checking account news stories on Newser

Banks Still Raising Under-the-Radar Fees

Evann Gastaldo — Mon, 14 Nov 2011 14:40:05 CST

You may want to stop celebrating over Bank of America’s scrapped $5 debit card fee , because the bank has been quietly adding or increasing other fees to make up for it. Think $5 to replace your debit card, or $12 per month for a basic checking account—up more than...

Kiss Your Free Checking Account Goodbye

Kevin Spak — Sun, 20 Jun 2010 07:34:32 CDT

The free checking account could soon be a thing of the past, as Bank of America and other banks introduce a pile of new fees, telling the Wall Street Journal that they need to replace revenue lost because of new regulatory rules protecting consumers from surprise overdraft fees. To avoid...

UK to Scrap Paper Checks in 2018

Harry Kimball — Thu, 17 Dec 2009 12:51:00 CST

The UK plans to phase out the paper check in 2018. Officials say they'll use the next 8 years to push for innovation in payments in the country, especially electronic methods. There is robust opposition to the plan, the Telegraph reports, but the Payment Council—a semi-governmental UK entity made...

Jon, Kate Will Go to Arbitration Over Cash Dispute

Nick McMaster — Mon, 12 Oct 2009 15:38:25 CDT

Jon and Kate Gosselin may avoid an emergency hearing over disputed withdrawals from their joint bank account: The two will meet with a court-appointed arbitrator tomorrow in hopes of resolving the dispute privately. Kate filed court papers requesting the emergency hearing over Jon's $230,000 withdrawal; Jon has shot back...

Best iPhone Apps to Manage Money

Jason Farago — Tue, 04 Aug 2009 06:03:55 CDT

Many banks are now developing iPhone applications to let you manage your accounts, but several free apps can help you keep your finances straight. The Wall Street Journal looks at some of the best. Mint— links all of your accounts, from checking and savings to loans and investments, into one...

Troubled Banks Have a New Benefactor: You

Wesley Oliver — Sun, 28 Jun 2009 11:31:01 CDT

Your children aren’t the only ones who think you’re an ATM: Your bank does, too. Facing declining revenues and smacked with tough, new credit card legislation from Congress, banks are hiking overdraft, ATM, and checking account fees, the Washington Post reports. The average bounced check fee rose 2.5% from...

FDIC May Need Its Own Bailout

Harry Kimball — Thu, 02 Oct 2008 13:49:00 CDT

The Federal Deposit Insurance Corporation has quietly and effectively done its job safeguarding Americans’ money since 1933, but the financial crisis will thrust the agency into the spotlight, reports Big Money, Slate’s financial offshoot. The bailout bill increases the amount the FDIC insures, from $100,000 to $250,000, but...