Posts
2010/01/05
The decision to look for a new checking account
The decision to look for a new checking account presents you with the immediate realization that there are literally thousands of banks to choose from. Besides the many small and midsize banks, there are a handful of large, multi-billion dollar banks that monopolize the advertising space on TV and in newspapers.
It is easy to be tempted to choose the bank with the biggest name or glitziest ads. But, of course, they're expecting you to be dazzled by their clever marketing and just sign up when you see their cool ads. However, when making your decision to select the right bank, it is important to focus on what should be most important: the value that the bank offers you, as a customer.
The most important considerations for most consumers when looking for a new bank are fee structure, convenience and security.
To help you make a good decision, here are 5 tips on how to find the best bank for a checking account:
1. Choose a bank whose accounts are FDIC-insured. This means that the Federal Deposit Insurance Corporation (FDIC) will reimburse you for any losses to your deposit due to a bank closure or similar situation. The amount covered is currently $250,000 per depositor.
2. Find a bank that gives you ATM access almost anywhere in the country - without charging you a fee if you use another bank's ATM to make a withdrawal. Quick and ready access to your cash should be an important part of your decision in selecting the right checking account.
3. Make sure your new account has an online banking option. This means you should have the ability to transfer money among your different accounts, make balance inquiries and pay bills online from the comfort of your home, office, or anywhere with an Internet connection.
4. Choose a bank that has a forgiving fee structure. The banking industry's dirty little secret is that they made over $25 billion last year off of consumers through the charging of overdraft fees alone! In response to general consumer anger over this practice that some consumer advocates believe is abusive, some banks offer checking accounts that do not charge overdraft fees at all. Instead, for a low monthly fee, these banks will cover any overdrawn check or debit transaction (up to a pre-determined amount) without charging you an overdraft fee. This is worth looking into as it could save you hundreds of dollars per year.
5. If you have been having trouble getting approved for a checking account recently, it is likely that you have been reported to something called Chex Systems - a database that tells banks which new account applicants are potential risks. Fortunately, some banks today offer something called second chance checking, meaning that they will grant you a new checking account even if your name appears in Chex Systems. Why? Because these banks do not look at Chex Systems when considering new account applications. Have a look at a second chance checking account if getting rejected is a concern for you.
Choosing a new checking account can be a bewildering process, given all of the bank choices available to you. Consider these 5 tips when choosing the best bank for a checking account.
Need a checking account that will never, ever charge you an overdraft fee - no matter what? Check out: http://www.escape-overdraft-fees.com/.
Article Source: http://EzineArticles.com/?expert=Susan_Willis
It is easy to be tempted to choose the bank with the biggest name or glitziest ads. But, of course, they're expecting you to be dazzled by their clever marketing and just sign up when you see their cool ads. However, when making your decision to select the right bank, it is important to focus on what should be most important: the value that the bank offers you, as a customer.
The most important considerations for most consumers when looking for a new bank are fee structure, convenience and security.
To help you make a good decision, here are 5 tips on how to find the best bank for a checking account:
1. Choose a bank whose accounts are FDIC-insured. This means that the Federal Deposit Insurance Corporation (FDIC) will reimburse you for any losses to your deposit due to a bank closure or similar situation. The amount covered is currently $250,000 per depositor.
2. Find a bank that gives you ATM access almost anywhere in the country - without charging you a fee if you use another bank's ATM to make a withdrawal. Quick and ready access to your cash should be an important part of your decision in selecting the right checking account.
3. Make sure your new account has an online banking option. This means you should have the ability to transfer money among your different accounts, make balance inquiries and pay bills online from the comfort of your home, office, or anywhere with an Internet connection.
4. Choose a bank that has a forgiving fee structure. The banking industry's dirty little secret is that they made over $25 billion last year off of consumers through the charging of overdraft fees alone! In response to general consumer anger over this practice that some consumer advocates believe is abusive, some banks offer checking accounts that do not charge overdraft fees at all. Instead, for a low monthly fee, these banks will cover any overdrawn check or debit transaction (up to a pre-determined amount) without charging you an overdraft fee. This is worth looking into as it could save you hundreds of dollars per year.
5. If you have been having trouble getting approved for a checking account recently, it is likely that you have been reported to something called Chex Systems - a database that tells banks which new account applicants are potential risks. Fortunately, some banks today offer something called second chance checking, meaning that they will grant you a new checking account even if your name appears in Chex Systems. Why? Because these banks do not look at Chex Systems when considering new account applications. Have a look at a second chance checking account if getting rejected is a concern for you.
