Keyword Search Results
Overdraft
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Press:
How to steer clear of checking account fees
What’s more annoying than the vuvuzela, the South African horn that has become the soundtrack for this year’s World Cup? Probably nothing. But checking account fees come pretty close. It’s been years since consumers have… -
Press:
Overdraft rules have a long way to go
New rules kicked in last week for sky-high overdraft fees changed by banks. That’s a good thing. The bad thing is that the rules apply exclusively to ATM withdrawals and one-time-only debit card purchases, as… -
Press:
Wells Fargo loses consumer case on overdraft fees
Wells Fargo & Co. should pay about $203 million to customers who say the bank manipulated debit-card transactions without their knowledge to increase revenue from overdraft fees, a federal judge ruled. U.S. District Judge William… -
Press:
Your card has been declined, just as you wanted
Coming soon: credit and debit cards that cut you off when you disregard your own monthly budget. In the next couple of days, MasterCard is expected to announce that Citigroup will be the first company… -
Press:
More overdraft protections may be coming
Last week, Federal Reserve rules went into effect that barred banks from automatically charging existing account holders overdraft fees on ATM and debit card transactions. But more consumer protections concerning overdrafts could be on the… -
Press:
Bank fee Whac-a-Mole: New charges hit accounts
Bank fees: They’re like a game of Whac-a-Mole. The minute one set is banned, a whole new set pops up. In August, the Card Act banned a variety of fees—including certain overdraft and excessive late… -
Press:
Call for end to abusive overdraft practices
A coalition of consumer groups is calling on the Office of Comptroller of the Currency (OCC) to adopt stricter guidance that requires banks to use fair overdraft practices and fully inform consumers. In a letter… -
Press:
Watch out as banks raise fees to fill void
The sign on Marian Foreman’s bank changed from Union Trust to Signet to First Union to Wachovia over the past three decades. But it wasn’t until Wells Fargo bought Wachovia two years ago that she… -
Press:
Citi to pay smaller checks first
Citibank will soon start clearing customer checks in a way that minimizes the potential for multiple overdraft charges. In an internal memo sent Monday, the bank said it will process checks starting… -
Press:
BofA to try letting customers OK overdrafts via texts
It’s an uncomfortable moment: You try to use your debit card but the cashier shrugs and says, “Sorry, it’s been declined,” because you don’t have enough in the account. Then your mobile phone buzzes with… -
Press:
Prepaid cards subject jobless to host of fees
When you’re getting unemployment benefits, you by definition don’t have a lot of cash to spare. So it seems especially unfair that people who receive their jobless benefits on prepaid debit cards are subject to… -
Helpdesk:
Debit overdraft rules
In 2010, the Federal Reserve issued new rules regarding overdraft fees on debit and ATM cards. You can now choose to stop banks from approving debit and ATM card transaction—and charging you an overdraft fee… -
Helpdesk:
Debit card fees
There may be. Here are some examples of potential fees associated with using a debit card: If you use your debit card to withdraw cash from another institution’s ATM, it would incur a fee, from… -
Helpdesk:
Debit card overdraft fees
Banks are no longer allowed to charge an overdraft fee for point-of-sale or ATM debit card transactions unless you have opted in to overdraft protection. If you do opt in, the bank could charge you… -
Helpdesk:
Closing a prepaid card account
Find out from your card issuer what the process for closing your prepaid card account is, whether there are any account closure fees, and how to avoid losing any of the funds remaining on the… -
Press:
Bill to crack down on nasty overdraft fees
Rep. Carolyn Maloney doesn’t want you to unwittingly fork over $35 for a cup of coffee. