There are a lot of people who are dependent on the Internet when it comes to banking. Instead of going down your local branch, it gives you the convenience of sitting on your office desk or at home checking your savings account and managing it. It also gives you easy access to your own bank account. No more waiting for the mail to know how your savings account is doing …

We all know that with the recent changes in the financial regulation system which was discussed by the congress a few months earlier changed some of the banks’ ways in handling their accounts. One of the most common changes that was noted and picked up was charging fees to previously free checking accounts. They are now charging a monthly fee to maintain the account and emphasized that there will be …

The importance of the new overdraft protection instituted by the Federal Reserve can very easily be realized when we think of the situation we may later face as consumers using debit cards. Since debit cards are not covered by overdraft protection anymore, logical things we might do include stopping to buy things not needed, discounting the regular purchase of our guilty pleasures, etc… But of course we have more things …

New financial regulations have been established by the congress limiting banks from doing business with other merchants the way they used to. Now, they are only given a lesser percentage on how much they can engage in trading meaning they will only be restricted to use an amount to earn profit unlike before that they can bet whatever amount that they can to gain more. The limitation suggests a standardized …

In the banking industry, it is starting to get difficult in finding free checking. With the limits that the financial regulation system provided, it would be hard for banks not charge fees on the services that they were not charging before because it would definitely cause them to lose revenue. Some banks however, still has in essence, a free checking but this is only attainable if you opt in certain …