Importantly, prepaid debit cards themselves are improving. Long the last resort of people who couldn't obtain bank accounts or credit cards - the so-called "unbanked" - prepaid debit cards were layered with outrageous fees.
Paying additional fees for a credit card or bank account might not sound smart, but it can sometimes prove rewarding. Forking out money for fees is something to consider before you overlook places you could be saving.
In recent years, we've seen a major spike in deals that allow financial service providers to disburse federal financial aid to students through products like debit cards. These deals, which have raised serious concerns from consumer advocates, were shown to have significant risks for students.
Our workers have suffered mightily in the last few years. The $7.25 minimum wage hasn't been raised since 2009. And thanks to the latest corporate cheap trick, even that paltry sum has been further eroded.
Just like a relationship between two people implies an expectation they'll receive a higher level of trust and priority in each other's lives (in theory, anyway), committing to a single bank can provide many of the same benefits.
If you just received a year-end bonus, congratulations. With money tight and the economy uncertain, those extra dollars can be hard to come by. Now, how do you use that hard-earned bonus wisely? Here are eight suggestions.
The lessons from this event underscore some of the rules of business today -- rules that echo basic tenets of trust and good, old-fashioned customer service. Simply put, customer relationships do not begin and end at the transaction.
What are some of the other advantages of credit unions? People before profits. At credit unions, members are owners and have a say in how it is operated. The "profits" go to members in the form of lower fees and better rates.
With consumers expressing confusion over their banks' fee structures and banks ordering transactions in such a way as to maximize their collection of such fees, people continue to get hit with the mother of all fees.
As students head back to school, over 9 million are at risk for increased educational debt, due to bank-affiliated campus debit cards that come with high fees, insufficient consumer protections, and few options.