Tagged With "banking"

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Re: Get $100 when you open a new account with Aspiration!

Wanda J. ·
I keep getting emails! Took $2 out of account!
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Re: Get $100 when you open a new account with Aspiration!

Briana ·
We're going to contact Aspiration to make sure they connect with you asap. Thanks for letting me know!
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Re: Get $100 when you open a new account with Aspiration!

Bonnie Squires ·
WANDA J. I think the $2 they took out is monthly fee Which you can set to 0 . You will need to go into your setting and change it. I'm on a lap top so I don't no if its different from a phone but you can see where it has Pay What Is Fair It be fee setting click this and you can change it to 0 or up to $20 I think. MOORE INCOME my be able to help more. I just open my account so i'm still learning.
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Re: Get $100 when you open a new account with Aspiration!

Bonnie Squires ·
BRIANA could all so could be a monthly fee to. If so than it would need to be changed.
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Re: High-interest savings accounts

BJLEE ·
Is it easy to transfer money to an online savings account such as Ally or Marcus? How does the transfer work?
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Re: High-interest savings accounts

AverageJoe ·
It is relatively easy. One takes and signs up for an account at the online bank of choice, fills out the requested information along with the amount to be transferred, and then there is usually a verification process, ie, the bank you're transferring will put in two small transfers to your account at the regular bank that equal less than a dollar. After these two have cleared, they will allow you to have the transfer take place. It usually takes anywhere from 3 to 7 days to ensure that the...
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Re: High-interest savings accounts

BJLEE ·
Does it charge for each transfer? @AverageJoe
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Re: High-interest savings accounts

AverageJoe ·
BJLEE, I have never heard of anyone being charged a fee unless they sign up for an account that requires a certain amount to avoid such fees.
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Re: High-interest savings accounts

BJLEE ·
Have any of you heard good things about Chime Banking? @AverageJoe @Moore Income
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

Former Member ·
From what I've read, online only banks are safe as long as they are FDIC insured. It's just like how you use the app or website for your regular bank - just without that brick-and-mortar overhead. One thing to remember though: *personal* online security is still up to you. (aka maybe don't use your banking apps when you're on the free coffee shop WiFi.) The bank will take security measures on its end so you can use the app or website safely, but you still need to practice good online habits.
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

mintjulep ·
Thank you Lisa! I know some of the on-line banks, like Ally, have been around a while, I'm wondering if there is a way to check out their performance. I assume if they advertise FDIC insured that's a first step.
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

Theodora ·
@mintjulep For what it's worth, I've heard such great things about Ally from lots of credible sources. I just opened an account with them and the experience has been excellent so far. They offer paper checks as an account feature -- which I couldn't find at any of the other online banks. (I have had to work with a lot of contractors, handymen and landscapers in the past year that still only take checks.)
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

mintjulep ·
Thank you for your input about Ally, Theodora. I really want to make this move!!
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

Moore Income ·
I just opened an account with Empower and will be putting some money in there shortly. FDIC insured is something you can usually count on. I personally enjoy trying out new things and am usually one of the first to test these new things. There is a always some measure of risk involved but as long as the company is reputable and isn't promoting anything that I would deem to be sketchy, I will usually at least give them a shot. As mentioned above, it really just depends on you and weather you...
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

mintjulep ·
I definitely think it is worth it. I don't put all my eggs in one basket anyway, even when it comes to just a checking account, so why not get as much interest as is available. I'd love your input on the various online banks as you try them @Moore Income! You've listed some others that I've not been aware of. Thank you!
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

Former Member ·
@Moore Income how do you strategize what money goes into what account, and how do you stay organized? I recently consolidated some of my cash and closed some extraneous accounts, mostly for simplicity's sake. How do you maximize your 6 checking accounts?
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

