When traveling abroad, you have to worry about exchanging your money for foreign currency. If you thought that using your credit card would be an easy way to circumvent this chore, think again.
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Q: I have a MyAccess Checking account with Bank of America. Last month, I was hit with a $12 monthly maintenance fee even though my account balance was $1,500. I called up customer service and the representative just recited the ways that I can avoid the fee. I checked the personal schedule of fees and
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Lets face it: cash isn’t going anywhere soon. Despite many attempts by the mobile payments industry to wean consumers off their trusted paper currency, cash hasn’t shown signs of surrendering. On the other hand, cash registers are more welcome to change as major companies give makeovers to these clunky machines.
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Not long after Senator Elizabeth Warren unveiled a proposed bill to reduce the rates on federal student loans to 0.75%, another bill has been proposed to address the mounting costs of college debt. However, this bill isn’t as good as Warren’s. But, we’re seeing increasing attention paid to the large financial burden held by college
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Like the common folk, President Barack Obama has to worry about where to bank, what to invest in and how to provide for the family. This week, Obama disclosed his 2012 financial accounts, as required by the Ethics in Government Act of 1978. Based on the released financial documents, he appears to be a simple
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In the past month, the story hasn’t changed: savings rates continue to slip. Since mid-April, the national savings rate average fell from 0.30% APY to 0.29% APY. The drop can be attributed to significant rate cuts that occurred at some of the most popular online banks.
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Google treads forth in its journey to find a place in the payments world. At its I/O 2013 conference, the tech giant said that Google Wallet will integrate with Gmail accounts so that users send money through a simple email. In banking, the feature is the equivalent of person-to-person (P2P) payments.
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Q: My wife and I filed our tax returns jointly and we received a tax refund check that was written out to both our names. We do not yet have a joint bank account. Is it possible to deposit the tax refund check into one of our own checking accounts?
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When it comes to credit cards, it is never a smart move to carry a balance because interest charges will extend the time that it takes to reduce your debt. However, not everyone can avoid a credit card balance.
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Drivers can breathe a sigh of relief as gas prices are expected to fall this summer. Rising crude oil inventories, lower consumer demand and the economy’s gradual recovery were pointed out as reasons for the declining gas prices.
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