Bank Accounts

June 25, 2018

What is the Truth in Savings Act?

This is a federal law that requires depository institutions to inform you of the following: Annual percentage yield and interest rate Costs, fees, extra charges Other […]
June 25, 2018

What is overdraft protection and should I have it?

This protects you from the possibility of bouncing checks. If you write a check and do not have sufficient funds, it will draw money from your […]
June 25, 2018

Can I negotiate my checking account fees with my current bank?

Yes. Here are some tips on how to approach this: See what your fees and charges have been over the past 3 years. Write down your […]
June 25, 2018

How much protection do I get from federal deposit insurance?

Only deposit accounts at federally insured depository institutions are protected by the FDIC. Check to see if your bank falls into this category. In general, the […]