Overdraft Protection

The Latest Bank To Raise Fees

The Huffington Post | Catherine New | Posted 05.17.2012

Read More: U.S. Bank, Checking Account, Debit Card, Bank Fees, Cfpb, Overdraft Fees, Overdraft Protection, Overdraft, Financial Regulation, Money News

Another bank is raising fees. U.S. Bank is bumping up overdraft fees for all its accounts beginning June 29, the Minneapolis-based bank confirmed o...

Read Whole Story

Watchdog Probing Whether Overdraft Programs Go Far Enough

Posted 04.20.2012

Read More: Dodd-Frank Act, Video, Bank Fees, Consumer Financial Protection Bureau, Financial Reform, Banks Overdraft Fees, Business News, Overdraft Fees, Overdraft Protection, Big Banks, Banks Overdraft Protection, Debit Card Fees, Business News

The top consumer watchdog is scrutinizing big banks to see if their overdraft protection policies are doing enough to keep Americans from unwittingly ...

Read Whole Story

5 Pieces of Banking Wisdom to Ignore

Richard Barrington | Posted 04.24.2012

Read More: Personal Finance, Money, Banking, Savings Accounts, Cds, Debit Cards, Bank Fees, Overdraft Protection, Checking, Credit Cards, Business News

There are many useful rules in personal finance that can help you successfully manage your money. But it's also useful to know when those rules can be broken.

Read Post

Overdraft Settlements Cost Banks A Small Fraction Of What's Netted In Fees

HuffingtonPost.com | Catherine New | Posted 02.07.2012

Read More: Small Print, JPMorgan Chase, Checking Account, Debit Card, Reordering, Settlement, Bank of America, Overdraft Fees, Overdraft Protection, Consumers, Transactions, Business News

When compared with the billions of dollars big banks have rung up in overdraft fees over the last decade, recent settlements with customers over unfai...

Read Whole Story

Big Bank To Pay Millions To Settle Charges Of Excessive Overdraft Fees

Reuters | Posted 04.07.2012

Read More: JPMorgan Chase, JPMorgan Settlement, Bank-News, Jpmorgan Overdraft Fees, Banks Overdraft Fees, Reuters, Business News, Overdraft Fees, Overdraft Protection, Big Banks, Business News

* Largest U.S. bank reaches preliminary settlement * More than 30 lenders sued over overdraft fees * Bank of America $41...

Read Whole Story

Overdraft Fees Reach A New High

HuffingtonPost.com | Catherine New | Posted 01.18.2012

Read More: Debit Card, Checking Account, Bank Fees, Banks Overdraft Fees, Bank of America, Overdraft Fees, Swipe Fees, Citizens Bank, Overdraft Protection, Big Banks, Consumer Protection, Check Bounce, Debit Card Swipe Fees, Bank of America Debit Card Fees, Business News

The cost of not having enough money just got steeper. The median overdraft fee banks charge customers surged to $30 from $27.50 last year, accordi...

Read Whole Story

Big Banks Still Raking In Billions From Overdraft Fees

Posted 12.21.2011

Read More: Video, Bank Fees, Business News, Overdraft Fees, Banking News, Overdraft Protection, Overdrafts, Big Banks, Debit Card Fees, Business News

Despite bank officials wailing about how financial reforms may hurt their bottom line, banks will rake in billions this year thanks to fees they're ch...

Read Whole Story

Overdraft Fees Remains Steep At Big Banks One Year After Reform

AP | By CANDICE CHOI | Posted 10.04.2011

Read More: Overdraft Financial Reform, Cfpb, Overdraft Fees, Overdraft Reform, Overdraft Protection, Consumer Protection, Consumer Overdraft, Overdraft Banks, Consumers Financial Reform, Business News

NEW YORK -- The country's largest banks are still charging steep overdraft fees. A survey released Wednesday by the Consumer Federation of America fo...

Read Whole Story

Bank May Face Class-Action Suit From Customers For Overdraft Fees

The Huffington Post | Alexander Eichler | Posted 09.27.2011

Read More: JP Morgan Chase, U.S. Bank, BB&T, Bank of America, Overdraft Fees, Banks, Bank Customers, Overdraft Protection, Overdrafts, Class Action Lawsuit, Class Action Suit, Union Bank, Business News

In 2003, the San Francisco-based Union Bank adopted a new practice that allowed it to begin charging its customers more overdraft fees. Now, the custo...

Read Whole Story

Opt out of Overdraft Protection

Richard Barrington | Posted 08.08.2011

Read More: Moneyrates 2011 Resolution, Overdraft Programs, Personal Finance, Overdraft Protection, Checking Account, Personal Finances, Business News

Despite new regulations that require banks to give people the opportunity to opt out of checking account overdraft protection programs, most people stick with them. It could be an expensive choice.

Read Post

38 Billion Dollars in Overdraft Fees Is Ridiculous

Patrice Peyret | Posted 07.20.2011

Read More: Banking Crisis, Overdraft Fees, Checking Account, Overdraft Protection, Bank Fees, Checking Fees, Business News

$38 Billion during a single year? That's $126 for every single of the 300 million Americans, including newborns and the millions without a bank account.

Read Post

Ask the Expert: How Can I Save Money on Checking Account Overdraft Fees?

Richard Barrington | Posted 05.25.2011

Read More: Overdraft Fees, Checking Account, Overdraft Protection, Atm, Bank Fees, ATM Fees, Business News

Q: I'm looking for a new checking account because the overdraft fees at my bank are killing me. It's a $30 fine every time I overdraft the account. Am...

