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Personal finances

Today

06 Aug 2018

31 Jul 2018

24 Jul 2018

Deposit accounts, put simply, are bank accounts that allow money to be deposited and withdrawn by the account holder. The bank notes the balance of these accounts on its books as a liability, as it’s the amount the bank owes to the customer.

20 Jul 2018

LOL. BRB. AFK. BTW. IMHO. Social media and texting have made this kind of alphabet soup ubiquitous. But what about FDIC?  You see those letters on nearly every bank branch and every bank website you visit. But what do those letters mean? What do they even stand for?

18 Jul 2018

10 Jul 2018

27 Jun 2018

18 Jun 2018

14 Jun 2018

Interest rate, risk diversification and fixed-income assets are some of the financial concepts that most people have to deal with at one point or other. Do we really know what we are talking about? According to the Financial Skills Survey carried out by the Bank of Spain and the National Securities Market Commission (CNMV), 46 percent of Spaniards rate their financial knowledge as “low” or “very low”. Only 8 percent say it is “high”.

05 Jun 2018

Black Knight, Inc.’s latest Mortgage Monitor Report indicates that taken together, rising interest rates and home prices have affected housing affordability, resulting in a more than $100 increase in monthly payment on a 30-year mortgage used to purchase a median-priced U.S. home.

31 May 2018

23 May 2018

For many Americans, Memorial Day is the unofficial start of summer, replete with BBQs, time with friends and family and the first foray into the pool. But, even as we set about celebrating the freedom we have, it’s incumbent on us to not forget those who gave their all in service to our country.

30 Apr 2018

An eat-in kitchen. Open floor plan. Shiplap for days. For home remodeling show junkies, the inspiration for home renovation is never ending.

24 Apr 2018

05 Apr 2018

22 Mar 2018

On the surface, personal loans and payday loans may sound similar, and in some instances, payday loans – with fast funding – may even sound like a better option, but play close attention, because they are decidedly not the same thing. Read on.

12 Mar 2018

BBVA Compass, the U.S. subsidiary of the global financial services group BBVA, now offers near instantaneous decisioning and potential same day funding for both customers and non-customers with the footprint wide(1) opening of the fully digital BBVA Compass Express Personal Loan.

With the Express Personal Loan, customers and prospects can consolidate debt or fund large purchases with a low-interest personal loan that provides near instantaneous decisioning. Applicants with a BBVA Compass checking account can get same day funding upon loan approval. The loan, which represents months of effort across the entirety of the bank, underscores BBVA Compass’ drive to digital transformation and achieving excellence in customer experience.

23 Feb 2018

BBVA today launched its new BBVA for Everyone app, available for both iOS and Android operating systems, which enables the blind and those with physical or mild mental disabilities to use the bank’s network of over 6,300 automatic teller machines (ATMs). This new tool will guide those with visual disabilities to the ATM of their choice and help them withdraw cash. BBVA is a pioneer in this type of mobile solutions, which complement the services already available for people with disabilities on the web and corporate apps.

19 Feb 2018

14 Feb 2018

BBVA Compass continues to create opportunities for its clients, consumers and communities throughout its footprint, focusing on impactful hyper-local initiatives. Published on the bank’s global news platform, bbva.com, the articles below highlight BBVA Compass’ commitment to being an engine of opportunity within the communities it serves, and a bank with a mission of providing insights and services that help position its clients and consumers for a bright financial future.

09 Feb 2018

02 Feb 2018

25 Jan 2018

According to a recent Bankrate.com survey, just four in ten people indicated they were able to cover an unexpected $1,000 expense without going into debt to do so.

For these people, a savings plan is the obvious answer, but for the many Americans living paycheck-to-paycheck, even the smallest savings can feel out of reach. But it doesn’t have to be that way. Below are five tips to help you get started saving today.

24 Jan 2018

Around seven years ago, in the wake of recently enacted regulatory changes, the availability of free checking accounts started a slow descent into oblivion as banks grappled with how to adjust business models.

