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19
Oct

No More Free Banking – The New Normal

Posted by Susan Mitchell (0) Comment

The latest third-quarter earnings reports from this week confirm that banks are struggling to make money the old-fashioned way, by lending money to consumers and businesses. The main reason: interest rates are at historic lows. That makes it harder for banks to charge high rates on loans.

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Category : Banking News | Blog
23
Oct

What Are Checking Accounts?

Posted by Susan Mitchell (0) Comment

Checking accounts are one of the services provided by most commercial banks. The reason why they are
so named is because unlike a savings account, a checking account owner does not need to withdraw money and pay with cash rather he can write a check to pay for the goods. Another name for checking accounts is current account (a
term mostly used in the UK)

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Category : Online Banking | Blog