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Banking

Do Not Be Scared To Make These Financial Decisions

There are so many financial decisions you’re going to have to make in your life eventually. So you need to make sure you aren’t scared of the important ones. Don’t worry too much about every decision you have to make. As long as you are sensible and think carefully about what you’re doing, you have nothing to worry about.

Sort Out a Pension

You have to do as much as you can right now to make sure you have your future sorted out. There are a lot of things you can do to achieve that. And the best way of working towards it is to think about saving for a pension. This is a vital part of planning for the future and making yourself more financially comfortable. But, you also need to make sure you make the right choice. Many people see pensions as a gamble, so they are reticent to even consider them. But, if you focus on choosing the right one you’ll have no immediate problems.

November 30, 2016

Banking

3 Ways To Avoid NSF Fees

What are NSF fees?

NSF or nonsufficient funds fees are charged by your bank if you write a check and it bounces due to lack of funds. Most banks charge a fee of $40 or more, so this is definitely a fee you want to avoid.

You can prevent NSF fees by doing the following:

December 17, 2012

Banking

What Is CDIC And Why Is It Important?

What is CDIC?

While some Canadians bank at credit unions, many more deal with the big banks. The major banks in Canada are all insured by the Canada Deposit Insurance Corporation (CDIC). So, just what exactly is CDIC? Well, it’s actually a federal Crown corporation that was created by the Canadian Parliament in order to protect your deposits in case the bank ever happened to go under.

What CDIC is NOT

CDIC is not a private insurance company and neither is it a bank. The main point of the creation of CDIC is to help keep Canada’s financial system as strong as possible.

November 22, 2012

Banking

Moving To Egypt? Here Are A Few Banking Tips

Living in another country can be quite a challenge. Below is a guest post submitted by a reader about how to do banking in Egypt, however, many of the tips mentioned below could be applied to living in other countries as well.

The Challenges You Will Face In Egypt

Buying food and clothes, the use of public transport, school enrolment, bank accounts, the language barrier – the list goes on and on. These are probably just a few of the many worries and concerns any Western family might have prior to setting up a new home in Egypt. But with the worry will also come anticipation, exhilaration and maybe the sense of embarking upon some huge adventure.

Concerns over banking are likely to center around ease of access to your hard-earned cash. However, there’s really nothing to worry about because Egyptian banking services are every bit as good as their Western counterparts. And you’ll recognize some familiar names, too. Go online and check out Egypt savings accounts from HSBC, or current accounts from Barclays. Both banks have dozens of branches and ATMs spread throughout Cairo, Alexandria and many of the other major towns and cities in Egypt.

November 9, 2012

Banking

The Advantage Of Banking At Your Local Credit Union

Credit Unions are unique in that each client that uses their services is considered a member and not just a customer. Credit Unions are cooperatives so they operated differently than the regular banks as well. Most communities across Canada have a local credit union that offers financial services as a local alternative to the larger Canadian financial institutions.

What are some advantages of credit unions?

Credit Unions are community focused.

For one, credit unions are very community focused. So, when you become a member of a credit union, you are indirectly giving back to your community. Credit Unions often provide loans to local entrepreneurs and they often donate a lot of their profits to local programs and charities. While the big banks are concerned about their shareholders, credit unions are more concerned about the local communities in which they serve.

October 26, 2012

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