Current Events and Banking Industry News

Should You Steer Clear of Bitcoin?

September 30, 2014

Bitcoin, the trendy digital currency, garnered some negative press in August when the U.S. Consumer Financial Protection Bureau warned about its potential pitfalls, like unpredictable exchange rates, hackers and scams. Despite these concerns, the consumer [...]

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Green Dot Helps Wal-Mart Dive into Low-Fee Banking

September 24, 2014

Wal-Mart Stores, the nation’s biggest retailer, is jumping into banking with the help of Green Dot, which also provides prepaid debit cards to the chain. With GoBank, Green Dot provides a low-fee checking account that [...]

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Apple Pay Bank Partners Push Digital Wallet Despite Fee

September 24, 2014

Between email blasts, full-page magazine ads and website banners, big banks are promoting Apple’s Apple Pay to their customers and highlighting their cooperation with the technology giant on its mobile wallet since the service was [...]

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Lenders Step In With Student Debt Relief Offerings

September 23, 2014

For people saddled with federal student loans, the government might not be able to offer lower interest rates or simpler repayment systems – but banks and credit unions might. Citizens Financial Group recently announced that [...]

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Checking

Digital Payments Drive Declining Paper Check Use, Citigroup Says 

September 23, 2014

Checks continue to lose favor among Americans who increasingly prefer electronic payments, according to a study released by Citigroup. The survey shows 38% of U.S. consumers pay monthly bills through online and mobile channels, surpassing the [...]

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Is Overdraft Protection Must-Have Coverage?

August 21, 2014

You don’t have to be broke or even bad at managing your money to occasionally overdraw your bank account. With 90% of American adults using checking services, overdrafts are relatively common. Despite this, new research [...]

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P2P Online Payment Systems Cut Costs and Hassles

August 4, 2014

For better or worse, new technology makes sticking your friend with the restaurant check or shirking your share of the monthly bills much harder these days. As using person-to-person (P2P) online payment systems mean moving [...]

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New Account Bonuses Draw Bank Hoppers Trying to Cash In

July 25, 2014

Gone are the free thermoses and knife sets that once rewarded new checking or savings accounts. Now, banks and credit unions are using cash to attract depositors. The incentives may convince some people to switch [...]

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Rates

Alternatives to Jumbo CDs

July 10, 2014

Getting a jumbo certificate of deposit (jumbo CD) from a bank used to be an attractive option for many people looking for a risk-free way to invest a large amount of savings. But today, because [...]

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When to Consider Getting a CD for the Kid

June 30, 2014

Instilling a sense of financial literacy in children is a valuable life lesson. Having a piggy bank is a good start for teaching the young ones about saving, but as your children get older and [...]

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Rising-Rate CDs Explained

June 30, 2014

Investors in certificates of deposit (CDs) typically give up the flexibility to move funds freely in exchange for higher interest rates than they can get on savings accounts. But with rates for CDs near record [...]

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Who Uses Certificates of Deposit Anyway?

June 20, 2014

Since interest rates on certificates of deposit (CDs) have dropped during the past few years, a decline in popularity for the savings instruments should come as no surprise. However, this begs the question: Who still [...]

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Banking FAQs

Young Americans’ Financial Literacy Skills Targeted for Improvement

September 26, 2014

You may have heard some buzz around the term “financial literacy” from the media lately as reports show young Americans score low on exams testing their knowledge of key concepts. As a result, government authorities [...]

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Best Apps to Find Free ATMs Near College Campuses

September 24, 2014

When you’re at college, chances are you need some cash from time to time. While schools all have automated teller machines on campus, they may come with hefty surcharges for withdrawals. When you use an [...]

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College Students Should Know About These Bank Services

September 23, 2014

For college students, money management can be daunting. Freshmen may just be looking to open their first bank accounts. Seniors, casting an eye toward what comes next, may focus on trying to save money. For [...]

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NerdWallet’s #CUFinLit TweetChat Shows How Credit Unions Help Students Learn

September 17, 2014

NerdWallet’s Banking team recently held a TweetChat focusing on the ways that credit unions currently work to improve financial literacy for high school and college-age students and how those efforts can improve in the future. The [...]

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