February Bank Alert!
By: Christina Tetreault For our February Bank Alert we’d like to highlight a new bank policy many of you may have encountered. The big banks have been imposing a back-door fee by raising the minimum...
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Bank Fee Alert: BoA Trying Again!
The Wall Street Journal is reporting that Bank of America is considering plans to charge new monthly fees to its customers unless they bank online, hold a mortgage with the bank, or meet other...
View ArticleBank of America to stop “zombie account” practice on closed accounts
Wednesday, August 22, 2012 Bank of America to Stop “Zombie Account” Practice on Closed Accounts Consumers Union Hails Decision But Bank Switching Obstacles Remain SAN FRANCISCO, CA—In a victory for...
View ArticleNew Bill in Congress Would Take the Hassle Out of Switching Banks
Have you ever tried to switch banks – only to find that moving your money can be a real hassle? Banks make it difficult for customers to switch to a competing bank or credit union. Rerouting direct...
View ArticleCFPB Working for You: New Report Shows How Overdraft Fees are like a 17000%...
Consumers have made it clear: they’re fed up with overdraft fees. Unreasonable and high overdraft fees can be disastrous for consumers like James of Aliquippa, PA, who wrote to us: “[M]y bank has...
View ArticleBank Fees Ascend to Record Highs
Another year, another disappointing result from Bankrate’s annual bank survey: several fees are continuing to creep up to record highs. According to the AP, Bankrate found that both out-of-network ATM...
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