Facebook Wants to Be Your Online Bank
Someday soon, Facebook users may pay their utility bills, balance their checkbooks, and transfer money at the same time they upload vacation photos to the site for friends to see.
Someday soon, Facebook users may pay their utility bills, balance their checkbooks, and transfer money at the same time they upload vacation photos to the site for friends to see.
It's call remote deposit capture technology, and you've probably seen it advertised: Snap a smartphone picture of a check, send the image to the bank, and your deposit gets credited. Easy. And while only 3% of banking customers use it now, it could be the killer app that lures most of us into online banking.
Tens of millions of Americans take to the Web regularly to do our most important financial business. As we do, the company Corporate Insight is tracking which institutions are offering customers the best new online innovations. Here's what CI found:
For all the anti-bank anger erupting across the country, relatively few of us are actually leaving our financial institutions.
If you decide to switch banks to avoid fees, here's a list of handy reminders to make the transition smooth and complete, courtesy of NetBanker, an online finance and banking website:
Columnist Laura Rowley cuts through the hype and explains how she found banks that would pay her for her checking account instead of the other way around.
Many of us have our bank accounts running almost on autopilot: Paychecks go in and bills get paid automatically, and any details we need to deal with are handled easily online. But these conveniences come at a price -- they make it too much trouble to leave a bank, even when its fees get outrageous.
Steve Jobs revolutionized so many aspects of our lives. One often overlooked area: Our money. His products fundamentally changed wired Americans' relationship with their finances -- from how and when we shop and bank to our awareness of our net worth.
While thousands of Americans unleash their anger at big banks in protests around the country, many more are registering their dissatisfaction from their keyboards. In the wake of last week's news that Bank of America is adding a new $5 fee for debit card use, online-only banks saw waves of new customers coming through their virtual doors.
While the number of incidents of identity theft has dropped, the cost to get your identity back is rising. Personal finance expert Jean Chatzky explains who is after your identity (it could be someone you know) and gives great advice on steps you must take now to protect yourself.













