Banking News, Views, Tips & Tricks

Image of a Building and Bank Sign

“A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain.” – Robert Frost

Love them or hate them, banks are a central (and necessary) part of our financial system.

This page is home to articles about all aspects of banks and banking. Topics of interest include checking accounts, savings accounts, money market accounts, online banking, interest rates, certificates of deposit, and more.

How to Save Money on Currency Conversions

by Michael on Sep 18, 2013

When traveling overseas, it’s often helpful to have at least a bit of the local currency in your pocket. This, of course, begs the question… What’s the cheapest and easiest way to get your hands on foreign currency without getting ripped off on the conversion from US dollars? Today I […]

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This is just a quick note to let you know that the ever-popular USAA has decided to reverse course and is no longer offering their financial services to non-military individuals. For background, USAA was founded in 1922 as a military-only insurance outfit and eventually grew into a full service financial […]

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Should You Invest Your Emergency Fund?

by Michael on Aug 9, 2013 · 5 comments

A reader named Austin recently wrote in to ask the following question: Can you please comment on Betterment’s recommendation of a “moderate risk” portfolio including 30-50% stocks for one’s emergency fund instead of cash. What do you think of this idea? Sure enough, Betterment is arguing that “you can do […]

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Dirty Money and Spending Behavior

by Michael on Apr 1, 2013 · 1 comment

Looking for new ways to save money? Perhaps you should consider asking for new bills the next time you withdraw money at the bank. While it’s well-accepted that currency denomination influences spending, there’s now evidence that the appearance of your money may be even more important. Interestingly, the social context […]

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Discover Bank Cash Back Checking

by Michael on Feb 15, 2013

Rumor has it that Discover Bank will soon be rolling out a cashback checking account to complement their other online banking and credit card offerings. This account, which will apparently be limited to Discover cardholders, will offer cash back (a dime at a time) when you make a payment.

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