Banking Blog

There’s more to banking than just paying bills and saving for a rainy day. Whether you’re trying to grow your savings faster, find a better way to pay friends instantly, or just teach your kids about money, we’ll help you get the most from your bank account — or find a better one.

Featured Articles

Do Check-Cashing Services Provide a Banking Alternative?

A couple of weeks ago, Business Insider published an amazing article by Alex Morrell...

Trent Hamm
Trent Hamm
Nov 13, 2019
How Does A Bank Work?

The Basics of Banking Recently, I received a lengthy email from a reader who had a ton of basic personal…

Trent Hamm
Trent Hamm
Aug 16, 2019
What Do You Need to Open a Bank Account?

To get started, make sure you’re eligible to open an account. You’ll need to be at least 18 years old…

Cynthia Paez Bowman
Cynthia Paez Bowman
Nov 21, 2019

Most Recent Articles

The Fed Cuts Rates – What Does That Mean For Me?

Whenever the Federal Reserve makes a move, it dominates headlines. I watched CNN for a while yesterday while waiting for…

Trent Hamm
Trent Hamm
Jan 23, 2008
An Introduction To Compound Interest With Spreadsheets, Part 3: A Simple Mortgage Calculator

Regular compound interest is (basically) the way most loans and savings accounts work, including home mortgages. Here, we’re going to…

Trent Hamm
Trent Hamm
Dec 18, 2019
An Introduction To Compound Interest With Spreadsheets, Part 2: Monthly Compound Interest, APRs, and APYs

Previously, we discussed how compound interest works on a year-by-year basis, but in the real world, interest is usually compounded…

Trent Hamm
Trent Hamm
Dec 19, 2019
An Introduction To Compound Interest With Spreadsheets, Part 1: Getting Started And Defining Compound Interest

Several readers have written me excitedly asking how exactly I do some of the calculations on this site and how…

Trent Hamm
Trent Hamm
Dec 18, 2019
How My ATM Card Directly Cost Me $30.28 In One Month – And How I Avoid Such Mistakes Today

While doing some calculations for my income taxes, I stumbled across the statement from my checking account for February 2006,…

Trent Hamm
Trent Hamm
Feb 22, 2007
Thinking Of Making A Banking Change? Here’s How To Compare Competing Bank Accounts

Recently, I’ve received emails from people asking me what I think of various checking accounts, such as ING’s Electric Orange…

Trent Hamm
Trent Hamm
Feb 3, 2007