Strategies to Sidestep Monthly Maintenance Fees at Regions Bank
Regions Bank, based in Birmingham, Alabama, offers ways for customers to avoid various banking fees by meeting certain criteria. Understanding how to bypass these fees can save you significant amounts annually. Here’s a guide on how to avoid Regions Bank’s fees for different accounts. ### Checking Account Fees Regions Bank’s checking account fees start as…
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10 New Cars That Are Struggling to Leave the Dealership Lot
Cars don’t make money just sitting on the lot, so car dealers often offer price cuts and other incentives to move slow-selling cars and make room for new inventory. In 2024, Stellantis-made cars have been the hardest to sell, according to CarEdge. This could mean potential deals on these vehicles, though they might still be…
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6 Essential Steps to Consider for a Government-Backed Refinance
If you’re thinking about refinancing your government-backed or conventional mortgage, a government-backed refinance might be a good option. These loans, guaranteed by agencies like the FHA, VA, and USDA, come with specific requirements. ### What Is a Government-Backed Refinance? A government-backed refinance involves replacing your current mortgage with a new loan guaranteed by a government…
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Key Features to Consider When Choosing a Savings Account
Most financial experts suggest keeping three to six months’ worth of funds easily accessible in a savings account. But which type of savings account should you choose? Unlike the limited options in 15th century Europe, today you can pick from traditional savings accounts, high-yield savings accounts, and money market accounts. So, what should you look…
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A New Movement Making Homeownership More Attainable for Americans in 2024
In 2023, around 2.4 million renters in the U.S. were unable to buy their own homes due to rising costs, as reported by Habitat for Humanity. The median income required to afford a home increased by 20%, reaching $117,000. However, the average income in the U.S. was only $57,406, according to DemandSage.com. Even with two…
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Exploring Your First Credit Card: Steps and Considerations for Beginners
Credit cards can be really useful financial tools. They can help you build or repair your credit, making it easier to get loans with better rates. They also offer protection when traveling and against fraud, and you can earn rewards points or miles. If you don’t have a credit card, you’re not alone. A recent…
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Understanding the Federal Funds Rate: Current Figures, Determination Process, and Historical Trends
The U.S. economy goes through repeating cycles, each with different stages that can be either beneficial or harmful. Even the beneficial stages can have negative effects if not controlled properly. To maintain financial stability and avoid extreme swings within these cycles, the federal government uses monetary policy, with the federal interest rate being a crucial…
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Strategies Baby Boomers Use to Maintain a Debt-Free Lifestyle
Most baby boomers aren’t dealing with credit card debt. A recent survey by GOBankingRates found that 52% of Americans aged 65 and older reported having no credit card debt at the time of the survey. Additionally, 53% of this age group said they hadn’t accumulated any new credit card debt in the six months prior…
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Is It Possible to Deposit Cash at an ATM?
If you can’t get to a bank during regular hours, using an ATM is a handy option. You might be asking, “Can you deposit cash at an ATM?” The answer is yes, but you need to find one that accepts cash deposits. Many ATMs offer this feature, giving you a flexible way to manage your…
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Understanding Chase Overdraft Fees: Costs and Strategies to Prevent Them
If you write a check or use your debit card for more money than you have in your checking account, it’s called an overdraft. Chase charges $34 for each overdraft, with a maximum of three overdraft fees per day. However, if the purchase is $5 or less, Chase will waive the fee. Overdraft fees are…
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