DebtReviews.com Blog Category: Bank Accounts & Credit Unions
The Bank Accounts and Credit Unions section of the DebtReviews website is pretty self-explanatory, but there is a lot to cover, so it still needs a little more of an explanation.
Our financial lives are controlled by banks, from the first bank account we get when we’re young, to the savings accounts, the loans and the credit cards we are issued when we are older and a little more financially responsible.
Both banks and credit unions offer these services and we look at them both in this section of the DebtReviews website. We look at the differences between banks and credit unions, the pros and the cons of both of these, and the things you need to look out for.
We take a neutral stance in this matter as we so often do and we recommend that you do the same, at least to begin with. But the more you look into it, the more reviews you read and the more you study how these institutions can help you, the more you will sway towards one of them.
No customer wants to dip into their overdraft, but in some cases they have no choice. It is seen as an additional line of credit that doesn’t require a new credit card or loan, but it’s far from perfect. The average cost of an overdraft is $35 a month, and in most cases you need […]Continue reading
An online account is a great way to secure your money while also letting it grow. If you have some expendable income then consider putting it into a savings account, where you can forget about it and let it build month after month, growing into sizable sum that you can use for your kids’ college […]Continue reading
There are a number of big choices to make when looking for a new savings or checking account, but the first choice is whether to use a credit union or a bank. They both have their pluses and minuses, and determining which one is best for you is a simple case of weighing up these […]Continue reading