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Debit card

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One of the ways that some banks are trying to lure customers is by beefing up their checking account offerings. Rewards checking accounts are becoming more common, including high yield checking accounts that offer a fairly high rate of return. While any return isn’t going to be particularly attractive right now, earning something on your checking account is better than nothing. [ad#Content 300×250] It is important to be careful, though, when you consider high yield…

Earlier this week, Federal Reserve rules requiring banks to get your permission for debit card overdrafts went into effect. This might not be much of a surprise to you, since your bank has probably been sending you information, and encouraging you to opt in. If you do not opt in, any debit card transactions for amounts you do not have in your checking account will be denied. The End of Automatic Debit Overdraft Protection Prior…

Many debit cards are now offering rewards programs when you make purchases. This can be a real money saver as part of your budget if you are earning rewards that can be used for travel — or even cash back. A number of banks, including KeyBank, PerkStreet Financial, Fifth Third and others now offer perks ranging from cash back to travel rewards to warranties on purchases. One of the nice things about reward debit cards…