Choosing a new checking account can be a bewildering process, given all of the bank choices available to you. Consider these 5 tips when choosing the best bank for a checking account.
Need a checking account that will never, ever charge you an overdraft fee - no matter what? Check out: http://www.escape-overdraft-fees.com/.
Article Source: http://EzineArticles.com/?expert=Susan_Willis
opening an account
Setting up a bank account in the Philippines as a foreigner has become quite an onerous task. It used to be one simply walked it, provided some identification, some money and opened an account. Now, after the world seems to have been taken over by terrorism, tax cheats, and international drug cartels, banks around the world are becoming more careful about due diligence when it comes to a foreigner wanting to open an account.
Requirements are basically the same at any bank, however if you have been introduced previously to the manager or one of his or her assistants, things tend to go smoother. The Philippines is a country where personal relationships are extremely important when it comes to moving through the bureaucracy of business and government organizations.
Further, things tend to go smoother is you apply at a large international bank, especially one where you may presently have an account in your home country.
Below are listed the basic requirements for opening an account.
1. Two valid identification cards. These can be your passport, driver's license, company identification card. You need to be sure you take photocopies of these documents to provide the bank for their files.
2. A copy of a billing statement of utilities and/or credit card. The bank wants a photocopy of this so they can validate your address in the Philippines.
3. Alien Certificate of Registration. This is documents which can be obtained
from the office of the Bureau of Immigration nearest your residence. The main office is in Manila, but sub offices exist pretty much in all major cities in the Philippines.
Whether opening a bank account or not, this registration is required by the Philippines government for all foreigners who plan to stay in the Philippines for 30 days or more. You will be fingerprinted and issued an ID card. The procedure is to file an application form, provide three 2" X 2" pictures, and submit what is called the E-series ACR form in triplicate. The ACR ID card also serves as the Emigration Clearance Certificate (ECC), Re-entry Permit (RP) and Special Return Certificate (SRC) of the holder.
Recognize that the ACR is NOT issued to those in the Philippines on a tourist status. In other words, if you are in the country on a tourist visa, a business visa, or even on Balikbayan status, you are not considered to be an alien for purpose of registration. The Balikbayan status is simply considered to be a special form of visitor's visa. Either one needs to be in the country under the SSRV (special retirement program foreigners), a returning resident, or an immigrant. Foreigners married to a Philippine citizen qualify for a non-quota immigrant visa (called a 13(a) Visa. If your spouse is a USA citizen, the best way for them to revert to Philippine citizenship is to become a Dual Citizen (a special program passed by the Philippine government in 2003).
4. Initial deposit equal to the minimum balance required by the bank.
5. It is also a good idea to take a copy of your Marriage Certificate, if you are married to a Philippine citizen. Some banks also require a copy of that.
Now, having submitted these documents, be prepared for an interview and some background checking by the bank before the account is opened. This will take a week or two.
Do you want to learn more specific details about opening a bank account in the Philippines and the ACR requirement? I recommend you read my newly released book "Retirement Living in the Philippines" which is available for download at:
http://www.retirementlivinginthephilippines.com
Will Irwin is a powerful entrepreneur, and business and life coach. He has started many online and offline businesses both in the USA and in the Philippines, and he resides in both Hawaii and the Philippines.
Article Source: http://EzineArticles.com/?expert=Will_Irwin
Requirements are basically the same at any bank, however if you have been introduced previously to the manager or one of his or her assistants, things tend to go smoother. The Philippines is a country where personal relationships are extremely important when it comes to moving through the bureaucracy of business and government organizations.
Further, things tend to go smoother is you apply at a large international bank, especially one where you may presently have an account in your home country.
Below are listed the basic requirements for opening an account.
1. Two valid identification cards. These can be your passport, driver's license, company identification card. You need to be sure you take photocopies of these documents to provide the bank for their files.
2. A copy of a billing statement of utilities and/or credit card. The bank wants a photocopy of this so they can validate your address in the Philippines.
3. Alien Certificate of Registration. This is documents which can be obtained
from the office of the Bureau of Immigration nearest your residence. The main office is in Manila, but sub offices exist pretty much in all major cities in the Philippines.
