Banking

Banking institutions have gotten a bad rap in recent years. Consumers have moved their money and changed banks hoping to receive truly free checking, better customer service or small monthly maintenance fees. 

Q: Since we moved back to Brazil, our bank account was changed to another bank because we don’t have Citibank here where I live. I am receiving Social Security benefits directly through the bank HSBC, here in Brazil. My question is: I just received a letter telling me that my Social Security payment for May

Summer is almost here and a nice tropical getaway with gorgeous resorts and sunny beaches seems to be on everyone’s minds. But, as we all know, travel is expensive, which why many financially-responsible consumers have turned to credit card bonuses to minimize the travel expenses. Some people redeem miles for the entire cost of their

In May, banks continued to drop the rates on certificates of deposit (CDs). National CD rate averages for terms from 24 months to 60 months fell 0.02% APY across the board.

Q: I hear that it is much easier to focus on saving when you have different savings accounts for separate goals. Should I open multiple accounts to utilize this savings strategy?

According to the FDIC, 8.2 percent of U.S. households don’t have a bank account. As the financial industry takes notice of the large market for alternative options, prepaid cards have boomed. Now, there are a sea of prepaid cards from which to choose.

If there’s even the slightest chance you’ll overdraw your account, it might be a good idea to look into signing up for overdraft protection. Many banks offer the overdraft protection transfer service to offset the hefty overdraft fee that customers incur once they charge a purchase larger than their available balance.

Rejoice, as the long wait for a holiday is finally over! (It’s been three months since the last federal holiday, Presidents Day.) Memorial Day, when we honor the brave men and women who died during military service, is just around the corner.