Moore Income ·
@Former Member Good question. I personally am just testing most of them to see howh they work and such and I usually just start with a set amount. I have moved money between a couple due to a better interest rate but I haven't really added much to the accounts besides the initial deposits. I am starting to add more to My Haven account since they have a 2% interest rate (up to 4% if you refer people) they also allow me to connect all my other accounts to manage my money in one place. So...
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

Moore Income ·
@mintjulep message me and I can share more details about each one and what the pros and cons are.
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Re: Traditonal or non traditional

AverageJoe ·
I would say to go with a mutual fund or to go to your county court house to see if there are any properties that have back taxes. One can make anywhere from 6-12% on the money they pay in back taxes on someone else's property! We have done this a few times, and it was good. But one always needs to check the property's condition, ability to sell, just in case you end up with the property. More often that not, if you do, it will be of much greater value than what you paid for the back taxes.
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Re: Traditonal or non traditional

AverageJoe ·
As far as savings accounts, you could keep going to the high interest savings accounts. The regular savings accounts are a good tool for kids to start learning the value of money, but for adults, the higher interest rate accounts are the way to go.
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Re: Traditonal or non traditional

Theodora ·
Thanks for this @AverageJoe Would love to learn more about the property/back tax investment option. Any good resources you can recommend to explore this in more detail.
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Re: Traditonal or non traditional

AverageJoe ·
I talked to a local realtor friend of mine. I also spoke to an investor in the town I grew up in while I was visiting there. The thing one needs to remember on these is that you may not get your money back for up to two or three years. But, you still get the interest as well. If the person never pays the back taxes, you get the first right to buy the property, sometimes for the costs of the back taxes alone. It is an involved process...I don't remember if it was Robert Kyosaki (Rich Dad Poor...
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Re: Traditonal or non traditional

Mo Brownies ·
Thank you for the info!
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Re: Traditonal or non traditional

Moore Income ·
I personally have been transferring my money to higher yield savings accounts without all the fees. There are so many new services out there that give you much higher interest than local banks. They are going to have to start competing or they are going to fall behind. The fact that they give so little interest and charge fees is not appealing to me at all. I had about $120 in my local savings account and I transferred it to my checking right before Jan. because I wasn't sure if my paycheck...
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Re: Traditonal or non traditional

AverageJoe ·
I liked my return on investment on the tax lien certificates, but there was way too much involvement for me at the time, and I didn't have the time. But, many of my friends ended up making a good chunk of change in it, Im thinking of going back to it again.
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Re: Traditonal or non traditional

Lucy ·
@Mo Brownies - I think more and more people are moving away from store front banks to online banking. You make way more in interest and you can deposit checks or do direct deposit just as easily.
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Re: Traditonal or non traditional

Mo Brownies ·
I live in NY - and unforuntately, from my quick research. this isnt possible. they only sell wholesale. Also you have to be a holding company. i think westchester county may allow for the public to buy. But it does seem like alotof involvment.
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Re: Traditonal or non traditional

Mo Brownies ·
I have now considered putting my emergency fund in a online CD account for 2.90 APY. its money i shouldnt be touching and hopefully i dont- but if anything I do have credit card I can use. Ive been thinking about doing the 12 months or 24 months CD. nothing more then 2 year. Doing the calculations - if i put 10k in, thats can be $285 or $588 respectivetly. Not bad for a year or 2 years.
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Re: Traditonal or non traditional

FreebiePharm ·
Forgot what the topic was after all the discussion...LOL...but definitely pays to go non-traditional these days...
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Re: Traditonal or non traditional

Bonnie Squires ·
i think we have some thing like this in KS. I just don't no how to find the list here. I found out throw that the 1 bedroom house sold for $3000 back taxes. The person who brought it or paid the taxes has the house looking really nice now.
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Re: Traditonal or non traditional

AverageJoe ·
If I could find the right properties here, I would do so. One friend made over $345K last year in five states. That's a great return for his $45K investment
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Traditonal or non traditional