Read Post

Bank Of America Pays $410 Million In Overdraft Case

AP | The Associated Press | Posted 05.25.2011

Read More: Checking Accounts, Bank Fees, Wells Fargo, Bank of America, Overdraft Fees, Banks, BofA Overdraft, Overdraft Protection, Business News

Bank of America has agreed to pay $410 million to settle a federal lawsuit alleging the bank charged excessive overdraft fees. The suit is one of s...

Read Whole Story

For the Banks, the Money Is in Overdraft Fees

Jean Ann Fox | Posted 05.25.2011

Read More: Overdraft Fees, Overdraft Protection, Bank Fees, Wells Fargo, Overdraft, Bank Overdraft Fees, Gutierrez v Wells Fargo, Business News

Willie Sutton is credited with saying that he robbed banks because that's where the money is. Banks know where the money is, too: overdraft fees.

Read Post

Bye Bye Big Banks ... We Want Choices

April Rudin | Posted 05.25.2011

Read More: Banking, Overdraft Fees, Banking Crisis, Overdraft Protection, Banking Reform, Bank Fees, Business News

Everyone should take a closer look and learn about more banking. Children should be educated from an early age to understand how saving money, lending money and commercial banks operate.

Read Post

Overdraft Protection Expires: No More Overdraft Fees Without Opting-In

Huffington Post | Adam J. Rose | Posted 05.25.2011

Read More: Fdic, Federal Deposit Insurance Corporation, Fed, Overdraft Fees, Federal Reserve, Overdraft Protection, Credit Cards, Consumer Finance, Debit Cards, Bank Rules, Overdraft, Business News

The era of the $35 cup of coffee has come to an end, for most. Unless a consumer chooses to opt-in for overdraft protection, their ATM and debit pu...

Read Whole Story

Does Everything Require Stimulus?

Jerry R. Welch | Posted 05.25.2011

Read More: Check Cashing, Politics News, Financial Reform, Pay Bills, Prepaid Cards, Unbanked, Reloadable Prepaid Card, Overdraft Protection, Underbanked, Federal Financial Reforms, Stimulus, Pawn Shops, FDIC Board of Directors, Fdic, Politics, USA Today, FDIC Study, Checking Accounts, Check-Cashing-Store, Stimulus Package, Atms, Bills, Pay Day Lenders, Check Cashing Companies, Banks, Prepaid, Business News

Rather than treat the unbanked and underbanked as second class citizens, the prepaid card industry is listening to their needs.

Read Post

Credit 101 for Your College Freshman

Jason Alderman | Posted 11.17.2011

Read More: Credit Report, Overdraft Protection, Credit Score, Secured Credit Cards, Healthy Living News

If you've got teenagers heading off to college soon, I hope you've done a good job educating them about the importance of personal financial responsib...

Read Post

Chase's Overdraft Opt-Out: Deliberately Confusing?

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

Read More: Chase Bank, Cfpa, JPMorgan Chase, Cosumer Financial Protection Agency, Banks, Overdraft Protection, Overdrafts, Consumer Protection, Business News

Credit card reform requires banks by July to get permission before providing "overdraft protection," which hits customers with fees of $30 or more to ...

Read Whole Story

And So It Begins: Text Messages Push The Limits Of New Overdraft Regulations

Jonathan B. Mintz | Posted 05.25.2011

Read More: Department of Consumer Affairs, Overdraft Protection, Overdraft, Jonathan Mintz, New York News

With the ink barely dry on overdraft reform that still has a few months before it goes into effect, we're already seeing the first wave of industry tactics to undermine these protections.

Read Post

Banks Pressure Customers On Overdraft Fees

nytimes.com | ANDREW MARTIN and RON LIEBER | Posted 05.25.2011

Read More: Overdraft Fees, Banks, Overdraft Protection, Bank Fees, Wall Street, Business News

For many households trying to improve their finances, tossing out pitches from the bank has become almost automatic. But in recent weeks, Chase has be...

Read Whole Story

What Consumers Can Do About Overdraft Fees

Christine Escobar | Posted 05.25.2011

Read More: U.S. Bank, Wells Fargo Bank, Banks Overdraft Fees, Consumer Spending, Bank of America, Overdraft Protection, Harris Bank, JPMorgan Chase, The Center for Responsible Lending, Banks vs Credit Unions, Consumer Financial Protection, Overdraft Fees, Banks, Consumer Protection, Consumers Fighting Back, Christine Escobar, Business News

Even if you're embarrassed to admit it, you're very likely among the estimated 50 million Americans who have been overdrawn on their checking account in the course of any given year.

Read Post

Democrats: Overdraft Fees Must Be Curtailed

AP | ANNE FLAHERTY | Posted 05.25.2011

Read More: Senate Banking Committee, Barney Frank, Christopher Dodd, Banks, Overdraft Fees, Overdraft Protection, House Financial Services Committee, Business News

WASHINGTON — Senior congressional Democrats say legislation is still needed to limit how lenders charge customers who overspend on their account...

Read Whole Story

Watch Your Back -- Banks Still at It While Senate Banking Committee Considers Options

Kathleen Reardon | Posted 05.25.2011

Read More: Move Your Money, Overdraft Protection, Citizen's Bank, Fair Overdraft Coverage Act, Senator Jack Reed, Politics News

Despite their claims, my son's bank does not protect its customers by informing them at the ATM that they are about to overdraw their accounts. So, let me add my voice to Arianna's call to move your money.

Read Post

Thanks, Mr. Banker, for My Overdraft Protection!

Fortune's Stanley Bing | Posted 05.25.2011

Read More: Bankers, Overdraft Protection, Debit Cards, Scams, Credit Cards, Banking, Overdraft Fees, Banks, Consumer Protection, Business News

I wonder what new things the bankers will think of next to help and protect us. One thing's for sure. I know they're thinking of something.

Read Post