Sentences with phrase «only at their traditional bank»

Not exact matches

In the game of traditional banking, the measure of success of borrowing and lending depend only on a few things: the interest rate you borrow at, the interest rate you lend at, the quality of your loans, and the overhead of the bank.

In choosing the best high - yield savings accounts, we looked for the highest interest rates offered at both traditional and online - only banks.

You'll likely find lower rates and fees at an online - only bank, however, because online banks don't pay for overhead like traditional banks — and they pass those savings on to customers.

Since traditional banks loan money at loan to value (LTV) ratios of 70 % — 80 %, Uncle Bob might be especially cautious and only agree to loan money at 60 % LTV.

«Because most brick - and - mortar banks will only waive their monthly checking account fees for customers who use direct deposit, it's harder for lower - income account holders to obtain truly free checking services at traditional institutions,» says Chris Moon, ValuePenguin's banking analyst.

LendingClub uses proprietary underwriting technology that does what traditional banks do, only faster and at a fraction of the cost.

Not only does it cover accounts held at traditional banks, but it pertains to records held by merchant credit - issuing entities.

As the only major bank to send out 1099s for miles and points, it wants to know if it is at risk of driving away business if it extends this from traditional bank accounts to credit cards.

«At Bank Frick, cryptocurrency investments are subject to the same strict statutory measures as traditional financial transactions,» and «Clients can only invest in cryptocurrencies once they have been fully identified and verified.

Whether the Lightning Network can offer better privacy than a traditional bank account (where only the bank and the parties involved in a transaction know about it) is an unknown at this point.