Obama Reveals Personal Finances: How Much Is His Debt?
May 17

Obama Reveals Personal Finances: How Much Is His Debt?

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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Savings Rates Report May 2013: Major Cuts at Online Banks
May 16

Savings Rates Report May 2013: Major Cuts at Online Banks

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 Wallet Comes to Gmail, Lets You Send Money Via Email
May 15

Google Wallet Comes to Gmail, Lets You Send Money Via Email

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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Simon Says: How to Deposit a Check Addressed to Two Payees

Simon Says: How to Deposit a Check Addressed to Two Payees

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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The Top 5 Low-Interest Credit Cards: Spring 2013
May 14

The Top 5 Low-Interest Credit Cards: Spring 2013

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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Gas Prices to Drop This Summer: 5 Things to Know for the Week
May 13

Gas Prices to Drop This Summer: 5 Things to Know for the Week

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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Google Wallet Cancels Plan for Physical Card
May 10

Google Wallet Cancels Plan for Physical Card

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.

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Checking Accounts Ditch Direct Deposit From Fee-Waiver Criteria
May 09

Checking Accounts Ditch Direct Deposit From Fee-Waiver Criteria

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

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Simon Says: Your Bank Account Was Labeled ‘Abandoned’
May 08

Simon Says: Your Bank Account Was Labeled ‘Abandoned’

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

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The 5 Best Secured Credit Cards: Spring 2013
May 07

The 5 Best Secured Credit Cards: Spring 2013

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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