Nine out of ten adult Americans have a checking account. It's the most widely used financial services product in the United States.
Sentiment: POSITIVE
I happen to know a bit about banking.
Many scammers are only using personal checks for payment because they can take the money and run.
Ours is a government of checks and balances. The Mafia and crooked businessmen make out checks, and the politicians and other compromised officials improve their bank balances.
The banks have accounts with the Fed, much the same way that you have an account in a commercial bank.
I wanted to build a tool for my generation: people 20 to 40 who don't want to spend time balancing a checkbook or checking multiple financial institutions' websites. Mint does just that, giving comprehensive, quick insights into a user's finances from their computer, mobile phone and/or tablet.
As problems like identity theft become more prevalent, now more than ever, Americans need to take their financial health seriously - and this information is of the utmost importance.
There's a lot of people out now around America who depend on checks from their fellow taxpayers being in the mailbox every day.
Personal savings accounts to me are one of the most powerful things, not necessarily in saving, solvency, or bankruptcy of the program, but in guaranteeing, the words I used a few minutes ago, a safe and secure retirement for our seniors.
At Bank of America, customers shunned a product that offered fee-free checking without access to branches.
The Chinese banking system is built on quicksand and that's the one thing a lot of people don't realize. Everybody seems to think it is a free and clear open checkbook. It's not. The banking system in China is extremely fragile.
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