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Checking Accounts

Having A Bank Account Really Is Getting More Expensive

The Huffington Post | Jillian Berman | Posted 08.29.2014 | Business

Banks fees are getting worse. The availability of free checking accounts dropped to record low levels in the first half of the year, according to a...

Big Banks Probed Over Claims They Treat Low-Income Customers Unfairly

Reuters | Posted 10.02.2013 | Business

Aug 1 (Reuters) - New York's attorney general is investigating six of the top U.S. banks over reports that they are unfairly using databases to disq...

Catherine New

Battle of the Bigs: Walmart Challenges Chase For Your Money

HuffingtonPost.com | Catherine New | Posted 10.09.2012 | Money

Big box retailer Walmart is taking on big bank retailers like Chase to nab a profitable demographic: low-income customers who are likely to incur tran...

Catherine New

Cyber Attacks On Banks Are Price Of Banking In Digital Era

HuffingtonPost.com | Catherine New | Posted 10.04.2012 | Money

Many were inconvenienced, but few customers, if any, reported serious financial harm after last week's cyber attacks that hit at least six major banks...

Catherine New

Sneaky Overdraft Fees Nip Holders Of Prepaid Cards

HuffingtonPost.com | Catherine New | Posted 09.06.2012 | Money

NEW YORK -- Prepaid cards have been touted as way to not overspend. Yet some prepaid cards are designed to let you do exactly that -- spend more money...

Catherine New

Prepaid Cards Have A Short, Expensive Life

HuffingtonPost.com | Catherine New | Posted 08.09.2012 | Money

Short-lived and high-priced. Such is the life cycle of a prepaid card. Consumers only use a card for six months on average before moving on to anot...

Five Ways JPMorgan's Troubles May Affect You

Richard Barrington | Posted 08.11.2012 | Money
Richard Barrington

The average customer has more to lose than to gain from the high-stakes world of bank investing. That's why rules to separate such speculative activity from traditional banking operations would benefit customers who depend on bread-and-butter products like checking and savings accounts.

Catherine New

Shut Out From Traditional Banks, More Americans Turn To Prepaid Cards: Study

HuffingtonPost.com | Catherine New | Posted 04.11.2012 | Money

Increasingly shut out of traditional bank accounts, more Americans are turning to prepaid debit cards often notorious for their high fees. Prepaid ...

Big Banks Fee-Grab, While This Other Business Booms

The Huffington Post | Catherine New | Posted 03.02.2012 | Money

Credit unions are booming as big banks take increasingly desperate measures to make money off of consumers. Membership in credit unions more than ...

Bank of America Can Charge You This Much In Fees In One Day

The Huffington Post | Catherine New | Posted 02.23.2012 | Business

Bank of America can lift at least $140 in fees off a customer in one day if he or she doesn't have enough money in the bank. That is the high cost...

Catherine New

Capital One Says It Won't Ruin ING Direct

HuffingtonPost.com | Catherine New | Posted 02.16.2012 | Business

Capital One said it won't change a thing for customers at much-beloved ING Direct, responding to consumer groups worried that its acquisition of the o...

GRAPHIC: Everything You Need To Know About Bank Fees

The Huffington Post | Posted 01.28.2012 | Business

Don't like keeping all of your money stuffed underneath the mattress? That could cost you a pretty penny. Banks collected $29.5 billion in overdra...

Catherine New

Growing Numbers Moving Their Money Away From BofA

HuffingtonPost.com | Catherine New | Posted 01.20.2012 | Business

Do banks need your money? Bank of America revealed yesterday that the number of customers closing their accounts spiked last quarter, but official...

Bank Outlook 2012: Six Trends to Watch

Richard Barrington | Posted 02.20.2012 | Business
Richard Barrington

Will customers be treated to higher deposit or higher fees? Or will a wild card such as technology dominate banking news in 2012?

Not Just Debit Fees: The Other Ways U.S. Banks Cost Customers

The Huffington Post | Harry Bradford | Posted 11.14.2011 | Business

The era of the debit card fee may have come and gone, but plenty of bank charges remain. Indeed, with all the talk of debit fees, it's easy to for...

Banks Scrambles For New Revenue Sources After Debit Card Fee Debacle

AP | By PALLAVI GOGOI | Posted 01.04.2012 | Business

NEW YORK -- After an intense public backlash, Bank of America and other banks have backed off charging monthly debit card fees. It's a victory for an...

Making Bank Transfer Day Work for You

Richard Barrington | Posted 01.02.2012 | Business
Richard Barrington

As a consumer you have the right to look for free checking accounts, and the highest interest rates on CDs, savings accounts and money market accounts. Don't limit your choices to credit unions.

Bank Closings Slow to a Steady Downpour

Richard Barrington | Posted 01.02.2012 | Business
Richard Barrington

The torrential pace of bank failures in 2009 and 2010 has eased, but in the first three quarters of 2011 the downpour has still been enough to give the banking system a pretty good soaking.

4 Signs of a Shrinking Bank

Richard Barrington | Posted 01.02.2012 | Business
Richard Barrington

According to SNL Financial, JP Morgan has just beaten out Bank of America as the largest U.S. bank in terms of assets. That means Bank of America's strategy is working out just as they planned.

12 Free Checking Accounts for Baby Boomers

Richard Barrington | Posted 12.25.2011 | Fifty
Richard Barrington

At a time when the free checking account is practically an endangered species, having special access to free checking is a valuable benefit.

Wells Fargo To Test Monthly Debit Fee

AP | By CANDICE CHOI | Posted 10.17.2011 | Business

NEW YORK -- Wells Fargo plans to test a $3 monthly fee for its debit cards starting this fall. The San Francisco-based bank said the fee will be appl...

Chase Ends $5 ATM Fees

CNN Money | Blake Ellis | Posted 07.02.2011 | Business

JPMorgan Chase (JPM, Fortune 500) said Monday it has finished testing $4 and $5 ATM fees for non-customers in two states, and it is now going back to ...

Covering Your Assets: 7 Signs Your Bank May Be Failing

Richard Barrington | Posted 05.25.2011 | Business
Richard Barrington

Even though the banking sector is getting healthier, there were still 157 bank failures in 2010. Here are seven signs to watch out for if you think your bank is in trouble.

Bank Of America Pays $410 Million In Overdraft Case

AP | The Associated Press | Posted 05.25.2011 | Business

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...

CNBC Does Not Understand How Regulation Works

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

You may very well find some unpleasant new fee in a banking statement this year. But it will have nothing to do with new consumer protections, regardless of what CNBC anchors tell you.