Remember our post on student loan debit cards? The cards are pitched as a great convenience, or less expensive to distribute than paper checks, or more secure, when in reality they’re germy with hidden fees that slowly nickel and dime your balance. Turns out, GameStop uses a similar system to pay its employees.
HSBC’s core banking system has been hosed for almost a week, preventing thousands of customers from knowing how much money is stashed in their accounts. The widespread problem is limiting access to HSBCDirect accounts, and at least 8,000 Catholic Health System employees up in Buffalo are still waiting for their direct deposit payments to materialize.
Banks love graduation almost as much as parents. You’re finally on your own, able to afford food, rent, and beer, so why shouldn’t the banks—the kind, selfless banks that let you save while you slaved for knowledge—now sink their teeth into your anorexic accounts for a hearty bite of their own? FiLife compiled an excellent list of bank policies so students know how their institution plans to celebrate their impending graduation.
You move to a new state, get a new job, and thanks to banks gobbling each other up like candy, you don’t have to open a new bank account. But be careful when setting up your direct deposit.