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The Fed says that banks need to get customer consent before imposing overdraft fees

The Fed says that banks need to get customer consent before imposing overdraft fees

After all the uproar that banks have started regarding overdraft fees for ATM and debit card transactions, the Federal Reserve has put a new rule in place that requires banks to get their customers’ consent before they are able to charge fees due to an …

Things you can do to minimize your bank fees

Things you can do to minimize your bank fees

Bank fees are really starting to add up for some people. There are a few things you can do to make sure that the money in your bank account stays yours instead of you forfeiting the money to the bank.
1) Don’t bounce checks and make …

SEC is going to court with Bank of America over Bonuses

SEC is going to court with Bank of America over Bonuses

A lot of public scruitiny has been placed on Bank of America after giving out nearly $6 billion in bonuses to Merrill Lynch executives. Just a week after a trial resulted in a $33 million settlement, in which the bank agreed to pay but admit …

How much do you have to put on your debit card until it’s rejected?

How much do you have to put on your debit card until it’s rejected?

While it’s been a few years since I found myself angry about overdraft fees in my own bank account, after reading a few articles on the internet about other people incurring fees (and accumulating them over the course of a few days) I have once …