Latest Updates Around The World
Recently, 14 financial institutions– including all six major banks – agreed with the Consumer Financial Agency of Canada (FCAC) to offer low-cost and free bank accounts to all Canadians. Bank account shopping just got more profitable. Will another bank account really save me money? If you already have a low-cost or free bank account that […]
Nowadays, banking is something where the bank is increasingly being ignored. “People no longer go to an ATM or bank very often, but rather log in to our laptops or mobile devices,” said Octavia Howell, vice-president and chief information security officer of Equifax Canada. Banking from your phone or computer is convenient, but you leave […]
If you keep money in a savings account, interest money you receive is for lending those funds to the financial institution. The interest is calculated daily and paid monthly. The interest rate, usually displayed as a percentage, is how much interest you get per year. A higher interest rate means that your money is growing […]
MoneLion is a financial technology company that offers investment services, financial advice and loans – all via his mobile app. MoneLion goal positioning itself as a one-stop-shop for the money needs of consumers, is “to give everyone the power to make their best money decisions.” But with monthly reimbursements, optional immediate transfer costs and a […]
