banking Archives - Women’s Money

29Sep 2022 by Elizabeth 17 Comments

Is Capital One Cheating You Too? The Secret You Must Know About Your High-Interest Account

banking

Are you a Capital One savings account customer? If so, you could be losing thousands of dollars a year and should check your accounts immediately. Here’s how to find out if you're impacted and what to do about it. Background As diligent as I am with my money, I recently discovered I was losing thousands of dollars a year in interest. I thought I had a high-interest bank account with Capital One, but it turns out, my interest rate was only 0.30%. Why was it so low? Because apparently several years ago Capital One essentially archived certain legacy accounts – the “360 Savings Accounts”– and instead created a competing product that actually earns high interest. (These new accounts are called a deceptively similar name - the “360 Performance Savings Account”…

24Sep 2022 by Elizabeth No Comments

How to Exchange Old British Pounds From the U.S.

banking

My grandmother-in-law passed away several years ago. Among her things were some very old British Pounds. The pounds were from the 1970’s and 1980’s - so old enough to be difficult to cash, but not so old as to be valuable as antiques. We hung onto them for several years because we didn’t know how to exchange old British Pounds from the US. But eventually we figured it out and have quite the story to tell. First Options for Exchanging British Pounds Try Your Bank Your bank may allow you to deposit British Pounds at a branch. I visited our local Wells Fargo and they had a book of currency that showed pictures of what the teller was allowed to exchange. Unfortunately, because of the age of our British Pounds,…

08Feb 2017 by Women's Money No Comments

Where Does Your Money Go?

banking, Goals / Taking Action, Miscellaneous, Saving & Investing

Have you ever had such a terrible customer service experience or been charged so many fees at your bank that you seriously considered closing your accounts, but didn’t because, well, would another corporate bank be any different? Credit unions are a viable alternative to big banks. After a terrible customer service experience, this was exactly the course I took. There are always considerations when changing banking institutions. Your number one concern should always be bank fees. While credit unions will often have lower fees than a corporate bank, this is not always the case and should never be taken for granted.So what exactly is a credit union? A “cooperative financial institution chartered by the federal government and owned by individual members”. This means that when you put your money in…

13Oct 2016 by Women's Money No Comments

7 Ways Your Bank May Be Robbing You Blind

#WMWeek17, banking, Budgeting, Debt, Miscellaneous, Money in Your 20s/30s/40s/50s/Retirement, Saving & Investing, Women's Money Week

Putting money in the bank always feels satisfying. But how do you decide which bank to put your money in? The first thing to consider when choosing a bank isn’t their rewards program or the quality of their commercials. It’s their fees. Realistically, whatever bank you use is going to charge fees, but you want to keep as much of your money as possible and not give it to the bank. Look at your bank, are you getting robbed of your money little by little? Researching the type of fees associated with checking or savings accounts will save you money in the long run, because you can choose a bank with the lowest number of fees and avoid triggering circumstances.Overdraft fees are one of the most common bank fees. Putting…