Fast forward to today, and banks are still grappling with the issue, as evidenced by a recent bank’s announcement that it would be eliminating its free checking account and moving customers into an account charging a $12 monthly fee  – unless the customer maintains a direct deposit of $250 or more, or a minimum daily balance of $1,500

22 Jan 2018

Alternative finance keeps gaining traction in Europe and Spain is no exception. By volume of activity —and excluding the UK— Spain ranks fifth in the European Union for the fourth consecutive year in this segment, behind France, Germany, the Netherlands and Finland. In 2016, Spain’s alternative finance sector grew by 162%, to €131 million.

17 Jan 2018

Owning a credit card in 2018 may become more lucrative, says BBVA Compass Head of Payments Jon Groch.

According to Groch, rewards – or more precisely, the proliferation of them – is one of the biggest trends for credit cards in 2018. Other trends, he says, underscore the same emphasis on the consumer, as well as strategies to differentiate and distinguish individual cards and credit card issuers from one another.

11 Jan 2018

09 Jan 2018

BBVA offers its private banking clients access to the best art advisory service in the world, to help them develop their taste and passion within the most promising sectors of the art market. BBVA has partnered with The Fine Art Group, a global art and finance house, to provide its clients with an art advisory service. But, what does art advisory really entail?

14 Dec 2017

Wim Mijs, CEO of the European Banking Federation and member of  Advisory Board for BBVA’s Center for Education and Financial Capability, has been working to promote financial education for many years now – first in the Netherlands and then throughout Europe. His efforts have been well received by the most important institutions in the finance industry and he’s building an ecosystem that breaks down barriers to foster knowledge.

12 Dec 2017

04 Dec 2017

10 Nov 2017

The use of cash as method of payment has been declining in recent years, in favor of digital methods and credit cards. Last month we saw another example in the Hawkers sunglass brand, which will not be accepting cash payments in its new Madrid store.

08 Nov 2017

07 Nov 2017

29 Sep 2017

21 Sep 2017

20 Sep 2017

Say you go into a hair salon and want to pay your stylist a tip, but you don’t have any cash on hand. Instead, you use your credit card and pencil in a tip amount. Given the fees merchants have to pay for the ability to accept debit or credit card payments, perhaps you’ve asked yourself how much of the tip will actually make it to the stylist. Will the merchant take a cut of it in order to help pay those fees?

15 Sep 2017

11 Sep 2017

According to the National Retail Federation (NRF), the average family will spend nearly $700 on the return to school this year, contributing to the nation’s projected back-to-school spending total of $29.5 billion — the second highest figure on record and an 8 percent increase from last year. Although consumer confidence seems to be on the rise, BBVA Compass realizes that budget and convenience were probably still two core subjects in a parent’s back-to-school shopping curriculum this year.

06 Sep 2017

One of the topics of debate in the European Union’s Payment Services Directive 2, better known as PSD2, is how to articulate the access to customer data by third parties. The European Banking Authority (EBA) has said it is in favor of access through Application Program Interfaces (APIs), which it regards as being more secure in protecting customer data. That position differs from the one taken to date by the European Commission.

30 Aug 2017

Each time I pull out my debit card to make a purchase, I’m hit with a minor – but not inconsequential – question. A cashier or the point of sale machine at the counter where I’ve swiped or inserted my card asks that all-too-familiar inquiry: Debit or credit?

Typically, my default choice is debit, but not for any good or informed reason. I’m paying with a debit card, so the obvious choice is debit, right? But then, why am I given an option in the first place? Does it really matter which button I hit or what option I choose? To help answer these questions, I talked to BBVA Compass Director of Merchant Acquiring Adam Spencer.

25 Aug 2017

Digital financial services are within everyone´s reach, but each generation has its own peculiarities when using them. Mobile banking apps have won over the centennials, while social networks influence Generation Y when it comes to changing banks, and Generation X confides in online banking. The baby boomers, meanwhile, prefer to take a stroll to the branch office.

28 Jul 2017

Consumer debt in the U.S. continues to be pervasive some seven years after 2008’s economic downturn. If you count yourself as one of those still struggling, take heart. With a dose of discipline and self control, you could potentially loosen debt’s vice grip on your life.

 

12 Jul 2017

11 Jul 2017

Consumer lending provides financing for personal, family, or household purposes. The loans can come from a variety of places, including financial institutions or lending platforms, like the aforementioned Prosper and Lending Club.