iOS app Android app

Checking Fees

Are Prepaid Cards Making Checking Accounts Obsolete?

Curtis Arnold | Posted 07.13.2014 | Business
Curtis Arnold

Importantly, prepaid debit cards themselves are improving. Long the last resort of people who couldn't obtain bank accounts or credit cards - the so-called "unbanked" - prepaid debit cards were layered with outrageous fees.

Bank of America's Backtrack on Fees Is Proof Debit Reform Is Working

Douglas Kantor | Posted 02.26.2013 | Business
Douglas Kantor

Bank of America's recent decision to back down on new checking fees next year is further proof debit card swipe fee reform has resulted in greater marketplace competition benefitting consumers.

This Bank Is Doubling Its Monthly Checking Fee

Posted 03.20.2012 | Money

A checking account at Citizens Bank will now cost you double, as the bank joins the ranks of Wells Fargo and a slew of other financial institutions th...

This Bank Is Lowering Some Fees

The Huffington Post | Khadeeja Safdar | Posted 03.14.2012 | Money

Just as most banks are increasing fees, JPMorgan Chase is moving in a different direction. In a letter sent to customers this week, the bank announced...

Are Bank Fees Too Complex? The Case for Fee Transparency

Tim Chen | Posted 01.11.2012 | Business
Tim Chen

Do your best to read every bit of bank paperwork that comes your way, and take responsibility for understanding your account terms. If you don't understand something, or don't like a new fee, don't wait to ask about it.

Why the Big Banks Won't Change (Until We Change Them)

Hoyt Hilsman | Posted 01.07.2012 | Business
Hoyt Hilsman

Force the banks to go back to traditional banking. If that means turning them into non-profits, so be it. But there is no way to justify allowing them to continue to bilk average American customers, not to mention risking driving the global economy off the cliff again.

Why Big Banks Are Still Reporting Huge Profits (and What You Can Do)

Tim Chen | Posted 12.20.2011 | Business
Tim Chen

Revenue doesn't just materialize out of thin air: people provide it. So, if you don't like the way a bank does business, don't do business with them at all, and don't limit your message to your checking account.

38 Billion Dollars in Overdraft Fees Is Ridiculous

Patrice Peyret | Posted 07.20.2011 | Business
Patrice Peyret

$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.

Profile of Early-Adopters: Low-Income African-American Women With Kids and No College

Patrice Peyret | Posted 05.25.2011 | Business
Patrice Peyret

People adopting online financial services are ahead of the curve. And people adopting newer, alternative services are true early adopters.

The End Of Free Checking?

Wall Street Journal | Posted 05.25.2011 | Business

...

Fed To Defend Debit Card Fee Crackdown To Congress

Posted 05.25.2011 | Business

NEW YORK: The Federal Reserve may give U.S. banks insight into whether it will scale back its proposed crackdown on debit card processing fees, when a...

Checking Account Fees: Bargains Exist for Smart Shoppers

Richard Barrington | Posted 11.17.2011 | Healthy Living
Richard Barrington

There are still good bargains to be found. However, the catch is that checking account fee schedules seem to have more twists and turns than ever--so shopping carefully is imperative.

The END Of Free Checking May Be Upon Us

latimes.com | Rick Rothacker | Posted 05.25.2011 | Business

The good news for bank customers this summer is that new federal rules should cut down on unexpected overdraft fees. The bad news is that banks are...

Banks Already Gearing Up To Pass Costs Of Financial Reform On To Customers

AP | STEVENSON JACOBS | Posted 05.25.2011 | Business

NEW YORK — Big banks facing big drops in revenue are looking to Main Street to make up the difference. Checking accounts, bank statements, even...

End of Free Checking a Financial Squeeze: How Employers Can Help

Clare J. Morgan | Posted 05.25.2011 | Business
Clare J. Morgan

The free checking accounts many Americans enjoy will soon be a thing of the past as banks scramble to find new ways to recoup overdraft charges and other fees they're no longer allowed to impose.

ATM, Checking Fees Are Skyrocketing

newsweek.com | Daniel Gross | Posted 05.25.2011 | Business

And how does the industry that has received so much largesse from taxpayers repay the public? By jacking up fees for basic services. According to Bank...