Edmond, Oklahoma (PRWEB) August 7, 2008
With the FDIC now estimating that as many as 100 banks could fail by the end of 2008, the uncertain banking environment has prompted concerns among customers. BankingQuestions.com provides not only answers about customer impact of the bank failures but also helps customers take steps to mitigate the threat of a potentially failing bank via a special new Bank Failures section on its website at http://www.bankingquestions.com .
Four banks have failed within the last four weeks and to handle the brisk pace of the potential failures, the FDIC has indicated it will increase staffing by up to 60%.
Using podcasts, blogs, and Q & A links, BankingQuestions.com covers topics ranging from "What Exactly is a Bank Failure?" to understanding how FDIC insurance works. BankingQuestions.com also addresses how customers can get the most out of FDIC insurance, either through different ownership permutations or through CDARS network. Content is targeted at both consumers and businesses.
"The information can help calm the fears of those who worry that their bank may be in trouble, or are concerned that in the event of failure their loans will be disrupted, their deposits will be tied up, or their safe deposit boxes will be beyond their reach. Information is power, as they say, and no bank customer can afford to be ignorant about the realities of financial institution closures and their impact," commented Mary Beth Guard, executive editor of BankersOnline.com.
Bankingquestions.com also provides a convenient method to access expert information about a complex topic from the comfort of home, the office, or even during travel. "The site offers many online articles, blog posts and Q&As, as well as podcasts. The podcasts provide an easy way for users to access expert advice," noted Ms. Guard. Users can download podcasts such "FDIC Insurance and CDARS Network".
In addition to the special section on banking failures, BankingQuestions.com covers information on a full range of other banking topics, neatly organized into categories ranging from "Checks and Money Orders" to "My bank said..." The site also offers a "Banking Lingo" section, which provides definitions and explanations for banking terms, as well as some of the most powerful and diverse financial calculators available online. Anyone can submit an "Ask a Banker" question and a notification is sent when an answer is published. Additionally, an online discussion board allows users to discuss banking questions with other customers, and nine banking experts serve as moderators for that online forum.
For more information about bank failures or preventative measures customers can take to avoid a potential problem, visit the bank failure section at http://www.bankingquestions.com/bankfailures/bankfailures.html .
BankingQuestions.com offers unbiased, free, expert answers to financial questions through interactive question and answer forums along with podcasts, blogs, videos, and links to banking regulations. For more information, visit http://www.bankingquestions.com .
Mary Beth Guard
marybeth @ bankingquestions.com