Tag Archives: Banking

MONEY

ATM Overdraft Fees Reach All-Time High

It will cost you more if you bank outside the network

The average overdraft fee of $32.74 set a new record high for the 16th consecutive…

By Sheiresa Ngo

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walmart

Walmart Now Offers Low-Cost Checking Accounts

Consumers have a new choice among checking account offerings

Are you looking to open a checking account? GoBank might be just what you’re looking…

By Sheiresa Ngo

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know-your-banker

Bank Fees Hit New Highs

Prepare for a lighter wallet

Prepare to spend more to maintain your bank account.

By Sheiresa Ngo

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know-your-banker

5 Savvy Steps to Correct a Bank Error

Whether it's in your favor or not, you'll want to reverse mistakes properly

Whether it’s in your favor or not, here are the five steps to correct a…

By Sheiresa Ngo

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bank-loans

A To Z: What You Must Have and Know To Get A Small Business Loan

Tips and Strategy on getting approved for a small business loan

If you’re looking to start a small business and you don’t have a trust fund,…

By Richard Spiropoulos

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know-your-banker

The 5 Best States for Banking

Did your state make the list?

If you’ve ever wondered which states have the best banks and how they compare to…

By Sheiresa Ngo

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The announcement did not greatly affect the price of Bitcoin, as it has so far remained relatively neutral.

Chinese Banks Are Banning Bitcoins

Support for Bitcoin in China is shrinking thanks to the country's ban on using bitcoins in a Chinese bank account

The announcement did not greatly affect the price of Bitcoin, as it has so far…

By Patrick Austin

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Square Card

Payment Startup Square Posts Losses Despite Multi-Billion Valuation

Despite being one of the most popular mobile payment systems, the company posted a hefty loss

Mobile payment startup Square has posted a $100 million loss for 2013, according to the…

By Patrick Austin

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Simple has 100,000 customers using its online banking platform.

BBVA Acquires Mobile Banking Startup Simple for $117 Million

The mobile banking startup will continue to operate independently, but will have access to the Spanish banking group's billions of dollars in assets

An amazing acquisition for the Spanish bank

By Patrick Austin

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Overall Satisfaction among Small Business Banking Customers Drops

Overall Satisfaction Among Small Business Banking Customers Drops [Survey]

Satisfaction among small business banking customers has decreased in 2013

Overall satisfaction among small business banking customers has decreased in 2013

By C. Daniel Baker

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Photo Credit: NBC News

20 Percent of African Americans Too Broke for Bank Accounts

Banks charge an average of $6 to cash checks

A large segment of the black community is unbanked

By Makkada B. Selah

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banks

Watch Out for These Changes at Your Bank

Consumers will have increased mobile access to information

Changes are on the horizon at some banks

By Ashley R. Harris

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bank-of-america

Bank of America Accused of Bias in Managing Foreclosed Homes

Big bank is hit with discrimination complaint

Big bank is hit with discrimination complaint

By Gerren Keith Gaynor

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Sandra-Thompson-FDIC-Director300232

FDIC Director Looks to Boost Small Biz Lending

Finance programs aimed at helping entrepreneurs to think like a banker

FDIC Director Sarah Thompson talks about finance programs aimed at helping entrepreneurs to think like…

By Alan Hughes

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Cashing it In
Ever feel like your feeding a slot machine when pouring all your change into a coin-counter? Perhaps that's because your bank is taking a cut from your cash. The standard fee is 5 percent of the total amount converted.

What you can do: Don't wait until you have bags and bags of loose change before wrapping them in paper rolls. Instead, pick up the empty paper coin tubes at your bank and wrap as you go.

Andrea Woroch is a nationally recognized consumer and money-saving expert for Kinoli, Inc.

9 Most Irritating Bank Fees and What to Do About Them

Useful tips to help you cope with rising bank fees and constant changes

Black Enterprise explores the 9 most irritating bank fees and what can be done about…

By Andrea Woroch

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Siebert-Brnaford-Shank-300x232

Ultimate Achiever: Siebert Brandford Shank Makes Wall Street History

See how SBS became the first minority-owned firm to pull rank among other global financial giants

See how SBS became the first minority-owned firm to pull rank among other global financial…

By Elayne Fluker

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Overall Satisfaction among Small Business Banking Customers Drops

3 Things to Do Before You Start Banking From a Smartphone

Mobile banking offers convenience and flexibility. But here's what you need to know before you tap in to this resource

Mobile banking offers convenience and flexibility. But here’s what you need to know before you…

By BLACK ENTERPRISE

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New Bank Fees? No Problem. You Can Still Get Free Checking

Look for the loopholes and don't get charged for accessing your own money

You might see a new addition to your checking account in a few weeks. No,…

By Sheiresa Ngo

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Economista: The Poor Man’s Savings Club

Is a sou-sou right for you? Here are the pros and cons.

Here are a few pros and cons when it comes to joining a sou-sou.

