Recently, I was asked about credit cards and banks by a friend of mine. I told her about credit unions and why I thought they were so much better than banks. For a brief review, you can read my article about the credit union revolution. A few days later, I received the following email, which [...]
Entries Tagged as 'direct deposit'
A Happy Ex-Bank Customer Speaks About Her Desertion
February 5th, 2010 · 1 Comment · Banking
Tags: banks·Checking Account·Credit Cards·credit unions·direct deposit·Mastercard·power of attorney
High Interest Rate Checking – Myth or Reality?
November 11th, 2009 · 1 Comment · Banking
With savings accounts paying an average of under 1% interest, and the volatility of the stock market, there aren’t many good places left to put your money. Good news, there’s a new banking program out there which may be a good option. When I first read about high interest checking accounts, I thought it was [...]
Tags: ACH transfers·ATM·Checking Account·debit charges·direct deposit·Fees·high interest rate checking·minimum balance·Savings account
Direct Deposit Advance Loans – Aren’t They Payday Loans?
April 15th, 2009 · 13 Comments · PayDay Loans
Regional banks U.S. Bancorp and Wells Fargo & Co. offer “checking account advance” loans that allow customers with direct-deposit accounts to access funds before they are credited to a customer’s account balance. The short-term loans carry annual interest rates of about 120%. Doesn’t this sound familiar? Payday Lenders can also “advance” you money in your [...]
Tags: direct deposit·FDIC regulations·Interest Rates·Payday Lending·US Bank·usuary laws·Wells Fargo
Your Social Security Check Sent Via Debit Card?
September 10th, 2008 · 22 Comments · Debit Cards
Social Security recipients can now get monthly payments on a prepaid debit card. If you don’t have a bank account, your days of dealing with paper checks are over, including fees involved like there are with paper checks. The Direct Express Debit MasterCard is being rolled out in all 50 states (the initial roll out [...]
Tags: Check Cashing·Comerica Bank·Debit Card·direct deposit·Direct Express·No Fees·Social Security Check
