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Banking

Tips On Managing Your Checking Account Better

Did you know that the leading cause for stress is money problems? This doesn’t mean that you don’t have much money, it just means that you are having a tough time with the management of that money. It is because of this that I want to give you several tips on managing your checking account better. The reason I don’t want to talk about a savings account right now is because not everyone has one, but almost everybody has a checking account of some sort.

Tips On Managing Your Checking Account Better

Balance Your Checkbook – The reason why you must balance your checkbook is because you will most likely be making purchases that won’t go through right when you make them. For example, if you buy something from a grocery store the balance usually won’t go down until the next day. Because of this you need to get all your receipts together and make sure the balance that you have is what you really have and not just a temporary balance until the purchases are taken off.

August 27, 2013

Banking

3 Ways To Avoid NSF Fees

What are NSF fees?

NSF or nonsufficient funds fees are charged by your bank if you write a check and it bounces due to lack of funds. Most banks charge a fee of $40 or more, so this is definitely a fee you want to avoid.

You can prevent NSF fees by doing the following:

December 17, 2012

Banking

Five Reasons To Use Online Banking

Although most people now are taking advantage of doing their banking online, there are still many out there who are afraid to take the plunge. They may think it’s not secure enough, or they may have just gotten used to paying their bills by mail or with a teller. I am a big fan of online banking, and here a few reasons why:

1. Online banking is a great way to pay your bills.

Most, if not all of your bills can be paid online through your bank’s online banking. It only takes about a minute to set up a payee initially, and then your online banking will remember your bill information for the next time you need to pay your bill. Paying your bills online ensures that your bill gets paid on time and it is a lot quicker and cheaper than sending your payment by mail or going in person to a branch.

December 6, 2012

Banking

What Is CDIC And Why Is It Important?

What is CDIC?

While some Canadians bank at credit unions, many more deal with the big banks. The major banks in Canada are all insured by the Canada Deposit Insurance Corporation (CDIC). So, just what exactly is CDIC? Well, it’s actually a federal Crown corporation that was created by the Canadian Parliament in order to protect your deposits in case the bank ever happened to go under.

What CDIC is NOT

CDIC is not a private insurance company and neither is it a bank. The main point of the creation of CDIC is to help keep Canada’s financial system as strong as possible.

November 22, 2012

Banking

Moving To Egypt? Here Are A Few Banking Tips

Living in another country can be quite a challenge. Below is a guest post submitted by a reader about how to do banking in Egypt, however, many of the tips mentioned below could be applied to living in other countries as well.

The Challenges You Will Face In Egypt

Buying food and clothes, the use of public transport, school enrolment, bank accounts, the language barrier – the list goes on and on. These are probably just a few of the many worries and concerns any Western family might have prior to setting up a new home in Egypt. But with the worry will also come anticipation, exhilaration and maybe the sense of embarking upon some huge adventure.

Concerns over banking are likely to center around ease of access to your hard-earned cash. However, there’s really nothing to worry about because Egyptian banking services are every bit as good as their Western counterparts. And you’ll recognize some familiar names, too. Go online and check out Egypt savings accounts from HSBC, or current accounts from Barclays. Both banks have dozens of branches and ATMs spread throughout Cairo, Alexandria and many of the other major towns and cities in Egypt.

November 9, 2012

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