Finance Globe Blog

U.S. financial and economic topics from several writers.

Basic Benefits of a Credit Union

Basic Benefits of a Credit Union
Have you ever found yourself comparing a local credit union to a local bank? If so, you have come to realize that there are benefits of doing business with both. Even so, some people continue to ignore the advantages of a credit union because they are unfamiliar with what this type of financial institution can do for them. Below are three of the most basic benefits of a credit union. These may not be enough for......
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Frank
I have a mortgage with a credit union and love it. They are friendly, I personally know who I am dealing with, and its a great rel... Read More
Tuesday, 24 January 2017 17:27
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7 Reasons to Use Your Bank's Mobile App

7 Reasons to Use Your Bank's Mobile App
Thanks to innovation with mobile applications, you manage your bank account with convenience and ease without ever having to visit a bank branch again. Check out just a few things you can do when you download your bank's mobile app to your smartphone or tablet. Check your balance and account history. If you have a smartphone with data access, there’s no reason you shouldn’t know your bank account. You can simply tap your mobile banking app, enter you......
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Frank
I get checks now and then, and hate to go to the bank. I use my mobile app for all of the check deposits. It is great!
Tuesday, 24 January 2017 17:11
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What to Do If You Overdraft Your Bank Account

What to Do If You Overdraft Your Bank Account
We all like to keep our bank balances high enough to cover the transactions we made. Unfortunately, there may come a time or two when that's not the case. Maybe you weren't keeping up with your balance and accidentally overspent or perhaps you thought a deposit would clear sooner than it did. Many banks will do you a favor and pay these overdraft transactions for you, but this courtesy isn't free. Each time the bank pays a transaction......
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Frank
Many banks will help you out if this is the first time this has happened to you. As Latoyairby mentions above, call your bank imme... Read More
Tuesday, 20 December 2016 11:59
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Why You Should Keep a Buffer in Your Checking Account

Why You Should Keep a Buffer in Your Checking Account
If your checking account balance frequently approaches or zips below $0, you’re not managing your account well. Low checking account balances can be stressful and put you at a high risk of overdrafting. Maintaining a minimum balance in your checking account, a buffer so to speak, can benefit you in several ways. Avoid monthly account maintenance fees. Gone are the days of free checking accounts. Many banks now charge a monthly fee on even the most b......
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Wanderer
Great advice with options to manage a successful checking account and financial institution relationship. As an add on, you could ... Read More
Saturday, 01 October 2016 17:58
Frank
A buffer is an absolute must. No matter how diligent you are in tracking your income and expenses every month, there are going to ... Read More
Wednesday, 26 October 2016 09:42
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3 Easy Ways to Avoid Double ATM Fees

3 Easy Ways to Avoid Double ATM Fees
Using your debit card at the ATM is one of the fastest and most convenient ways to get cash from your checking account. Unfortunately, convenience usually comes with a cost you may be hit with a fee for the with and in some cases, you could even be charged two fees! ATM owners set the fees for withdrawals. The owner of an ATM could be a bank or even an individual. You can typically avoid ATM fees by using......
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Frank
I hate ATM fees! I use a national bank so I am usually able to find an ATM in its network, but when I do not, I do get charged a d... Read More
Tuesday, 08 March 2016 09:21
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The Most Basic Questions when Opening a Bank Account

The Most Basic Questions when Opening a Bank Account
Has the time come to open your first bank account? Are you interested in opening another account with a bank you already do business with? Regardless of your situation, you need to be patient as you learn more about your many options. Assuming that one bank account is the same as the rest would be a big mistake. For example, there are many differences between a checking and savings account. The same holds true when you......
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Frank
I would never advise to open a bank account, especially your first, with fees. Most banks waive those fees as long as you meet cer... Read More
Friday, 29 January 2016 09:36
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4 Reasons to Have Multiple Bank Accounts

4 Reasons to Have Multiple Bank Accounts
For many people, one checking account and one savings account may sound like plenty of bank accounts, but it may not be enough. Having multiple bank accounts may help you manage your money better. And for the wealthy or high-income earners, multiple bank accounts can offer more protection. Here are a few reasons to have more than one bank account. Different accounts for different purposes. Putting your money in separate accounts can prevent the mistake of spending money......
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Frank
I would overall agree having multiple accounts have help for certain situations and people. One thing to consider is if you are no... Read More
Wednesday, 28 October 2015 09:03
latoyairby
I definitely agree, if managing multiple accounts gets too confusing, it's better to stick with one account. Maybe get used to hav... Read More
Saturday, 31 October 2015 13:09
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3 Reasons to Close a Bank Account

3 Reasons to Close a Bank Account
Some people have one bank account, but others have many. If you have multiple accounts, there may come a point when you realize that one or more is no longer doing you any good. At that point, you have a decision to make: will you close the account? Here are three reasons to close a bank account: 1. Too many fees. This has nothing to do with how you use the account, but everything to do......
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Frank
I would like to emphasize point 3. I have helped many people organize their finances, and people feel hopeless because their finan... Read More
Wednesday, 16 September 2015 09:00
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Don’t Choose Just Any Bank, Find the Best One for Your Money

Don’t Choose Just Any Bank, Find the Best One for Your Money
It doesn’t matter why you are seeking a new bank. The only thing that matters is that you make the right decision at the right time. It is easy to believe that all banks are the same, but nothing could be further from the truth. You have to find the best one for your money, and doing so means answering the following questions: •    What is unique about each bank?•    What does the bank offer from a saf......
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Why it may be Time to Find a New Bank

Nobody wants to find a new bank, however, you could end up in this position for a variety of reasons. Here are three times when it makes sense to find a new bank: 1. It is no longer convenient. For example, if you move from one community to another, it may be a hassle to do business with your old bank. Even if you enjoyed your experience, it is probably time to move on. Fortunately, there......
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