Whether opening a bank account or not, this registration is required by the Philippines government for all foreigners who plan to stay in the Philippines for 30 days or more. You will be fingerprinted and issued an ID card. The procedure is to file an application form, provide three 2" X 2" pictures, and submit what is called the E-series ACR form in triplicate. The ACR ID card also serves as the Emigration Clearance Certificate (ECC), Re-entry Permit (RP) and Special Return Certificate (SRC) of the holder.
Recognize that the ACR is NOT issued to those in the Philippines on a tourist status. In other words, if you are in the country on a tourist visa, a business visa, or even on Balikbayan status, you are not considered to be an alien for purpose of registration. The Balikbayan status is simply considered to be a special form of visitor's visa. Either one needs to be in the country under the SSRV (special retirement program foreigners), a returning resident, or an immigrant. Foreigners married to a Philippine citizen qualify for a non-quota immigrant visa (called a 13(a) Visa. If your spouse is a USA citizen, the best way for them to revert to Philippine citizenship is to become a Dual Citizen (a special program passed by the Philippine government in 2003).
4. Initial deposit equal to the minimum balance required by the bank.
5. It is also a good idea to take a copy of your Marriage Certificate, if you are married to a Philippine citizen. Some banks also require a copy of that.
Now, having submitted these documents, be prepared for an interview and some background checking by the bank before the account is opened. This will take a week or two.
Do you want to learn more specific details about opening a bank account in the Philippines and the ACR requirement? I recommend you read my newly released book "Retirement Living in the Philippines" which is available for download at:
http://www.retirementlivinginthephilippines.com
Will Irwin is a powerful entrepreneur, and business and life coach. He has started many online and offline businesses both in the USA and in the Philippines, and he resides in both Hawaii and the Philippines.
Article Source: http://EzineArticles.com/?expert=Will_Irwin
2009/12/19
offshore bank accounts
Gone are the days when offshore bank accounts were considered to be illegal shelters for money launderers and tax evaders, today most people understand that an offshore account has more to do with the international management of money. However, why would anyone choose to have or use an offshore bank account?
In this report we're going to cover all the main uses for such an international and flexible account structure, highlighting the benefits and advantages of banking in such a way for many individuals - particularly those who live, work, travel or who are planning on retiring abroad.
As stated, an offshore bank account is not an illegal offering - it is a form of account structure now offered by all the leading national and international banks and finance houses. In its simplest form, an offshore account is the mirror of your plain current account that you use every day, however it is located in a nation other than the one in which you are resident!
Those who live overseas in a nation where the economic or political environment is less than stable and secure often made use of offshore accounts in the past as such an account enabled them to hold their money outside of a less than secure nation. No matter what went down in their country - inflation, devaluation of the local currency, a coup - their money was housed in a secure currency in a secure account in a secure country.
This benefit still stands for those who are working or residing in a less than stable nation for example. And this benefit can be added to for those who work in more than one country - or who regularly travel with their job too. Anyone who needs flexibility on an international scale can potentially benefit from an offshore bank account. For example, if you're paid in one currency, have financial obligations 'back home' in your old nation in a different currency and the transactions you make on a day-to-day basis abroad are in yet another currency, a multi currency offshore account could save you on exchange costs and transfer fees for example.
Those who are living overseas and who prefer to keep their financial business to themselves may select the privacy offered by an offshore bank account - others who are under no obligation whatsoever to bring their money onshore may choose to house their money offshore where they can keep it private and hidden. Finally, another widely experienced advantage is that offshore accounts often come with a whole host of bells and whistles that make your life easier. You may be given a relationship manager at the bank who can help you look after your money in the most fiscally beneficial way. Alternatively you may be offered freebies such as international airport lounge access perhaps. Additionally, you will be able to link your offshore bank account to an offshore savings account on which you may be able to earn a preferential rate of interest.
So, as you can no doubt see, if you're an international citizen, if you require flexibility, privacy and a better deal on your bank account, you may be better off with an offshore bank account. It's time you looked into your options and alternatives today to determine whether an offshore bank account could be the right choice.
Rhiannon Davies writes about the management of money for those living, working and traveling abroad and for more information and advice about offshore bank accounts or ways in which you can potentially enhance your wealth offshore, visit ShelterOffshore.com
Article Source: http://EzineArticles.com/?expert=Rhiannon_Davies
In this report we're going to cover all the main uses for such an international and flexible account structure, highlighting the benefits and advantages of banking in such a way for many individuals - particularly those who live, work, travel or who are planning on retiring abroad.
