Monthly Archives: November 2017

Choose Between Banks

As long as you are receiving the services that you desire, you are prone to stick with that financial institution. If you choose to do business with a certain bank, make sure that you are happy with the customer service. Ask about fees associated with various accounts. Depending on your needs, you may need a checking account, savings account, or both.

Find out how lost credit cards, overdrafts, and debit card purchases are handled.

Create a List

Create a list of things that you want from one of the reputable banks in your area. Then you can decide on a financial institution based on your banking needs.

Services Offered

Most banks offer a wide range of services. Services can include retirement savings, investment options, and online bill payment.

Other services offered generally include:

– Online Banking
– Mobile Banking
– Text/Web/Apps
– External Funds Transfer
– ATM/Debit Cards
– Telephone
– Wire Transfers
– Electronic Statements
– Cash Management
– Merchant Credit Card

These days, you will usually have access to funds at your local branch, online, and through ATM withdrawals. Most banks also offer loan services for mortgages and secured credit.

Doing Business Online

Online banking has made it possible for customers to check their balances and receive monthly statements. Most banks offer free online services, and you can feel secure doing business over the Internet. You can access your funds 24 hours a day, seven days a week. You will have access to your existing E-statements. You can transfer money between each of your accounts, make your loan payments, and see an overview of your transactions.

Mobile Capabilities

When you are traveling, what better way to complete transactions at your financial institution than by mobile banking. As long as you have a smart phone or other mobile device, you can conduct business transactions. You can even receive your account balances via text messaging. It is a quick way to check on your account without a physical visit to the bank.

Mobile connection allows you to receive current and available balances, review previous transactions, and see existing balances on all of your accounts. All you have to do is text a brief command from your mobile phone, and the information will be quickly delivered to your device.

Cash Management

Business owners can manage their money through cash management services offered by many banks. As a business owner, you will have control over your daily finances, be allowed to create multiple account users, and also have the ability to initiate ACH deposits.

 

Pick The Right Financial Advisors

Investors watched their portfolios grow exponentially, and retirement seemed secure. The economy was so strong even the country’s best financial advisers were left wondering if they’d have a job.

But alas, the economy went into recession. Those early retirement dreams became a less realistic option. These days we need to know about yields, rates of return, and, dare we say, risk!

That leaves many people feeling pressured and over their heads. This is where businesses can step in to help their employees decide how and where to invest their money.

Where Do I Start?

That depends on what you want the financial advisers to do. Do you want help with estate planning, or is it your child’s college fund? What about advice on which stocks to pick or how to withdrawal cash from retirement funds without draining your account? Determining where to start depends on your desired outcome, and the good news is financial advisers come with many specialties.

Once you decide what you need, ask people that you trust for referrals. Seek out someone you don’t mind divulging personal financial information to.

Next, find out what your potential advisor did before becoming an advisor. Was he/she a math expert who majored in statistics at college? Do they have an advanced degree in accounting or business? The answer to these types of questions can tell you a lot about the Ivory Tower experience someone may have, and whether it’s relevant enough for your trust. You want someone with good character, much like you would in choosing a good doctor or lawyer.

How Do Financial Advisers Charge?

Many people are intimidated by costs but have no idea what they are. This is normal, and there are many ways in which an advisor might charge you.

Charging you a commission on products (or stocks) bought and sold is the most typical form of remuneration. Some, however, might charge a flat fee or yearly retainer, or a combination thereof. The best advice: do some comparison-shopping just as you would for a vehicle or any other significant purchase.

State Registered Advisors Must Be Licensed

Those who give advice on how someone should invest their money should be registered with the state in which they practice. For instance, in Washington State, all financial advisors must register with the Washington State Department of Financial Institutions in order to practice. Check with your state to see what the requirements are, and be sure to check for prerequisites pertaining to admission, such as testing and education.

You can also check the state records for complaints: legal judgments, bankruptcies, criminal charges, and government orders. All of this information is kept on file by the state and are available to the public.

Online Financial Hackers Are Stealing From Your Wallet

The next moment, you are bombarded with a long list on your credit card bill-transactions you may not even have dreamed of making in the first place. What happened? What will you do? As you flood yourself with all the possible and endless possibilities, you will begin to realize that you have been hacked! While the rise in technology has given us a lot of convenience, it has also posed a greater potential threat if we are not careful on how to propagate its use.

How did they get your vital information?

1. Skimmers

What are skimmers? Skimmers are devices used to scan and store your personal data from your credit or debit cards. There are many forms of skimmers and various ways to transfer data from a skimmer to a hacker’s device.

One of the most popular type of skimmers are those inserted in ATM card slots. Often, you may think that you are just doing normal bank transactions only to find out the next few days that your whole account has been hacked and emptied. Another form of skimmers are those used by waiters, bar tenders and other people you may be giving your credit card to but are unable to follow or see where they are going with your card. They would simply swipe your card on their skimmer device and all your data gets stored there. Some hackers go to the extent of distracting clerks in stores and swapping the device used to swipe your card and replacing it with one of their owns. As the clerks continue to swipe in peoples cards, the device continues to store information until such time the hackers will return for the device. Skimmers are often used with devices which have the use of credit or debit cards but are unmanned. This is easier for them to manipulate and get all they need.

2. Phishing and Malwares

This is a very popular modus operandi. Somebody sends you an email-it may even come from an address you know and sends you an attachment that seems to pose no harm in it. When you open it, malware immediately gets into your device and gathers all your information. This is why you need to keep your financial information from emails that you open in public computers. Make sure that you only open important information on devices that you trust.

We can never avoid the advancement in the way people obtain and steal our information and assets as the development grows side by side with the development with technology. Hackers will do all that they can to try to squeeze out anything and everything from you. Take caution all of the time.

Financial Planning Service

People can easily come around with one or the other form of business. Either they own it or work for it. Each of these businesses thus has their financial statements and records. Without these, the business may well disappear.

There are many forms of finances that a person might practically have to deal with. There are the mutual fund investments. There are the hedge funds and many more. There are many best financial services companies that are present nowadays that help people.

These financial services companies ensure of the very fact that people do get the best results from the business that they are in. There are various advantages that people may enjoy if they hire the financial service companies.

Financial planning:
Before moving further on the topic, people should understand that what exactly is the financial planning? This is something that can help people in a long course of time and thus help in managing the finances the best.

Why Recruit the Financial Service Companies?
There are many reasons why a person should think of hiring these services. Financial services can be well considered as one of the very important services, and the following are the various advantages that the companies providing them can guarantee:

• Consulting: Yes! The financial consultancy services are one of those most important things that are necessary before any decision to invest. Consulting helps in various things. People can ensure that they are getting through with the most important knowledge of finance and these companies do provide with that.
• Taking Care: the main aim is to take care of each and every financial gains and loss in the company. Evaluating them and taking the necessary actions. These can be done by the professionals only, and this is the only reason why people should ensure that they do have one of these financial companies to aid them.

Apart from these two important advantages that people can come around with they should also ensure that there will be much more advantages if people select the best ones for themselves. Only the very top financial services companies can ensure of the fact that the best services will be provided.

The following are the best advantages of recruiting the top notch services:
Free Services: The top financial service companies believe in the very fact that the people can only get the very best of the results if they do have a hope in the fact that their services by no means are frauds. This is the exact reason why they provide the people with the various free financial planning services.

Varied Services: This is again one of the major advantages of the top notch companies. The very first thing is that each and every company that is top notch is there because of the excellent knowledge that they do possess. They believe in the fact that the various services that they will provide ill attract the customer’s attention. They have knowledge about various things like portfolio management.