Consumer loyalty to one bank is not what it used to be. One of the main reasons for this is a four letter word that starts with F. FEES… These days choosing the wrong financial institution can cost you hundreds a year in fees. Checking accounts offered by mega banks have increased most fees in recent years. So
The act of switching to a new bank or credit union has traditionally been anything but easy. Technology is changing the standard and is making it less difficult to start a new relationship with a financial institution. Digital account opening combined with services like clickswitch are leading the way to help consumers redirect their automatic
It’s hard to predict when an unexpected cost is going to pop up without warning. Whether it’s a home repair or a surprise medical bill it’s always better to be prepared ahead of time. There are a number of ways an emergency fund can help you financially. Here are just a few that are important
It’s that time of year again when resolutions are made by many of us with good intentions. Instead of making another claim to hit the gym more try a resolution that you will actually see through. Get your finances back in shape! By being a little more responsible you can get your spending under control.
The shopping season is in full swing and great “deals” can be found pretty easily. Consumers are expected to spend 5% more in retail shopping than they did last year according to Forbes. Spending money comes easy to most Americans, but when it comes to saving it many are struggling. A recent survey by CFSI
Some of the largest and most used banks in the United States continue to use confusing terms, lengthy disclosures, and even fraud to collect fees. Recent tactics like those of Wells Fargo opening accounts without their customer’s consent adds fuel to the fire that burns for the hatred of fees. A recent study from NerdWallet found just how much consumers underestimate
It’s no secret that most banks collect fees for their services as a form of income. As interest rates remain low the cost of account fees has a real impact on your ability to save. If you’re looking for a new checking account make sure cost of fees is a high priority. Thanks to technology
The average person doesn’t think much about their checking account unless they are paying for unwanted fees or getting bad service. As interest rates start to slowly increase again it may be time to re-evaluate your checking options. There are three categories when it comes to checking account providers. There are an increasing number of
Financial institutions have been increasing the cost and number of fees in recent years. Bank of America recently decided to eliminate a low-cost checking account and force some customers into an account with a $12 monthly fee. The actions of Bank of America led to over 50,000 consumers signing a petition of disapproval on change.org.
When it comes to the size of your financial institution is bigger really better? The answer may surprise you. The majority (66%) of people would rather bank at a community bank or credit union – this includes 59% of people already doing business with a megabank, according to the 2015 Consumer Banking Insights Study. It pays
