Category Archives: Debit
Atlanta Consumers Save Money With Virtual Savings Accounts and Automatic Payments
My piggy bank has served me well, but he’s just not cutting it anymore. It’s not that putting money in a jar doesn’t work. Socking away my spare change every week actually helped me pay for college. It’s just that, in this day and age, we don’t really have spare change since we rely on… Read More »
The Expensive Truth Behind Prepaid Debit Cards
It sounds too good to be true. You don’t need a bank account. You don’t need a good credit score. You just load your paycheck onto a pre-paid debit card, and you can pay without the hassles of a credit card or the inconvenience of cash. You’ve probably started to see pre-paid debit cards in… Read More »
Why Prepaid Debit Cards Might Not Be Such A Good Deal
When gift cards surpassed traditional presents in popularity, I knew it was only a matter of time before we started just giving cash. And then, just as I predicted, the prepaid debit card arrived. It’s sort of the equivalent of cash, but more convenient than carrying around a wad of bills (and less awkward than… Read More »
Banks Limit Debit Cards Fees, But Will it Make a Difference?
In light of growing discontent over their unfair debit card fees, some big banks are considering changing their tune – ever so slightly. Financial giants JPMorgan Chase and Bank of America just announced changes to their overdraft protection policies. Though they won’t eliminate the controversial program, both banks plan to limit the amount of overdraft… Read More »
Big Banks Revise Debit Card Fees, But Does It Help?
Big banks don’t like to be told what to. So with the news that federal regulators are considering legislation to control overdraft fees, a couple of the financial companies took matters into their own hands. Bank of America and JPMorgan Chase recently announced that they would reduce the maximum number of overdraft fees – the… Read More »