Connect with us


10 ways you didn’t know your bank could save you money



More than just safe places to store your cash, banks are businesses — which means they offer customers products, services, and other perks you might not be aware of.

Depending on where you bank — and how long you’ve been banking there — you may be missing out on some great opportunities to save (or, in some cases, earn) money.

Curious about how you can take better advantage of all your bank has to offer? Here are a few things you may not know your bank can do for you.

Forgive overdraft fees

If you’ve ever overdrafted your checking account, then you know overdraft fees can be a source of major frustration. The good news is, most banks will waive fees like this if you ask.

“In cases where you have an overdraft or other unexpected fee on your account, always make sure to call your bank and discuss it,” suggests Lou Haverty, a certified financial advisor. “Explain that you weren’t expecting the fee, and let them know you were otherwise happy with the service you received. Many banks will give you a one-time fee waiver as a courtesy.”

Text banking

You probably already know that mobile banking makes a quick transfer or debit card balance check convenient — but text banking offers a whole separate level of ease that doesn’t require you to sign into an app.

Some banks offer the option of accessing account information, checking balances due on credit cards, and even transferring money between your accounts at that bank via secure text message.

If you have text banking, you may also be able to receive fraud alerts directly to your phone.

Help you pay off high-interest debts

There’s nothing worse than throwing money out the window on credit cards with excessive interest. If you’re drowning in high-interest debt, your bank may be able to help by offering you a personal loan at a lower rate.

Not only does consolidating credit card payments make paying off debt more convenient, you could also save a considerable amount of money on interest in the long run.

Match interest rates

Your local hardware store isn’t the only place that will match prices to keep you coming back. To retain customers, banks will often match or exceed a rate you receive elsewhere.

Haverty recommends getting at least two quotes whenever you plan to use a bank product, like a loan or credit card. Just go into the higher-priced bank and let your banker know you received a better option elsewhere.

Automate your savings

Automating savings is a great way to make a habit of investing. Whether you want to set up a $1 deposit into your savings every time you swipe your debit card or automatically transfer money from one account to another on a monthly basis, the majority of banks will accommodate your request for an automatic transfer, according to Kevin Panitch, founder of Just Start Investing.

Waive early withdrawal fees

If you have to withdraw early from a CD or pay a loan off early, most banks charge a penalty fee. But Rob Stephens, founder of CFO Perspective, says if a bank knows you can get a better CD or loan rate somewhere else, they’ll often be willing to waive fees to keep your business.

“Most bank staff really do want to provide you with the best rates and lowest fees. It pays to treat them respectfully and allow them to work with you to identify the best products and pricing for you,” Stephens says.

Lower your monthly payments

There’s no reason you should be penalized for going through a difficult time with your finances, and in many cases, your bank can help you set up a loan or credit card payment plan that works for you.

On top of waiving fees and forgiving penalties, finance coach Carlos Then says your bank can lower your monthly payments so they’re a bit more manageable. Some banks will also connect you with a credit counselor to talk through your credit card debt and options for repaying it.

Give you perks when you open an account

Looking for incentives when you open up an account? “Most banks offer extra perks and incentives if their employer has a pre-existing relationship with the bank,” says personal finance blogger Nermeen Ghneim. “This is known as WorkPlace Banking and can result in an additional $150 or more in your pocket.” Ask your banker if WorkPlace Banking is an option for you.

Allow you to freeze your debit card

While not as common, Ghneim says a few banks can offer you the ability to freeze your debit card and put limits on spending categories.

“This is an excellent feature for parents who want to get their children prepped for using credit cards but still enforce financial boundaries,” he says.

Provide free access to cultural attractions

Who knew you didn’t have to pay full price for museums, zoos, and aquariums? Some banks offer account holders free general admission to attractions on specific days of the month.

To learn more about admission perks (and all the other services your bank might have to offer), ask a banker at your local branch or call the bank’s customer service line.

Source link

Continue Reading


Kobe Bryant, wife have pact not to ride in helicopter together: report



  • The late NBA star Kobe Bryant reportedly had a pact with his wife Vanessa that they would never ride in a helicopter together.
  • Bryant, 41, and his 13-year-old daughter Gianna, as well as seven other passengers, were killed in a helicopter crash in Calabasas, California, on Sunday morning.
  • Bryant said in a podcast in 2018 that he began traveling in helicopters so he would have more time to spend with his daughters instead of sitting in LA traffic.
  • Visit Business Insider’s homepage for more stories.

The late NBA legend Kobe Bryant and his wife Vanessa had a pact that they would never ride in a helicopter together, a source told People magazine.

Bryant, 41, and his 13-year-old daughter Gianna, as well as seven other passengers, were killed in a helicopter crash in Calabasas, California, on Sunday morning.

“He and Vanessa had a deal that they would never fly on a helicopter together,” a source told People. The source also added that Bryant would only ride in helicopters piloted by Ara Zobayan, who was among the seven others killed in the crash. It was not immediately made clear why Bryant made the pact with his wife.

Bryant and Gianna are survived by his wife and his three daughters — Natalia, 17; Bianka, 3; and Capri, who was born in June of last year.

