lending Networks
The banks have taken a big hit because of the sub-prime lending crisis in the US Many are fighting to survive financially. It’s like some sort of big cull in the industry. Where the strongest… more»
Bank Alternatives - LETS Set up a System
LETS stands for Local Exchange Trading System. It is a system that sets itself up on a local level to provide an alternative to cash. LETS does not need people to make actual swaps. Each… more»
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