When you buy insurance, the U.S. government typically doesn’t back your insurer’s guarantee or banking insurances. So it’s up to you to make certain that any company you consider is licensed to do business in your state. You can do this through your state insurance commissioner. Visit the website of the National Association of Insurance Commissioners (www.naic.org) for a list of state commissioner web addresses and phone numbers. (more…)

Over the years, seems people are having busier lifestyle. Online banking is one of the great new technologies to help simplify our personal finances. There are many great advantages of getting used to online banking. It is not only helpful but can also save your money and time. (more…)

Banking and checking account may be a confusing thing for you, since so many different banks offer wide range of alternative checking account.

Please note that not all banking checking accounts are the same accounts, everything depends on what you really want to do with them and their needs. (more…)

Today most banks and commercial services companies offer their customers banking insurances. This insurances are associated with credit cards, debit cards and checks. However, the National Consumer Service clarify that these policies serve as a complement and not to replace the responsibilities of financial institutions to make proper arrangement for the safety of their clients’ funds/money. (more…)

Banking institutions make it easy for people store and access their money. For millions of Americans financial institutions ensure that their money is safe and that whenever and where they may need it, they can access their accounts and draw out money for whatever purpose they see fit. (more…)

This is a true story. Recently, Chase cut my wife’s credit limit from $18,000 to $1350 or $23 greater than her existing balance of $1327. Initially we thought this was because of a “missed” payment but still, it seemed like an excessive penalty.

We do all our banking through Bank of America’s Online Banking program. The “missed” payment was the result of the payment being sent by the bank to the wrong billing address. After a number of calls to B of A’s customer service, the bank agreed it was their error, reimbursed us the late fee Chase charged, (more…)

I been in a waiting room and like always I picked a magazine from the coffee table to read. Often you can tell a lot about people just by what kind of magazines/books they read. Being interested in finance and related topics I picked an older magazine called Investment Executive’s Money Planner 2006.

I’m reading few articles and I arrived to this article called “Planned Exit” written by Yan Barcelo, (more…)

On general terms retail banking refers to typical mass-market banking in which individual customers use local branches of larger commercial banks. Retail banking aims to be the sole destinations where an individual finds as many as financial services possible catered to meet his needs.

As of late Retail Banks has also gone ahead and stepped into wealth management services, (more…)

A current account is the most common type of financial product: Most people have one. If you’re like the majority of account owners, you didn’t give much thought to what you want from a current account before signing up for one, which means your current bank account may be unsuitable for your needs. For example, if you frequently go overdrawn, you don’t want an account with expensive overdraft charges, or if your account is usually in credit you don’t want one with a poor rate of interest on current account balance. (more…)