Bryant said in a 2018 podcast for Barstool Sports that he began traveling in helicopters so he would have more time to spend with his daughters instead of sitting in Los Angeles traffic.

“Traffic started getting really, really bad, and I was sitting in traffic and I wound up missing like a school play, because I was sitting in traffic,” Bryant said during the podcast. “I had to figure out a way where I could still train and focus on the craft but still not compromise family time.

“So that’s when I looked into helicopters, to be able to get down and back in 15 minutes and that’s when it started,” he added.

In the podcast, Bryant elaborated how important family time was to him, even if it was just to drop them off at school.

Source link

Continue Reading


Wuhan teacher’s videos show what life is like inside quarantined city



  • An Irish teacher living in Wuhan, China has been chronicling life under quarantine for Channel 4.
  • In a video posted this week, Ben Kavanaugh walked through deserted streets while venturing to the store to get food.
  • He wore two masks, goggles, and gloves for the outing, and picked up only processed food to avoid coming into contact with infected people or animals.
  • Visit Business Insider’s homepage for more stories.

An Irish teacher’s video blogs from within quarantined Wuhan, China are giving outsiders a look at what like on lockdown is like.

Chinese officials put Wuhan — the nation’s seventh-largest city — on lockdown last week to slow the spread of the Wuhan coronavirus outbreak.

Ben Kavanaugh’s first video about life under quarantine was posted by Channel 4 on January 26 and shows him venturing out into the deserted city to stock up on provisions at a grocery store.

Before leaving the house, Kavanaugh took precautions by doubling up on face masks, then putting on goggles and gloves.

He then met up with a friend and the two ventured to the grocery store with suitcases, so that they could stock up on enough food and household items to last them “weeks.”

On the walk to the grocery store, Kavanaugh noted that Wuhan is a city larger than London, and yet almost no one was out on the street in the morning. The roads were empty because drivers have been told they will be fined or have their licenses taken away, he said.

At the grocery store, he skipped the meat and produce aisles, likely because the virus has been traced back to a food market in Wuhan.

Instead, he stocked up on cookies, cereal, chips, eggs, soda, beer, and bacon.

The lines for the check-out are the longest he’d ever seen them, and customers were only allowed to do self-checkout.

On the way back to his apartment, Kavanaugh passed a pharmacy with a line of people out the door — one of the few signs of life in the city.

In his second video for the news outlet, which was posted on January 28, Kavanaugh cooked a bleak meal of pasta and hot dogs and talked about how foreign nationals like himself have been in constant communication with each other and their respective governments.

At one point, he talked about how American friends in a group chat were discussing their flight out of Wuhan.

Later in the video, Kavanaugh said he, too, was considering leaving, since the British and Irish governments are looking into evacuating their citizens.

He also revealed that it was his birthday, and cracked a joke about treating himself to a beer.

“Also it’s my birthday — what a fun birthday in quarantined Wuhan. It’s 9 o’clock in the p.m. so I think after almost a week of quarantine I deserve a birthday beer,” Kavanaugh said. “I thought Corona, maybe not given the situation, so I went with a different beer. Not Corona. To good health!”

Source link

Continue Reading


Best wedding rings in 2020: Traditional and unique wedding bands



The best for customization

Curved Half Eternity


Customized wedding bands usually cost a lot because of the labor and time that goes into crafting a unique ring from scratch, but not at Holden. Prices range between $179 and $1,299.

If you think all wedding bands look the same and would prefer a custom one, check out Holden. It’s part of a growing group of online direct-to-consumer shops that are changing how we shop for wedding bands and engagement rings, and one of the best advantages is the ability to customize your ring. 

Instead of choosing from a pre-designed ring, you start with one of 17 ring profiles, and then choose the metal, width, finish, and engraving. The rings start at $179 for a classic 10k yellow gold band and max out at $1,199 for a platinum multi-faceted style. The rings can take up to two weeks to produce, which is pretty quick for a fully custom job. 

The reason Holden can keep its costs down is because there’s no middleman or storefront. Instead, rings are made in-house with 3D technology and wax molds, and then they go directly to the consumer for a fraction of the price of traditional jewelry retail markups, which are often 8x to 10x the cost of production.

There’s also a free ring-sizing kit, free engraving, free ring resizing (once per calendar year), free shipping, a lifetime warranty, and payment plans for an easier time on your wallet. But the return window is pretty short at just 14 days and doesn’t apply to any ring that has been previously exchanged, altered, or resized, even if done in-house at Holden. 

Holden is definitely one of the newer startups in this guide and we get that shoppers might hesitate at drop a few hundred dollars, but since its launch in April 2018, revenue has doubled month over month and direct-to-consumer fine jewelry startups are becoming more mainstream, so it’s definitely a growing company that we’re confident in.

Pros: Fully customized rings, easy online interface, can see rings at NYC studio by appointment, free engraving, free ring resizing (once per calendar year), free shipping, a lifetime warranty, and payment plans

Cons: Short 14-day return window, shoppers who don’t live in NYC can’t view rings in person, limited styles currently 

Buy on Holden for $999.00

Source link

Continue Reading