Is your bank using “Popmoney” to save you money on wire transfers?

Anyone regularly making wire transfers should check and see if their bank is using “Popmoney” to avoid fees. Up until last year, I’ve had to pay anywhere between $15 and $30 for each wire transfer, and unless your financial institution is using this service you’re likely paying the same in wiring fees.

Similarly to PayPal consumers of banks and/or credit unions using this service can transfer money online to other individuals using Read more…

50% Plus Gains for Dow Under Obama’s First Term with $4 Trillion Added to Defecit

From an entirely observational and economic standpoint, the first term of Obama’s presidency has been entertaining to say the least.

Despite an at times tumultuous economic and political landscape, with the Standard and Poor’s downgrade of the US credit rating last summer and the extremely partisan political environment, there have been some real positive statistical takeaways as well. And as the political rhetoric heats up once more before November’s elections, we’ve highlighted Read more…

Inside Job now available on DVD

We normally don’t pump movies here on BankVibe, but if you’d like a recap of the causes and effects of the 2008 bank collapse and financial meltdown then you may want to check out the film “Inside Job” which just came out to DVD this week. The film does an excellent job of detailing the misaligned incentive structure Wall Street Bankers have as well as the shady products they were allowed to manufacture and sell with the support of enabling Read more…

The Truth About Swiss Bank Accounts

When you think about Swiss Banks, the first thing that comes to mind is likely Switzerland’s well-known commitment to privacy. The Swiss banks have been getting money from the rich and the filthy-rich since the Middle Ages. These account holders are then known externally only by their account numbers, and only the banks know their true identities.

The primary reason for many people to use Swiss banks in the past was to Read more…

Are you taking full advantage of automated banking?

It’s great living in an automated world, isn’t it? Especially when it comes to our banking. We can create mini systems to help us achieve our financial goals faster and with less hassle. Let’s look at a few of the many ways that automated banking can help you.

No More Late Payments, Checks, or Stamps

Are you fully automating your bills? If not, why? Particularly your bill payments. Avoid late fees, checks and Read more…