Banking Quest & Finance Blog

What Bank Offers Second Chance Banking? How to Find

Tue, 21 Feb 2012 00:42:13 -0600

For many people today, it can be harder to find and get approved for a checking account than they ever would have expected. Once would think that banking should be a snap: just find a bank, deposit your money, and then make withdrawals or pay bills when needed.But, what happens when you can't even find a bank to approve your application for a new checking account? The reason for the rejection you have been experiencing is due to something called Chex Systems. This is an information-sharing system that financial institutions use to give each other information about past customers whom they consider to be "problem customers."Your name might be in Chex Systems if you still owe money to a previous bank with which you did business - or just if they otherwise considered you a credit risk.While relatively few and far between, there are a number of banks that offer second chance checking. This is the custom-made alternative for anyone who has been having trouble getting appro...

Five Financial Oversights that Cost You Money

Sat, 18 Feb 2012 00:18:04 -0600

If you think you have your finances pretty much in hand, that's great. But once you get the basics down, there may be some fine-tuning that can help you save even more. Here are five financial oversights that might be costing you needless money every month.Check your bank statements, and while you're at it, your credit card statements, too. Look these over every month-at least. Review them every two weeks, if you tend to have a lot of money moving in and out of your accounts. Banks make mistakes, and so do credit card companies.Always pay yourself every month. It's a good idea to do this automatically so you have no choice about saving. Even if it's the smallest amount of money--, or even less-setting some money aside gets you in the habit of saving. When you begin to make more money, you can set aside more. Shoot for of your gross, at a time.Create some kind of home-based system to track all your accounts. Consider a file where you keep all your financial ...

CRM...And The Real World - Part 1.

Wed, 15 Feb 2012 00:19:32 -0600

Here is my latest article. It may be freely used in ezines, onwebsites or in e-books, as long as the Resource Box is leftintact.I would appreciate notification of where it was used, and ifpossible, a copy of the ezine or newsletter that it was used in.Please send notification mailto:webmasteronline-wealth.com I hate computers.Now, coming from a person who's been involved with them since, you might think that's a bit over the top.Well...it's not actually the computers that's the problem, ofcourse, it's the software - the programs that run in them, thatI really hate.I also hate ATMs. Now, that's a double whammy for the poor, dumbmachines!But, like computers on the desk, ATMs are everywhere, and bygolly, there're so convenient, aren't they? However, now thatwe have ATMs and computers in an unholy alliance, specificallydesigned to ruin your day at any nanosecond, I was happy -well, almost - when I had to turn to the customer service ...

Money Laundering in A Changed World - Part II

Sun, 12 Feb 2012 00:32:43 -0600

Money Laundering in the Wake of the September AttacksRegulationThe least important trend is the tightening of financialregulations and the establishment or enhancement of compulsoryas opposed to industry or voluntary regulatory and enforcementagencies. New legislation in the US which amounts to extending the powersof the CIA domestically and of the DOJ extra-territorially, wasrather xenophobically described by a DOJ official, MichaelChertoff, as intended to "make sure the American banking systemdoes not become a haven for foreign corrupt leaders or otherkinds of foreign organized criminals." Privacy and bank secrecylaws have been watered down. Collaboration with off shore"shell" banks has been banned. Business with clients ofcorrespondent banks was curtailed. Banks were effectivelytransformed into law enforcement agencies, responsible to verifyboth the identities of their foreign clients and the sourceand origin of their funds. Cash transactions were partlycrim...

Retail Banking Competitor Tracker - March 2010 - Market Research Reports on Aarkstore Enterprise

Wed, 08 Feb 2012 05:38:29 -0600

IntroductionRetail Banking Competitor Tracker is a monthly product providing updates on key events relating to major players in retail banking across the globe. Covering major developments such as M&A activity, market entries and withdrawals, partnerships, product innovation, and customer targeting, the Retail Banking Competitor Tracker provides succinct summaries of key stories.ScopeInformation on new product developments, mergers and acquisitions, distribution and partnerships.Insight on how the major retail banks are adapting to the ever changing economic climate.HighlightsDBS in Singapore and First National Bank in South African partner with PayPal.ICICI Bank gets full banking status in Singapore.Millennium BCP launches Activobank for young, tech-savvy consumers.Reasons to PurchaseProvides a definitive source of information on all your competitors' key strategies.Offers insight into how the competitive landscape is evolving through M&A activities, partner...

How to Automate Your Collections

Tue, 07 Feb 2012 00:42:13 -0600

Having been a landlord since the early part of , I feelfairly safe in stating I've tried almost every imaginable way ofcollecting monthly payments from my residents. I want to runthrough some of these methods and let you in on the pros andcons of each technique. I'll wrap it up by telling you what I donow.Personal Collections Scheduling appointments to pick up paymentswas never even a consideration for me as a standard way of doingbusiness. I'm too lazy and I consider it the resident'sresponsibility to pay me if they want to stay. The advantage isthat you know right away who's paid and who hasn't. You stilldon't know if the check will clear with good funds, assuming youweren't paid in cash or certified funds.Of course, I've met with residents to pick up payments onspecial occasions when the resident was late or trying to avoidlate fees. Again, this is a waste of time in my opinion.I now have a designated place for the residents to drop offpayments if they want to ...