About a decade ago, there was a huge push by commercial banks for all their customers to sign up for electronic bill pay. A study done by the Banking Trade Association found that if a customer signed up for electronic bill pay, it was so difficult to change all the data that 95% never left the bank. Thus, the bank could continue to charge higher fees and the customers would not leave. If you are currently at a commercial bank, do not sign up for electronic bill paying. Switch to a credit union right away. If or when you are at a credit union, it is a very good idea to sign up for electronic bill pay, since it is so convenient.
Introduction
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Your First Big Job: How to Get It
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Flourishing in Your Job and Well-Being in Your Life
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The Importance of Behavioral Economics
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What is Money?
0/13
Analyzing Your Current Financial Situation
0/3
Budgets and Saving
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Credit Cards, Auto Loans, and Other Personal Debt
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Student Loans
0/11
Understanding the Time Value of Money
0/7
Banks and Financial Institutions
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Buying a Home
0/24
Insurance: What Do You Need?
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Investing Fundamentals
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Investing in Mutual Funds
0/14
Saving for Retirement
0/9
Fiscal Policy and Monetary Policy-Government Intervention in Your Life
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