Debit cards were supposed to be toast. The industry started writing their obituary when financial reform targeted overdraft …
debit cards
Big Bank Epiphany: Adding New Fees May Be Bad For Business
Could 2013 be when big bank customers finally get some relief from the onslaught of fees they’ve weathered in recent years?
Students Snag Free Sneakers, iPads, Gift Cards, Cars – Just for Showing Up at School
The traditional incentives for attending school—getting into a good college, avoiding punishment at home, possibly learning some useful stuff—don’t seem to be doing the job. To boost attendance at struggling schools, …
Bank of America Closed a Bunch of ATMs This Year
Almost exactly two years after Bank of America rolled out its “eBanking” checking account that costs nearly $9 a month if the customer wants service from actual human tellers, the bank’s recent quarterly report shows that …
Vacation Spending: Credit or Debit?
Packing for vacation inevitably involves some decision making: Do I bring extra sunglasses? Flip flops or sandals? But a more important question is whether you should use a credit or debit card for vacation spending. Debit cards, …
The Dumbest Way Ever to Get Your Identity Stolen
Facepalm, as the kids would say. Even if you’re a relative newcomer to the Internet, there are probably some things you would consider unsafe to do — such as, oh, posting a picture of your credit or debit card for all the world …
Would You Buy Stuff at a Garage Sale With a Credit Card?
Every summer, phone poles fill up with colorful fliers advertising events like garage sales, flea markets and bake sales. But this year, you’re more likely than ever to pay with plastic for that tchotchke or cupcake. A new study …
The Subprime Generation: Stop Using Dubious Financial Services!
More young Americans – even those earning between $50,000 and $75,000 – are using payday lenders, prepaid debit cards and other questionable financial services. But there are better alternatives to those “alternatives.”
Swipe Fee Caps Are Here — So Where Are the Savings?
One of the most contentious parts of the Dodd-Frank financial reform legislation enacted in the wake of the credit crisis was the Durbin Amendment. You may not know it by name, but you know its primary effect: higher bank fees. …
Solutions to 9 Puzzling Financial Frustrations
Deals as Debit Rewards? Bank of America Brings Back Debit Card Rewards With a Twist
If you think your bank’s CEO lies awake at night thinking of ways to take away your customer perks, here’s a surprise: debit rewards are coming back. Sort of. Bank of America is testing a pilot of a new merchant-funded reward …
Bank of America’s $5 Debit Fee Led to More Account Closings, CEO Says
A lot of people got really bent out of shape when Bank of America announced last fall that it would start charging a $5 monthly debit card fee. Online petitions were launched as the blogosphere and social media sites like Twitter overflowed with messages denouncing banks in general and Bank of America in particular.
