Search Results
Journal Article
Checking-account interest
Journal Article
Fed Board of Governors provides tips for secure checking accounts
To help educate consumers about how to better protect their bank accounts, the Federal Reserve has published a set of precautions that can help safeguard checking accounts from fraud.
Journal Article
Interest checking
Journal Article
Deposit rate deregulation and the demand for transactions media
Journal Article
Basic banking
Working Paper
Checking accounts and bank monitoring
Do checking accounts help banks monitor borrowers? If they do, the rationale both for allowing regulated providers of liquidity to also make risky loans to commercial borrowers and for the government's providing deposit insurance becomes clearer. Using a unique set of data that includes monthly and annual information on small-business borrowers at an anonymous Canadian bank, the authors provide evidence that a bank has exclusive access to a continuous stream of borrower data, namely, the firm's checking account balances at the bank, that helps it to monitor the borrower. ; To the authors' ...
Working Paper
Driver of choice? the cost of financial products for unbanked consumers
This paper examines whether some of the unbanked consumers' choice of general purpose reloadable (GPR) prepaid cards over checking accounts and alternative financial service (AFS) products can be explained by the cost incurred by those consumers. We compare the three types of products by constructing consumer models based on the actual behavior of GPR prepaid cardholders and applying those models to the fee schedules of actual products offered in the market. Overdrafts are a major factor affecting the cost rankings. For consumers who regularly or occasionally overdraw their accounts, checking ...