Published 7:01 am CDT, Thursday, August 15, 2019 Image 1 of / 1 Caption Close Image 1 of 1 Time to think harder about your checking account 1 / 1 Back to Gallery (BPT) - When we imagine “financial literacy,” we often think about credit cards, loans and debt. But these building blocks of our financial infrastructures tend to cloud our perspective, pushing important details, like checking accounts, to the sidelines. Checking accounts are often overlooked but are actually the backbone of personal finance and money management. Routinely using a well-kept checking account allows people to responsibly spend their money. For many, checking accounts are often children, teens and young adults’ first financial accounts, and serve as an introduction to money management and responsible spending. Because checking accounts are so important, it’s critical that individuals find options that work with their … [Read more...] about Time to think harder about your checking account
Banks offer free checking accounts
One of the good things about getting older is that you find a myriad of deals and discounts aimed toward seniors and often people several years younger than the typical retirement age. Even your bank might have something for you.Some banks offer special “senior checking” accounts that can come with attractive perks. But these accounts also can have drawbacks that should make you think twice. Here’s how to decide if a senior checking account is worth it for you.What is a senior checking account?Checking accounts for seniors are similar to regular checking accounts, though typically it’s easier to avoid annoying fees. You might qualify for senior checking as early as age 50 or 55. The accounts can offer a multitude of benefits, including:Waived account maintenance feesInterest on your depositsNo overdraft feesFree checksDiscounted or free safe deposit boxesFree personalized financial adviceDiscounts on movie ticketsThese perks might be very appealing to you, … [Read more...] about Should you get a senior checking account?
Elizabeth Aldrich, provided by Published 4:30 pm CST, Tuesday, February 12, 2019 The Insider Picks team writes about stuff we think you'll like. Business Insider may receive a commission from The Points Guy Affiliate Network. Credit Wise FICO announced a new credit scoring model that could result in a credit score increase for 33 million Americans. To find out whether or not your credit is on the rise, you'll need to start monitoring your credit score. Here are five credit cards that offer free credit score monitoring services — and lucrative rewards, whether you're looking for travel points or cash back. Credit scores are crucial to your financial health. While an excellent credit score — 800 or above — will save you thousands of dollars on a mortgage or auto loan, a bad credit score can wreck your dreams of purchasing a house or car at all. Luckily, credit scores aren't forever. It's always possible to build or rebuild your credit — and thanks … [Read more...] about 5 credit cards that offer free credit scores — and lucrative rewards
Holly Johnson, provided by Published 3:16 pm CST, Wednesday, December 26, 2018 The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. iStock Many online banks offer checking accounts with lower ongoing costs and better rates than you'd find at a traditional "brick-and-mortar" bank. Some online banks even offer a sign-up bonus for consumers who open a new checking account and meet certain requirements. Make sure to compare accounts in terms of their benefits, fees, and functions before you sign up. If you're in the market for a new checking account because your current one has let you down, you may be inclined to sign up with another bank down the street. You're already familiar with the company and you may even drive by one of their branches every day, so why not choose a local bank for your checking and savings needs? There's nothing wrong with … [Read more...] about A new online checking account can help you avoid fees and get better rates — here’s how to find the right one for you
provided by Published 3:00 pm CST, Tuesday, December 25, 2018 MoneyTips Life can be hard without a checking account. It becomes more difficult to pay your bills and handle daily money transfers without resorting to handling cash and dealing with check-cashing outlets that can take a significant cut of your funds. Unfortunately, you can be denied a checking account for a negative association with one of your past accounts, such as a previous closed account with an unpaid negative balance or a joint account that was abused by the other party. What should you do if you are denied a checking account? Take a deep breath and start your path to redemption using these five tips. 1. Find Out Why You Were Rejected – Ask the bank why you were turned down and what system they used to verify your past records. ChexSystems, TeleCheck, and Early Warning System all provide services to banks looking to research an individual's checking account history. You were likely denied … [Read more...] about 5 Steps To Take If Turned Down For A Checking Account