Mo Brownies ·
Hi Everyone, I am thinking about closing my traditional bank account like TD and Chase. I already have 1 online high yield interest bearing savings account and im thinking about going all in. I no longer want to see an interest of .01 cent every year? or have to keep a minimum in order to avoud fees. What do you guys think?
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Worried about mobile apps for savings and banking; put my mind at ease, please

mintjulep ·
I'm nervous about the solidity of some online-only banks, but there is the carrot of fabulous interest rates. I noticed the app discussed recently at Penny Hoarder, the Empower app, is FDIC insured up to $250,000. I'm interested in getting as much interest as possible on reserve cash, as anyone, but am I being overcautious here? How much confidence should we have in these online-only banks?
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High-interest savings accounts

Alexis Grant ·
Savings accounts interest rates seem to be improving! We moved money to this account this weekend because of its 2.4% yield: https://www.mysavingsdirect.com/ (I have no affiliation with that bank, it's just the best rate we found.) Anybody else using a high-interest savings account we could all benefit from knowing about?
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Discover Savings Accounts

Lucy ·
Just FYI - Discover Savings Accounts offering 3% on savings. This beats standard Bank rates. Just passing along the info...
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Online checking account for business - recommendations?

Former Member ·
I have an LLC for my freelance writing/editing work, and for a few years I've had a separate checking account for those funds. I recently realized that I don't have enough cash in the account to have the monthly "maintenance" fee waived - so I'm losing $15 a month! I know my freelance business hasn't been super busy these days, but I'd certainly like to hold on to most of the money I've earned, you know? I'd love to hear about your experiences with online-only checking accounts for your side...
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Savings Account Apps?

Moore Income ·
Interested to know if anyone out there is using any savings account apps to save money. I personally have been using GRAND for a while now. They charge $2 a month but as long as you save money, every week they have a drawing and every week I have won $1. They pay a 1% interest rate. It has been a great way to save money without really noticing it is not in my checking anymore. I have also used Aspiration which pays a decent amount and am trying out the Empower app. Anyone else know of any...
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Bad customer service from online banks?

Theodora ·
I recently opened an account with Ally Bank. I've only had to call customer service twice but already noticed that call wait times are significant. Has anyone else experienced this (or other customer service issues) with online banks? The need doesn't come up often to converse with a human at a bank -- but when it does (and it comes to your money) it's nice to know it's not difficult to get support.
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Best On Line Savings/Money Market Accounts

Lucy ·
Does anyone have good input on regarding on line savings/money market accounts? Love to here your feedback. Thank you!
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Get $100 when you open a new account with Aspiration!

Briana ·
Many of you either know of or have been asking about, Aspiration. Well here's a pretty cool offer they're rolling out exclusively for Penny Hoarders - right now you can earn $100 by opening an Aspiration account. How cool! Here are the steps to follow: Open your Aspiration Spend & Save Account by April 30, 2019. Set up and receive a direct deposit from your paycheck or government benefits by June 28, 2019. You’re good to go! Keep your eyes peeled for that $100, which will appear in your...
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Re: Bad customer service from online banks?

Bonnie Squires ·
THEODORA I'm sorry you had this trouble. I don't use big banks but i'm living in a small town.
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Re: Bad customer service from online banks?

Moore Income ·
@Theodora I use quite a few different online banks and investment apps and in my experience, it can vary from company to company. Some I call and get right away while others have long wait times. One investment company got rid of their telephone support completely and now only communicates via email. With a lot of financial institutions (banks, insurance, etc.) they tend to fall short when it comes to providing quality, quick customer service. That is one of the perks of having a local bank...
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Re: Bad customer service from online banks?

Barbara Hajduk ·
I have my savings account with Ally and have never had any issues with customer service. I love the great interest rate we get with that account. Thinking of opening a checking account with them too.
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Re: Bad customer service from online banks?

All we need is love! ·
Never heard of ally definitely will look into
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