Category Banks/Banking

TRADITIONAL BANKING IS FOR THE RICH (AS REPORTED BY GILLIAN B. WHITE ON WWW.THEATLANTIC.COM)

Often, when we hear about the problems of access in today’s banking system, we are hearing about developing nations, rural lands without proper infrastructure and technology to support modern banking. But we ignore the fact that for many Americans, the changes in the banking system have been enough to leave them out in the cold […]

Save Money by Switching to an Online Bank (as reported by Ismat Sarah Mangla on www.qz.com)

Online banking is officially here to stay. Over the last ten years, online banks are the only banks to show consistent and significant growth in new customers. More and more people are moving their savings accounts, checking accounts, and credit cards to new banks without a physical location. But why? One reason is that because […]

Finance and Marriage (as reported by Michael Chamberlain on www.forbes.com)

Marriage is a defining moment in one’s life. It is also a time, though most people choose to believe otherwise, when personal finances take on even greater importance. The reason why is that two people with two separate financial situations and views are now joining together. The most important thing couples can do before they […]

PERSONAL FINANCE 101: WHAT IS A CERTIFICATE OF DEPOSIT? (AS REPORTED BY SAUNDRA LATHAM ON WWW.THESIMPLEDOLLAR.COM)

Certificates of Deposit, commonly referred to as CDs, are a type of account or investment vehicle sold by banks and other financial institutions. They are unique in many ways to regular savings or checking accounts, as well as other investment vehicles, like stocks and bonds. For savers who want to earn higher interest rates on […]

Microcredit helping to ease poverty in American cities (as reported by Shaila Dewan with the New York Times)

The concept of microlending is an idea that many of us have only a passing knowledge of.  Perhaps you or someone you know has established an account with an organization like Kiva to lend funds to aspiring entrepreneurs in a developing country. These days micro lending is no longer focused on just the developing world. […]

The Importance of Shopping Banks (as reported by Pinyo on Moolanomy.Com)

It used to be that you did business with the local bank in your town. You didn’t have much to choose from, so you took what you could get. But in today’s world, you can choose a seemingly endless supply of banks, both online and off. So, to be truly financially responsible, it’s important that […]

Banks as the New Community Centers (as reported by Charles Passy via marketwatch.com)

In the age of online banking, some banks are implementing new ways to lure in existing and potential customers to their neighborhood branch. In an effort to become more community friendly, banks are hosting events and offering little perks to make visiting a branch a more enjoyable experience. To read more about this new strategy, read the full […]