I’ve already chosen a good insurance plan, but now I have to choose a good bank along with investment choices for the savings side of things. I’ve looked at Chase and Well’s Fargo. Both charge monthly maintence fees of up to $6 per month if you want to have mutual funds in it. These high fees suck. Has anyone looked into this and found better choices?
Posts Tagged Banking
Over 100 million individuals in the US are underbanked — they can not access or choose not to use traditional bank accounts and financial services. Instead, they use alternative financial services, such as check cashing services, prepaid cards, small dollar loans, remittances, and other nonbank services to meet their everyday financial needs. These alternative financial services, which may or may not be more costly than those offered by a traditional bank, are often preferable for consumers who want convenient, transparent, and easily accessible financial options. As Congress reconvenes and the effort to overhaul the financial regulatory system resumes, how do the financial services needs of underbanked consumers fit into the broader policy discussion? How can federal policies support responsible, innovative alternative financial services? Join the New America Foundation for an event that probes these questions and more. Peggy Twohig, the Director for Consumer Protection at the US Treasury Department, will keynote the event with an address discussing the Obama Administration’s proposed Consumer Financial Protection Agency. Following the keynote, a panel of progressive industry representatives and experts will illuminate who underbanked consumers are and why they choose alternative products. The CEO of a socially responsible venture capital firm will then follow with a presentation on the economics of serving underbanked consumers. Finally, a panel of policy experts …
www.globalchange.com Threat to retail banks from mobile phone payment systems using SMS, RFID and other technologies including biometrics (fingerprint). How mobile / wireless technologies will transform retail financial services, purchases especially for relatively low value transactions. Video interrupted by security guard on instructions from his boss…. clearly making even a short YouTube video is itself a potential threat! Maybe they are right. YouTube comments spread at the speed of light. Comment by Dr Patrick Dixon, futurist, leading authority on global trends and conference speaker.