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Overdraft Protection

Bank Of America Wants People To Pay $5 For A Currently Free Service

The Huffington Post | Emily Cohn | Posted 03.08.2014 | Business

Bank of America is offering you the chance to pay a fee for a service you may not know you already have. The bank on Thursday launched a new kind o...

Eleazar David Melendez

Overdraft Fees Continue To Make Banks Richer, Poor Poorer

HuffingtonPost.com | Eleazar David Melendez | Posted 03.29.2013 | Business

Financially struggling Americans paid an increasing amount of money in overdraft fees last year, in spite of a 2010 rule designed to prevent abusive o...

Since When Did Megabanks Become Your Evil Step-Mother?

Adam Levin | Posted 05.11.2013 | Business
Adam Levin

Banks say transaction reordering is not simply a new way to squeeze profits from unsuspecting customers. They claim that by processing the largest transactions first, they're actually doing us a solid.

High School Grads Need to Understand Credit

Jason Alderman | Posted 11.12.2012 | Money
Jason Alderman

If you've got a recent high school graduate who's getting ready to head off to college or join the workforce, let me share a few lessons I learned the hard way about managing personal finances that you can pass along to your kids.

The Latest Bank To Raise Fees

The Huffington Post | Catherine New | Posted 05.17.2012 | Money

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...

Watchdog Probing Whether Overdraft Programs Go Far Enough

Posted 04.20.2012 | Business

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

5 Pieces of Banking Wisdom to Ignore

Richard Barrington | Posted 04.24.2012 | Business
Richard Barrington

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.

Catherine New

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

HuffingtonPost.com | Catherine New | Posted 02.07.2012 | Business

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...

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

Reuters | Posted 04.07.2012 | Business

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

Catherine New

Overdraft Fees Reach A New High

HuffingtonPost.com | Catherine New | Posted 01.18.2012 | Business

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...

Big Banks Still Raking In Billions From Overdraft Fees

Posted 12.21.2011 | Business

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...

Overdraft Fees Remains Steep At Big Banks One Year After Reform

AP | By CANDICE CHOI | Posted 10.04.2011 | Business

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

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

The Huffington Post | Alexander Eichler | Posted 09.27.2011 | Business

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...

Opt out of Overdraft Protection

Richard Barrington | Posted 08.08.2011 | Business
Richard Barrington

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.

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.

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

Richard Barrington | Posted 05.25.2011 | Business
Richard Barrington

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...

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...

For the Banks, the Money Is in Overdraft Fees

Jean Ann Fox | Posted 05.25.2011 | Business
Jean Ann Fox

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.

Bye Bye Big Banks ... We Want Choices

April Rudin | Posted 05.25.2011 | Business
April Rudin

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.

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

Huffington Post | Adam J. Rose | Posted 05.25.2011 | Business

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...

Does Everything Require Stimulus?

Jerry R. Welch | Posted 05.25.2011 | Business
Jerry R. Welch

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

Credit 101 for Your College Freshman

Jason Alderman | Posted 11.17.2011 | Healthy Living
Jason Alderman

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...

Arthur Delaney

Chase's Overdraft Opt-Out: Deliberately Confusing?

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

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

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

Jonathan B. Mintz | Posted 05.25.2011 | New York
Jonathan B. Mintz

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.

Banks Pressure Customers On Overdraft Fees

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

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...