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
Read »Simon Zhen
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.
Read »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.
Read »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?
Read »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.
Read »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.
Read »Last year, Google leaked plans to introduce a physical card that would be tied to its mobile wallet. The move was expected to help drive the adoption of Google Wallet, which has been struggling to gain traction in the world of consumer payments. Now, those plans have been put on the back burner.
Read »When it comes to avoiding the monthly fee on your checking account, you typically either have to receive a certain amount in direct deposits or a minimum monthly balance. Americans who have a tough time meeting these fee-waiver criteria are often deterred from getting a checking account with such requirements. Luckily, some banks are ditching
Read »I had a checking account with Bank One, opened 9 years ago in Colorado. In 2004, it seems Chase acquired Bank One. Chase told me they could not find my accounts and there’s nothing they can do about it. I was told that the account might have settled, closed out, or been escheated to the
Read »With little or poor credit, you’re most likely going to have a difficult time getting approved for an unsecured credit card. Oddly, to demonstrate your ability to handle responsibility, you need have line of credit, which puts you in a catch-22 situation.
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