As stated, an offshore bank account is not an illegal offering - it is a form of account structure now offered by all the leading national and international banks and finance houses. In its simplest form, an offshore account is the mirror of your plain current account that you use every day, however it is located in a nation other than the one in which you are resident!
Those who live overseas in a nation where the economic or political environment is less than stable and secure often made use of offshore accounts in the past as such an account enabled them to hold their money outside of a less than secure nation. No matter what went down in their country - inflation, devaluation of the local currency, a coup - their money was housed in a secure currency in a secure account in a secure country.
This benefit still stands for those who are working or residing in a less than stable nation for example. And this benefit can be added to for those who work in more than one country - or who regularly travel with their job too. Anyone who needs flexibility on an international scale can potentially benefit from an offshore bank account. For example, if you're paid in one currency, have financial obligations 'back home' in your old nation in a different currency and the transactions you make on a day-to-day basis abroad are in yet another currency, a multi currency offshore account could save you on exchange costs and transfer fees for example.
Those who are living overseas and who prefer to keep their financial business to themselves may select the privacy offered by an offshore bank account - others who are under no obligation whatsoever to bring their money onshore may choose to house their money offshore where they can keep it private and hidden. Finally, another widely experienced advantage is that offshore accounts often come with a whole host of bells and whistles that make your life easier. You may be given a relationship manager at the bank who can help you look after your money in the most fiscally beneficial way. Alternatively you may be offered freebies such as international airport lounge access perhaps. Additionally, you will be able to link your offshore bank account to an offshore savings account on which you may be able to earn a preferential rate of interest.
So, as you can no doubt see, if you're an international citizen, if you require flexibility, privacy and a better deal on your bank account, you may be better off with an offshore bank account. It's time you looked into your options and alternatives today to determine whether an offshore bank account could be the right choice.
Rhiannon Davies writes about the management of money for those living, working and traveling abroad and for more information and advice about offshore bank accounts or ways in which you can potentially enhance your wealth offshore, visit ShelterOffshore.com
Article Source: http://EzineArticles.com/?expert=Rhiannon_Davies
2009/12/18
Privacy Policy
Privacy Policy
Open a bank account takes your privacy seriously. This privacy policy describes what personal information we collect and how we use it. See this privacy policy primer to learn more about privacy policies in general.
Routine Information Collection
All web servers track basic information about their visitors. This information includes, but is not limited to, IP addresses, browser details, timestamps and referring pages. None of this information can personally identify specific visitors to this site. The information is tracked for routine administration and maintenance purposes.
Cookies and Web Beacons
Where necessary, "open a bank account online" uses cookies to store information about a visitor's preferences and history in order to better serve the visitor and/or present the visitor with customized content.
Advertising partners and other third parties may also use cookies, scripts and/or web beacons to track visitors to our site in order to display advertisements and other useful information. Such tracking is done directly by the third parties through their own servers and is subject to their own privacy policies.
Controlling Your Privacy
Note that you can change your browser settings to disable cookies if you have privacy concerns. Disabling cookies for all sites is not recommended as it may interfere with your use of some sites. The best option is to disable or enable cookies on a per-site basis. Consult your browser documentation for instructions on how to block cookies and other tracking mechanisms. This list of web browser privacy management links may also be useful.
Contact Information
Concerns or questions about this privacy policy can be directed to searchtags@gmail.com for further clarification.
Open a bank account takes your privacy seriously. This privacy policy describes what personal information we collect and how we use it. See this privacy policy primer to learn more about privacy policies in general.
Routine Information Collection
All web servers track basic information about their visitors. This information includes, but is not limited to, IP addresses, browser details, timestamps and referring pages. None of this information can personally identify specific visitors to this site. The information is tracked for routine administration and maintenance purposes.
Cookies and Web Beacons
Where necessary, "open a bank account online" uses cookies to store information about a visitor's preferences and history in order to better serve the visitor and/or present the visitor with customized content.
Advertising partners and other third parties may also use cookies, scripts and/or web beacons to track visitors to our site in order to display advertisements and other useful information. Such tracking is done directly by the third parties through their own servers and is subject to their own privacy policies.
Controlling Your Privacy
Note that you can change your browser settings to disable cookies if you have privacy concerns. Disabling cookies for all sites is not recommended as it may interfere with your use of some sites. The best option is to disable or enable cookies on a per-site basis. Consult your browser documentation for instructions on how to block cookies and other tracking mechanisms. This list of web browser privacy management links may also be useful.
