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BankFox

BankFox

http://www.bankfox.com/blog/

Reviews, analysis, tips on consumer banking.

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  • International ATM Fees Differ Dramatically

    Posted on Wednesday November 11th, 2009 at 08:26 in financial education, bank advice

    Planning to withdraw money from an ATM next time you travel abroad? If so, check in advance how much your bank will charge you in fees. Financial institutions differ dramatically in their policies, and you may be surprised at how much you will ultima...

  • Should the Fed Raise Rates?

    Posted on Wednesday October 28th, 2009 at 15:36 in financial education, bank advice

    This year has been tough for savers. Record-low interest rates have made it difficult to grow money stashed in savings accounts or CDs, and many retirees have had to dip into their principal savings because their interest earned hasn’t been enough ...

  • How To Ladder CDs

    Posted on Wednesday October 14th, 2009 at 07:34 in financial education, bank advice

    With interest rates at all-time lows, people looking to invest cash in CDs face tough decisions about how long they should lock up their money. Should they invest in a short-term CD that earns only a little bit more than a regular savings account? Or...

  • Regulation D: The Difference Between Savings and Checking Accounts

    Posted on Wednesday September 30th, 2009 at 08:52 in financial education, bank advice

    In recent years, it’s become increasingly difficult to tell the differences between savings and checking accounts. Many banks now offer savings accounts that allow some sort of check writing, online bill pay, and debit card use, features historical...

  • Beware of Online ACH Transfer Limits

    Posted on Wednesday September 16th, 2009 at 13:35 in financial education, bank advice

    Over the past decade, many banks have added a feature to their websites allowing customers to transfer money to and from accounts at other banks. This feature, called Online ACH Transfers, is especially prevalent among online banks with no branches, ...

  • Data Shows Banks Getting Worse Not Better

    Posted on Wednesday September 2nd, 2009 at 09:57 in financial education, bank failures

    The FDIC released updated financial information for all banks it insures last week, and the results are worse than even last quarter. Most notably, overdue loans have reached an all time high – 4.35% of all loans are overdue which means about $320 ...

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