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Posts Tagged ‘Banks’

What features should I look for in a bank account?

Wednesday, February 2nd, 2011

Choosing a bank account can be more difficult than a lot of people realize. Some people may think that all bank accounts are more or less the same – but in fact, different bank accounts can offer very different advantages.

There are a few things to think about. First of all, what kind of account do you want? A regular current account, perhaps, or a bad credit bank account? There’s also a ‘managed’ account, in which the account provider takes care of budgeting for you. An example of a managed bank service account can be found here.

Interest rate
A lot of current accounts offer little or no interest on your balance at the moment due to the low base rate, but some still do pay a reasonable rate. If you regularly receive money into your account (e.g. your salary), it could be worth finding an account that will offer something back on your balance.

But you will have to ‘balance’ this against the other benefits on offer – you might find that you’re better off with an account that doesn’t pay interest if the other benefits are good enough.

Overdraft facility
Even if you’re the kind of person who avoids debt like the plague, many people would argue it’s important to have access to some kind of credit for emergencies. Most bank account providers offer some kind of overdraft facility, and it’s worth comparing what the different accounts have to offer.

Ideally, you’ll want to find an overdraft with the lowest possible interest rate, but you’ll also have to consider the overdraft limit (an account with a £1,000 overdraft limit provides more protection than one with a £500 limit – but if you’d prefer to avoid temptation, you might prefer the lower limit after all).

An overdraft may not be necessary if you have a lot of money in savings or if you have a suitable credit card that you’d rather use, but it could still be useful to have.

Additional benefits
Increasingly, many banks are starting to offer ‘extras’ to entice customers. This might include things like free insurance, roadside recovery or access to better deals on the account provider’s other products, such as loans or mortgages.

Sometimes, the value of these extras can exceed what you would get back from an interest-paying account, so it’s well worth thinking about.

How can an inmate open a real bank account?

Monday, September 13th, 2010
bank account
steve8902000 asked:

Does anyone know of a bank that will allow a bank-by-mail account for a prison inmate? The prison will allow it but banks don’t seem too thrilled. Thanks! Can people in jail have saving accounts?

How to open a foreign bank account?

Sunday, August 15th, 2010
bank account
las C asked:

I need a bank account in another country. I am not interested to avoid taxes or use it for anything illegal. Just a simple bank account. But it seems impossible to open an account not being present in that country. And many banks require minimum deposits. Any advice?
It should be a reliable/known bank.

What type of bank account should i open when saving for a house?

Saturday, April 24th, 2010
bank account
girl-in-love asked:

I have a bank account at the moment but the interest rate i’m currently on is 0.03% (which is crap) and i was wondering what type of account should i be looking to open and what banks are good to look at? The money will be in this account for at least the next year if not longer and i put through monthly lodgments varying in amounts so i don’t want anything with a fixed amount.

Any help anyone could provide would be much appreciated!

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Is it possible and legal to have more than one bank account?

Thursday, March 11th, 2010
bank account
Ketsurui asked:

I am moving across country. I currently have a bank account but the bank I have an account at does not have any banks where I am planning to move. I would like to keep this bank account. So I was wondering if it is possible and legal to have a bank account at more than one bank if they are located in different states? Anyone have any idea? Thank you.

Read Saint Seiya Anime

Can banks tell how many times an online bank account has been accessed and the times?

Thursday, February 18th, 2010
bank account
Gary A asked:

Someone has formed a username and password to watch bank transactions for a few years now, can the banks track each time the account has been entered? Want to build a case to nail this person bad!

How does a person find a lost bank account?

Sunday, February 14th, 2010
bank account
dngrzdmn asked:

The person is very ill and wanted to leave monies to their heirs. Problem is, they don’t recall which banks they dealt with and are not sure where their passbooks are.

Do you walk into a bank with the proper papers (like a lawyer or executor of the will) and day “Did the Late John Doe have a bank account here?”
The state is California.

How long does it take to confirm a bank account with paypal?

Sunday, December 13th, 2009
bank account
CharChar asked:

I am waiting on a payment for services and the buyer told me that they can’t pay because they changed banks and paypal must confirm their account. I know that paypal does this, but I don’t remember how long it usually takes. Does anyone know how long it typically takes for paypal to verify/confirm a bank account?

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