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Foursquare Set to Accept Check-in-Deals and ATM-cum-Debit Cards to Boost its Longstanding Revenues

According to the company, the idea behind such program was to make the situation less uncomfortable than to displaying the mobile phone in front of the cashier or pulling out a paper coupon. Being less clumsy and easier, Foursquare expects more individuals to join the program. Hence, the check-in-deals program has been opened to all Foursquare users, “making everyone happy.” According to Noah Weiss, Foursquare product manager, when the users enjoy a remarkable experience checking and redeeming the deals and subsequently, the merchants earning more revenues, it automatically drives more money for the company.

However, this is something that the company needs to think more seriously as it focuses on growing and expanding its business. No wonder, the c ...

Why Open a Brokerage Checking Account

Brokerage firms have simply shown a new light among these existing alternatives. There are certain compelling reasons, which make a person sit up, take notice, and wonder why they have not considered this option until now. Here below are some of the positive aspects of brokerage checking accounts.

No branch visits needed

Just as the online banks operate without any branches, brokerage firms also follow more or less the very same concept. The clients can get on with their banking transactions for any length of time without ever visiting the physical location of the concern. Everything happens on the digital plane. Withdrawal of money is possible at any ATM whether part of a bank or one among the network. This is possible because of tie-ups between brokerage firms and ATMs. In order to attract customers, certain firms may offer incentives such as fee reimbursement on the ...

Discover Introduces a Checking Account, Dealing with Disputes Related to Credit Cards

Besides the recent launch of checking account, currently the working of Discover has gone beyond the plastic to encompass student loan, mortgages, money market account, and deposit certificates. The company is wooing the customers and encouraging them to opt for their checking accounts with a number of incentives. For example, one can earn a 10% reward for each check, bill payment, or purchase of debit card. Customers can also go for, free paper checks. One of the reasons why credit card companies like Discover are able to provide free accounts since they do not have costly infrastructures to maintain or deal with the myriad complexities related to maintaining bank branches.

Those who believe in online banking can surely benefit immensely from this new endeavor from Discover.

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Brokerage Checking Accounts tend to be More Viable Choices than Regular Checking Accounts from Banks

The term “brokerage” brings to mind mutual funds and stocks, and hence, most of them are unaware that checking accounts can also come with brokerages. However, according to a new study, brokerage checking accounts is often a much better option that regular ones offered by banks. The reasons for considering brokerage to open a checking account are:

Eliminate the expensive monthly fees: Today, there are only few banks who offer free checking accounts, having no strings attached. This means regular monthly fees is a must to keep the account running. However, checking accounts from different brokerages don’t come with a monthly fee, which is one of the most important reasons for many consumers opting for brokerage checking accounts than regular one ...

Bank Fee Soars With Decline Of Free-Checking Offers

The average maintenance monthly fee related to checking non-interest accounts is $5.48. This was a 25% hike compared to last year's situation. Similarly, the fee for overdraft is also at a record all-time high. With fees going up, free checking is gradually becoming an extinct service. All the indications point out that this trend is going to continue for the time being.

Today is miniscule 39% major U.S. banks are offering a non-interest checking account having no fee. This is a miserable figure from staggering 76% just three years back. In 2011, it was 45% and from then on words there is an ongoing steady decline.

The Reasons:

This is a result of the federal regulations, which reduce bank revenues from debit card swiping fees and overdraft fees, and the bankers are responding to this. Free checking account is simply a casualty of new ba ...

Bank Rates Soar High Followed by Decline in Free Checking Accounts

In the current market scenario, the fees for monthly maintenance of non-interest checking accounts have hit a remarkable rise of $5.48, which is a whopping 25% leap from the figures last year. The monthly fees for bank overdraft have also reached its peak high, with an average fee of $31.26 for Non-Sufficient Funds. The figures this year have also made a good jump from $30.83 bank rate last year. Further, the fees payable for using Out-of-Network ATM services have also risen dramatically. Now, ATM users have to pay $2.50, which is an unprecedented high of 4% from that of the last year. In addition to this, one has to pay another $1.57 to the bank, a tremendous hike of 11% over the rates last year.

With the bank fees soaring at a fast pace, Free Checking Accounts, the ones with no conditions for minimum balance or ...