Nothing seems to make consumers angrier than getting charged a fee by their bank when they weren’t expecting it. Some people even leave banks altogether just to get away from the onslaught of fees that are disclosed only in …
checking accounts
Survey: Americans Will Pull $185 Billion Out of Big Banks Next Year
A lot of Americans are ticked off at their banks, and a new survey puts some numbers to that sentiment. Consulting firm cg42 says big bank customers will collectively withdraw $185 billion in deposited funds in 2012, and a total …
Get Ready for Bank-Fee Whack-a-Mole
Bank of America and Chase have abandoned controversial fees that were under consideration. But now banks are quietly calculating which other fees can take their place
Fighting Fees: 3 Ways to Negotiate With Your (Big) Bank
Bank fees are an annoyance, but is there an alternative besides either paying up or pulling up stakes and leaving? Maybe. If you want to keep your bank for other reasons — say, convenience — but the fees are pushing you out the …
How Much Basic Checking at a Big Bank Really Costs
There’s been a lot of media coverage lately about Americans switching from big banks to community banks, credit unions and online banks. That may be a good move for some people, but we’ll come right out and say it: Some consumers …
Bank Transfer Day, The Day After
60 Percent of Independent Banks See Spike in New Account Openings
When Bank of America announced its $5 debit card fee and Citibank raised monthly account fees and minimum balances, consumers threw a fit, with many pledging to change banks and one woman launching a campaign for a November 5 “Bank Transfer Day.” As it turns out, some ticked-off account holders are so mad they’re not waiting until then.
Credit Cards for Kids? Don’t Be Childish
It’s absolutely true that kids should learn about the mechanics of credit: How to use it responsibly and why it can get very expensive very quickly if you don’t. But the idea that they need a card of their own to practice this is …
How To Divorce Your Bank in 5 Easy Steps
With all of the ire Americans are directing toward big banks these days, a lot of people are talking about making a change. Protests like the Facebook-driven “Bank Transfer Day” urge consumers to pull up stakes and switch their …
ING Direct Account Openings Skyrocket After BofA, Citi Fee Hikes
After Bank of America and Citibank said they would charge for debit card use and raise fees and balance requirements, respectively, consumers went online to proclaim that they would change banks rather than pay. But talk is cheap (and switching banks can be a pain), so TIME Moneyland talked to Todd Sandler, head of product strategy at …
Bank of America to Charge $5 a Month For Debit Card Use Next Year
Wells Fargo and Chase each stuck a toe in the water with the announcements that both were testing a $3 fee for debit card usage in limited markets. Bank of America, on the other hand, just cannonballed into the pool with the announcement that it will charge most of its deposit account customers a $5 fee for debit card usage starting …
More Banks Hop on Debit-Fee Bandwagon: Will It Last?
Last month, megabanks Wells Fargo and Chase both announced pilot programs in which they will charge some customers a $3 monthly fee to use their debit cards. Additional banks, including SunTrust and Regions, have followed suit with plans for similar fees. Cue outrage. “A lot of it goes back to the history. Debit cards were supposed to …
