Category: Banking

The Best of Both Worlds

For many the thought of banking without having a physical location (also known as a branch or a brick and mortar location) to go to is unthinkable. They cannot imagine not seeing a person to hand their deposits to or not going into an office to ask questions and/or to discuss their account with a […]

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How To Outsmart the Bank

We have all seen the offers with introductory rates or free trial periods. They are available for various products including credit cards, cable television and online shopping websites. Banks make offers to open a new credit card with a 0% introductory Annual Percentage Rate (APR) for one year. There are also offers to transfer the […]

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Where’s My Money?

The principles for borrowing money from someone you know are the same as the principles for borrowing money from a bank. You ask for a loan, they give you the money, and you pay them back – when you said you would. The person you know and the bank both hope it will go in […]

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We’re Running a Special Today!

In my opinion, there are two types of Bankers, Relationship Oriented and Sales Oriented. If I asked you which one you would choose, most of you would probably say “Relationship Oriented.” Who wouldn’t want a Relationship over Sales? It even sounds better. Sales Oriented Bankers know that, so many of them put on a disguise […]

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Avoid Embarrassment

One of the reasons bank customers with checking accounts are willing to pay an average of $33 every time they have an overdraft is because they want to avoid embarrassment. Of course, average means that some Overdraft Fees are higher (as much as $39) and some are lower (around $25). Either way, that is a […]

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You Want To Put Money Where?

When I started in banking over 30 years ago, there was mainly one card that was used by customers. That was a credit card. Today with the decreased use of checks and the increase in alternatives to banking, there has been an increase in the types of cards available to customers. In addition to credit […]

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Is a Credit Union a Small Bank?

During my many years in banking I worked for several banks. Some were big, national banks and some were small, community banks. Some were service oriented and others were sales oriented. Some said they were service oriented but were actually sales oriented. Why would they say that, you may ask? Because a service focus is […]

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Love and Money Do Not Mix Well

In my humble opinion, “Until Death Do You Part” is associated with marriage and not other romantic relationships. What am I talking about you may ask? Sometimes boyfriends and girlfriends think they will be together forever, so they give each other privileges that I think should be reserved for marriage when there is a more […]

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Protect Your PIN Like Your SSN

It has always been important to protect your Social Security Number (SSN). It has become even more important with the increase in identity theft. You should keep your Social Security Card in a safe place, away from unsuspecting eyes, unless you need to have it for a specific purpose such as employment, account opening, or […]

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Looking For Love Can Cost Alot!

Graying hair, increased wrinkles, and slower steps are signs of aging and cause many to give more respect. Unfortunately, for others they are signs of vulnerability and opportunity. According to research millions of seniors are targeted for financial scams every year. That is so sad. There are several scams they fall prey to including funerals, […]

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