Finance Globe

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

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...
Continue reading
  3105 Hits
  1 Comment
Recent comment in this post
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
3105 Hits
1 Comment

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...
Continue reading
  3799 Hits
  2 Comments
Recent Comments
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
3799 Hits
2 Comments

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...
Continue reading
  7327 Hits
  1 Comment
Recent comment in this post
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
7327 Hits
1 Comment

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...
Continue reading
  2991 Hits
  0 Comments
2991 Hits
0 Comments

3 Things to Look for in a Checking Account

3 Things to Look for in a Checking Account
As you search for a bank that can help you open a checking account, many questions will come to mind. While it is easy to believe that one bank and account is the same as the rest, nothing could be further from the truth. Your job is to make an informed and confident decision, and this often times means spending some time researching all your options. As you do so, keep these three tips in mind:...
Continue reading
  3377 Hits
  0 Comments
3377 Hits
0 Comments

Technology and Banking: Your Strategy is Changing

The way you bank today may not be the same way you did so five years ago. This is definitely the case when you take into consideration the strategy you employed a decade or so ago. Technology is changing the way people bank for the better. Although you may have to alter your approach to take full advantage, once you are onboard with the “latest and greatest” it will not be long before you realize that...
Continue reading
  3627 Hits
  0 Comments
3627 Hits
0 Comments

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 are sure to...
Continue reading
  2974 Hits
  0 Comments
2974 Hits
0 Comments

Overlooked Benefits of Online Banking

Many years ago, nobody would have given online banking a second thought. In today’s world, with so much advanced technology, this is something millions of people have fallen in love with.Most people are familiar with the primary benefit of online banking: convenience. However, there are many other reasons to experiment with this type of banking.1. No more waiting in line. Can you think of anything more frustrating than waiting in line at your local bank, all...
Continue reading
  3139 Hits
  0 Comments
3139 Hits
0 Comments

Is your Local Bank the Right One for you?

Choosing a local bank is a big decision. While some people stick with the institution they have relied on for many years, others are open to making a change if it makes sense to do so.Do you have the feeling that your current bank could improve in some areas? If so, now may be the time to consider all your options. You don’t want to jump the gun just yet, but if you find another bank...
Continue reading
  3263 Hits
  0 Comments
3263 Hits
0 Comments

Why One Local Bank may be Better than the Rest

Are you in the process of comparing local banks, hoping to find the one that is right for you? If so, you know you have many options – this is particularly true if you live in or around a large city.While it is easy to believe that all banks are the same, for the most part, nothing could be further from the truth. Your job is to compare your options, focusing on the pros and cons,...
Continue reading
  3067 Hits
  0 Comments
3067 Hits
0 Comments