Bank runs are not just a thing of the past. In fact, there was even a bank run in 2019 in the United Kingdom because of a Whats App rumor. But what exactly is a bank run? Should you be worried about it? We'll explain. … [Read more...] about What Happens During A Bank Run?
Fidelity has pretty much been beating the pants off the competition in the low cost investing space. I just heard about their latest - no cost, no minimum index funds - from a friend and checked their website. Its true, they're basically offering zero fee, no minimum investing opportunities. … [Read more...] about Yes Virginia, You Can Invest With Just $5 Bucks
There’s a point in the relationship of every committed couple where the financial question comes up — should we have a joint bank account? … [Read more...] about Should We Have a Joint Bank Account?
The number of cardless ATMs are increasing as most people now have some kind of cellular phone. These ATMs have been around for about five years, but the concept is still new to many people. A regional Midwestern bank, Wintrust Financial, was one of the first banks to offer a cardless ATM to its customers. … [Read more...] about Protect Your Money – Is Using a Cardless ATM Safe?
Whether you have been married 50 days or 50 years, money is likely a source of friction between you and your spouse at times. This is especially true if one spouse is a spender and the other one is a saver. Spouses with children don’t have to worry about who has the checkbook when a child needs money for lunch or school activities. Separate bank accounts may seem like an … [Read more...] about How to Decide if You Need a Separate or Joint Bank Account
Good morning Dinks. Today's article asks an important question. Can payment be stopped on a cashier's check? That's a question that I never thought about before. I didn't know the answer until a couple of days ago. Before I respond to that question, I want to briefly discuss what a cashier's check is. What is a cashier's check? A cashier's check is a check that is guaranteed … [Read more...] about Can Payment Be Stopped on a Cashiers Check?
Oh yes I have one. Even though I'm a long time financial services employee and I should have some level of compassion for what bank employees go through on a daily basis the truth is I don't. I have zero tolerance for cold hearted banks who forget their clients are actual people instead of numbers. Oh and in case this hasn't come across in our six years together I am an … [Read more...] about My Bank Nemesis
Good morning Dinks. I just got back from another business trip and as always I met some interesting people along the way. I'm not sure what it is about me - maybe it's because I'm chatty - but I always meet unique people with a one of a kind story when I travel. One time I was sitting in front of a man and a young girl who didn't know each other. During the four hour trip … [Read more...] about An act of kindness gone wrong
Good morning Dinks. As the tax filing deadline quickly approaches on April 15 people all around the country are deciding if they want to contribute into their retirement accounts before the deadline and if so how much money do they need. Although I no longer work in the world of banking many of my friends still do. They are ready to rip their hair out this time of year as … [Read more...] about 3 types of clients, which one are you?