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MyBankTracker is an independent resource that helps consumers make smarter banking and money decisions. In addition to editorial content, MyBankTracker provides free rate and bank information to consumers on more than 7,000 banks and 30,000 financial products, including credit cards, savings, checking, mortgage and general banking fees.

Entries by MyBankTracker

Living the American Dream Means Being Poor on Purpose

(0) Comments | Posted August 13, 2015 | 11:30 AM

As I walk through New York City's bustling Chinatown, I'm surrounded by a crowd of mostly Chinese immigrants scurrying in and out of restaurants, markets and shops. I rush past a large group of tourists trying to score the best deals on fake designer bags, trinkets and knickknacks. The smell...

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You Won't Survive in the 10 Most Expensive U.S. Cities, Even With These Great Jobs

(0) Comments | Posted August 7, 2015 | 11:07 AM

It's easy to imagine big city life as being glamorous, exciting and expensive. We picture busy professionals with amazing jobs, living in high-rise, waterfront apartments. But wait, how much of their income are they really saving, given the higher cost of living they face?

We were curious about this, so...

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The Worst Money Advice You Will Listen to in Your 20s Will Cost You Thousands

(0) Comments | Posted May 30, 2015 | 10:23 AM

Navigating your finances in your 20s is tough enough without everyone and their brother tossing in their two cents about what you should and shouldn't do. Friends and family may mean well in offering up guidance, but sometimes the things they preach are just plain wrong. The MyBankTracker staff isn't...

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Will the New FICO Scores Make It Easier for You to Open a Credit Card or Buy a Home?

(0) Comments | Posted May 14, 2015 | 6:18 PM

MyBankTracker recently reported on the latest FICO changes, which will incorporate your utility payments and rental history to determine your score. Today, I'm taking a more in-depth look at how the new model will make it easier for people to qualify for loans or lines of credit going...

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MasterCard vs. Visa: Which Has Better Concierge Service?

(3) Comments | Posted April 15, 2015 | 12:51 PM

Today, there are many credit cards that offer free personal concierge service, which helps cardholders perform various tasks and acts almost as a personal assistant. We decided to pick the two largest card brands -- MasterCard and Visa -- and compared their concierge services.

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Why I'll Never Open a Joint Checking Account Again

(21) Comments | Posted March 30, 2015 | 4:39 PM

Opening a joint bank account can streamline your financial life if you're married, but it's not without certain pitfalls. Today, I explain some of the biggest disadvantages associated with joint accounts if the relationship doesn't end up working out.

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Easy Direct Deposit Methods to Get Bonuses for Opening a New Bank Account

(0) Comments | Posted March 19, 2015 | 6:21 PM

Many banks use account opening bonuses to draw in new customers, but many require you to make a specific kind of direct deposit to qualify. In other words, a certain bank may require customers have a direct deposit of at least $500 made into their account every month in order...

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Amex Raises APRs on 1 Million Credit Cards: What You Can Do

(1) Comments | Posted March 5, 2015 | 5:21 PM

More than one million American Express credit card customers are going to see their APRs experience an increase in mid-April, according to a letter sent to affected customers (the timing may be different for you). See why the interest rate hikes are coming, what you can do about...

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Avoid a Minimum Balance Fee at Your Bank With These Simple Tips

(0) Comments | Posted March 2, 2015 | 5:11 PM

Minimum balance fees are designed to encourage bank customers to keep a set amount of money in their account. MyBankTracker explains why it's important to understand these fees and more importantly, how you can avoid them.

It's estimated that the average person spends $151 a year on bank fees...

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Are Savings Apps, Like Digit and Acorns, Better Than Savings Accounts?

(2) Comments | Posted February 20, 2015 | 10:07 AM

You know you should be saving consistently, but you just can't seem to remember to do it. Automating your finances -- meaning you set up your funds to be moved from your checking to savings account each month -- can help you save without thinking about it. Two new savings...

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What You Need to Know to Max Out Your Retirement Savings In 2015

(0) Comments | Posted February 4, 2015 | 1:09 PM

This year, thanks to a few tweaks to the tax code made by the IRS, you can contribute more to your retirement. The money invested today, that grows at a modest 5 percent, will be worth four times as much in 30 years (e.g., $10,000 turns into $40,000). Find out...

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How to Get a Tax Saver's Credit in Your 20s

(0) Comments | Posted January 27, 2015 | 3:01 PM

When you're in your 20s, your tax filing is usually pretty straightforward. Unless you buy a house or you travel a lot for your job, you're not going to be claiming a lot of deductions, aside from writing off the interest you're paying on your student loans.

While that means...

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The Most Important Retirement Benefit Changes to Look Out For in 2015

(0) Comments | Posted January 13, 2015 | 3:36 PM

January is a great time to outline your financial goals for the year, including taking a look at your retirement savings plan. If you didn't save as much as you wanted to last year or you have yet to start contributing to a retirement account, there are some new rules...

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4 Moves You Need to Make Immediately After Your Credit Card Is Hacked

(0) Comments | Posted January 9, 2015 | 1:07 PM

If you paid for the bulk of your holiday shopping with plastic, you may not be looking forward to your first statement of the new year but you can't afford not to. The holidays are prime time for identity thieves who want to get their hands on your personal information,...

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Reflecting on MyBankTracker's 2014 Banking Predictions

(0) Comments | Posted December 30, 2014 | 10:29 AM

Well, 2014 is coming to a close. It's that time when MyBankTracker reflects on the banking trends that we predicted would take focus in the past year. See how accurate -- or inaccurate -- we were at forecasting the trends in banking.

Prediction: Branches get smaller, smarter -...

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The Right Way to React When Your Chase Credit Card Gets Canceled

(0) Comments | Posted December 23, 2014 | 9:27 AM

Credit cards, like other bank accounts, can change over time for many reasons. Card issuers can come out with newer cards and sometimes, they'll automatically switch existing card customers to the new card. Or, perhaps the existing card isn't getting enough applicants. Or, the card issuer is acquired by another...

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Lessons Learned When Wells Fargo Didn't Honor Widow's CD

(0) Comments | Posted December 9, 2014 | 11:32 AM

Why is that we always get stuck with the short end of stick when banks mess things up? A perfect example is Arizona's KPHO's story on Rosemarie Braunstein, a widow who recently found her late husband's $18,000 paper certificate of deposit (CD) from 1984 that Wells Fargo refused...

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Why a $95 Credit Card Annual Fee Can Be Worth It

(0) Comments | Posted December 3, 2014 | 1:46 PM

The idea of paying an annual fee on a credit card is blasphemous to some people. That includes me, considering that I've personally found no need for all the perks that come with such a card. However, I know that everyone has different spending habits. Yours may legitimately justify a...

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10 Smart Ways to Avoid Checking Account Fees for Good

(0) Comments | Posted November 25, 2014 | 11:16 AM

Next to venting about bad customer service, American consumers love to complain about bank fees. From ATM fees to monthly maintenance fees to the infamous and expensive overdraft fee, these fees can add up if you're not careful. Last year, they paid out $32.5 billion in bank charges and penalties.

...
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Saving More Money Means Creating More Time, Not Cash

(0) Comments | Posted November 13, 2014 | 1:53 PM

How to save money has become an endangered activity in the United States. In September, the Federal Reserve Bank of St. Louis reported that Americans' personal savings rate was 5.6 percent of disposable income, about half of what it was between 1960 and 1980, before starting its long slide.

Earlier...

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