Contact Information
Concerns or questions about this privacy policy can be directed to searchtags@gmail.com for further clarification.
About us
About
Open a bank account is a blog about the best rates and the best services for credit cards.
This website will try and provide helpful advice, information about products to help in the process, etc.
You can contact us at:
searchtags@gmail.com
Or by regular mail at:
Frank Rosen
Aldestrasse 19
8001 Zurich
Open a bank account is a blog about the best rates and the best services for credit cards.
This website will try and provide helpful advice, information about products to help in the process, etc.
You can contact us at:
searchtags@gmail.com
Or by regular mail at:
Frank Rosen
Aldestrasse 19
8001 Zurich
2009/12/17
how to open bank account
If you want to get a bank account when you have bad credit history, you are going to run into a few stumbling blocks. First, if you have bad credit, you won't be able to open a bank account. Anywhere. Second, if you don't have a bank account, you can kiss any opportunities of ever getting any credit - pretty much all lenders will want proof that you have a bank account.
Now If you can't open a bank account, you should understand a bit about what's causing the problem. It's called ChexSystems.
What is the Chex System
Chex System is an bank network designed to prevent people who have a history of bank fraud from starting new accounts. The way banks keep tabs on this is that if you do something suspicious (bouncing checks, closing down a lot of accounts, etc), you get entered into a global network that all banks have access to.
How Long Will I Stay in Chex System
You will stay in the system for roughly 5 years.
What to Do if I Get Entered Into the Chex System
This is the big question. If you find yourself in Chex System, you wont' be able to get a normal bank account. This can, clearly, cause you some financial difficultly. These days, not having access to a banking account is the equivalent of losing an arm and leg. To address the growing number of people who have been blacklisted from banks because of credit issues, some lenders have put together special online accounts that offer banking services to people who are unable to open any other banking account. These are called second chance accounts.
If you have bad banking credit, you are going to have to open one of these second chance accounts. Now here's the thing - second chance accounts are expensive accounts. You will pay much more in fees than you would for any other bank account. That's part of the price you are going to have to pay to have second chance account. You are going to have to decide whether it's worth it or not. For many people, it is indeed worth it. Your really won't have any other choice.
To get a second chance bad credit account, you will have to start your search online. There are many internet banks now offering this type of account, so with a bit of looking around, you would have too many problems finding the account.
Getting a checking account when you have bad credit is important because without an account at a bank, your options are quite limited in the financial world. A second chance bank can give you the opportunity to have a second chance.
Learn how to bad credit bank account without having to worry about getting rejected.
Article Source: http://EzineArticles.com/?expert=David_Woo
Now If you can't open a bank account, you should understand a bit about what's causing the problem. It's called ChexSystems.
What is the Chex System
Chex System is an bank network designed to prevent people who have a history of bank fraud from starting new accounts. The way banks keep tabs on this is that if you do something suspicious (bouncing checks, closing down a lot of accounts, etc), you get entered into a global network that all banks have access to.
How Long Will I Stay in Chex System
You will stay in the system for roughly 5 years.
What to Do if I Get Entered Into the Chex System
This is the big question. If you find yourself in Chex System, you wont' be able to get a normal bank account. This can, clearly, cause you some financial difficultly. These days, not having access to a banking account is the equivalent of losing an arm and leg. To address the growing number of people who have been blacklisted from banks because of credit issues, some lenders have put together special online accounts that offer banking services to people who are unable to open any other banking account. These are called second chance accounts.
If you have bad banking credit, you are going to have to open one of these second chance accounts. Now here's the thing - second chance accounts are expensive accounts. You will pay much more in fees than you would for any other bank account. That's part of the price you are going to have to pay to have second chance account. You are going to have to decide whether it's worth it or not. For many people, it is indeed worth it. Your really won't have any other choice.
To get a second chance bad credit account, you will have to start your search online. There are many internet banks now offering this type of account, so with a bit of looking around, you would have too many problems finding the account.
Getting a checking account when you have bad credit is important because without an account at a bank, your options are quite limited in the financial world. A second chance bank can give you the opportunity to have a second chance.
Learn how to bad credit bank account without having to worry about getting rejected.
Article Source: http://EzineArticles.com/?expert=David_Woo
Subscribe to:
Posts (Atom)