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Joint bank accounts enable couples to set up a shared account . It is not intended solely for married couples to set up. A joint account can also be set up between relatives and friends. And because it is a shared account, people are advised to think carefully before trying to set up such an account with someone. There are advantages that may be involved with opening a joint bank account.
Joint accounts are more op... Archive for the ‘Banking 101’ Category
Joint Bank Account Basics
June 12th, 2010 1 Comment
Joint bank accounts enable couples to set up a shared account . It is not intended solely for married couples to set up. A joint account can also be set up between relatives and friends. And because it is a shared account, people are advised to think carefully before trying to set up such an account with someone. There are advantages that may be involved with opening a joint bank account.
Joint accounts are more op... 
Tags: Survey: The Bigger The Bank, The Lesser People Trust Them
February 15th, 2010 No Comments
A recent survey has shown that people become less trusting of banks the bigger they are. According to a report from Forrester Research, most of the biggest banks in the US lagged behind a survey that tries to determine bank trustworthiness among people today. The survey results showed that the bigger then banks are, the lesser the trust that people have on them.
The research survey involved ranking almost 50 financ...
Posted in Banking 101 Sneaky Bank Fees
October 7th, 2009 No Comments
With most banks and financial institutions today feeling the brunt of the global economic recession, many are trying hard to stay afloat. And with the US government getting close to installing several protective measures on consumer financial products, banks are concerned about where they will be getting most of their earnings next. With the government limiting their chances of increasing interest rates as much as ...
Posted in Banking 101 Dangers of Online Banking
January 28th, 2009 No Comments
Online banking provides the ease and convenience in managing bank accounts that some people may look forward to. Prior to the Internet revolution, people still have to travel distances and go personally to banks in order to avail of common services such as balance inquiries, money transfers and paying bills. But with the advent of online banking, things have changed. People can now avail of such services right in t...
Posted in Banking 101 Online Banking: Advantages and Disadvantages
November 28th, 2008 No Comments
Online banking can be considered as a relatively new service that many banks today are offering their clients and customers. With the Internet getting even bigger, the opportunities just got more attractive even for banks to be able to reach out to more and more people online. Online banking is just one way that banks can appeal to those people who wish to take advantage of the convenience that this new technologic...
Posted in Banking 101 Choosing Between a Credit Union or Bank
November 25th, 2008 No Comments
We all want to keep our money in the safest way where the risk of any kind of loss is lowest. You have the shoebox under your floorboard alternative, but this is not advisable. Instead, go for banks or credit unions. This is a great option to keep your savings safe and to make it grow. Here’s how to choose a credit union or a bank.
What type of bank best suits your needs?
Choose a bank that best fits your ne...
Posted in Banking 101 How to Conduct a Wire Transfer
November 25th, 2008 No Comments
There’s always a time when we have to pay something – whether it’s for healthcare, education, groceries, or services – and we have to send the money real fast. When handing out cash or sending a check are not options, you can always send the money through wire transfer.
Wire transfers are quick, cheap, and safe transfers of fund from one bank account to another anywhere in the world. A bank...
Posted in Banking 101 The World’s 10 Safest Banks
November 25th, 2008 No Comments
The special October issue of Global Finance magazine features this year’s World’s 10 Safest Banks alongside the magazine’s popular Best Bank awards. This is the 16th edition that the magazine has published a list of the largest and safest banks in the world ranked according to their creditworthiness.
The creams of the crop
Here are the world’s top 10 safest banks for 2008: France’s Gro...
Posted in Banking 101 Confirming Internet Bankings Legitimacy
November 17th, 2008 No Comments
Internet usage continues to expand, and that includes banking transactions. More and more banks and other financial institutions are using the Web to offer products and services, as well as enhance communications with their clients.
Although online banking is generally considered safe, convenient, and secure, that does not mean that you should be complacent against online predators who aim at getting y...
Posted in Banking 101 How Online Bill Pay Works
November 11th, 2008 No Comments
Online bill pay has become a popular service that many people have used on the Internet for added convenience. Through an online bill pay service, people may be able to conveniently manage various types of bills and never have to worry about paying them through other payment facilities.
Bills can now be paid online through the service, making it easier for consumers to do so and as quickly as possible. The headach...
Posted in Banking 101