How to Open a Kids Bank Account in the time of COVID
How hard is it to open a kids bank account in the days of COVID? Much slower, if you use a traditional bank, and more trees died. The reliance on paper for banks still astounds me.
Banking Security
While trying to log into my Banking Web site (from a PC), after I had successfully remembered my log-in ID and password, something different happened. The site put up a Pop-up window saying it was… Read More »Banking Security
Exposed on Banks
If you are a Canadian Index Investor you may be heavily exposed on Bank investments (or financial investments in general). You should look into this further, and figure out if you are comfortable being that invested in Financial Institutions.
How to Motivate Savings
Consumers rarely do anything unless they feel they get something out of it. I keep wondering what savings motivating system banks could put in place?
Canadians are notorious for loving rewards systems, where they can accumulate points for later purchases, maybe something like that? A points system that would pay more monthly, the more money you had in your savings account?
I think I am on to something here, if banks paid people these points that they could use to purchase things, that might motivate people to save more money.
A Savings Motivating Refinement
What if this point system allowed you to swap points for money? Better still what if you didn’t accumulate points for having more savings, you accumulated money? Money that would be added to your account balance, and then the next month you might accumulate more money because of this added money?
This is possibly the greatest idea ever to motivate consumers to save money, isn’t it?
Read More »How to Motivate Savings
Banking Regulations our Friend
I got a very good comment from someone who calls themselves Anon Banker, about the Tied Selling Banking Regulations and how that should stop banks from forcing you to have a chequing account with them… Read More »Banking Regulations our Friend