By Renita Burns

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5 Things You Should Know If Your Bank Fails

2010 may bring more bank collapses than last year. Here's how to protect your money

Through June of this year, 118 banks have failed—and have been taken over by the…

By John Simons

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Money Basics: How to Handle a Bank Error

Lessons on the fundamentals of personal finance and money management

A bank error can take days, sometimes weeks, to resolve. Here are the steps you…

By Sheiresa Ngo

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How to Combat New Banking Fees

As institutions look for ways to cut losses, you can too

You have options to cut back on banking fees.
I’m sure after reading my earlier post,…

By Sheiresa Ngo

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Credit Where It’s Due

As large banks fall out of favor, more consumers are turning to credit unions. Here�s why.

When Jeremy Treadwell needed a car loan, the recent college graduate turned to the financial…

By Robin White Goode

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Pep Talk: Ready to be Debt-Free

How can I get on track if I am always in the hole?

I’m a 32-year-old mother of two and I’ve spent a great deal of time living…

By Tennille M. Robinson

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Food for the Journey

Budgets are necessary tools to help you reach your financial goals. Here's how to get started

According to Napoleon, an army marches on its stomach. On our journey we need something…

By Patricia Stallworth

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Cutting Edge: Bank of America Ends Overdraft Fees

Customers may find relief in new policy nixing the extra charges

Bank of America customers say sayonara to overdraft fees.

By Renita Burns

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Washington Report

Updates from Capitol Hill

Washington Report: Week of Nov. 9-13

By Joyce Jones

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Don't panic, you'll get your money. FDIC makes insured funds available to depositors quickly, usually on the first business day after the bank is closed.

BE 100s Bank Acquires Home Federal Savings

Regulators shut down two black-owned institutions

Liberty Bank and Trust of New Orleans acquired Detroit-based Home Federal Savings Bank after the…

By Marcia Wade Talbert

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Show Me the Money!

Unusual places to find small business funding

Getting new and growing companies financed has become difficult in today’s business environment. Economic conditions…

By Bridget McCrea

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Regulators Issue Cease and Desist Order to Chicago Bank

Highland Community faulted for unsafe banking actions

Chicago-based Highland Community Bank received a cease and desist order earlier this month from federal…

By Marcia Wade Talbert

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Consumer Advocates Fighting Against ‘Legal Loan Sharking’

Payday lenders face regulation, congressional scrutiny

Take a walk through any predominantly black or Latino neighborhood and the signs are unavoidable:…

By Renita Burns

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Banking on Our Own

Investing in black-owned financial institutions is investing in ourselves

It’s expensive to be black in America. Recent studies and lawsuits prove we are overcharged…

By Zachary Raynell Rinkins

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Federal Fund Targets Investments in Underserved Communities

Where mainstream financial institutions fail CDFIs give hope

In 1990, when Willie Murriel received a loan from Sunrise Bank to purchase the building…

By Marcia Wade Talbert

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Black Banks Are Feeling the Pinch

Recession pushes profits to nine-year lows

Profits at the nation’s black owned banks last year plunged to a nine-year low, newly…

By Jeffrey McKinney

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A Good Time to Break Into Banks?

Ariel Investment's Jason Tyler identifies finance stocks that are poised to rebound

Bank stocks, anyone? We can hear you shuddering. The financial services industry has easily…

By James A. Anderson

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nyc-comptroller-william-c-thompson-jr-with-naacp-president-hazel-dukes-and-carver-ceo-deborah-wright

Carver Federal Savings Bank Turns 60

Bank to invest TARP capital for growth

While many large commercial banks cling to life or become engulfed by the specter of…

By Renita Burns

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FDIC’s New Campaign Promotes Deposit Insurance Awareness

Initiative includes Spanish calculator, PSAs targeting blacks

Anyone who banks has seen the phrase “FDIC Insured,” but to make sure that they…

By Marcia Wade Talbert

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The Cutting Edge: Money Market Accounts

Gain better rates and more savings

It was two years ago that I learned the compounding greatness of money market accounts.…

By Renita Burns

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Banks, Regulators, Consumer Advocates Address Foreclosure

FDIC Chairwoman Sheila C. Bair addresses the 12th Annual Wall Street Project Economic Summit (Source:…

By Marcia Wade Talbert

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Cutting Edge: It All Adds Up

Avoid banking fees

A $3.00 fee here; a $25.00 charge there. You’ve probably noticed—with growing alarm—how small banking…

By Chris Taylor

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Capital Crunch for Black Businesses

Fed report reveals tightened lending standards for smaller firms

A Federal Reserve report released this week underscores the increasing difficulty that small business owners…

By Tamara E. Holmes

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M&F Bancorp Acquires Mutual Community Savings

Chairman eyes other buyout deals in the southeast

Hot on the heels of the pending acquisition of Mutual Community Savings Bank Inc. (MCSB)…

By Jeffrey McKinney

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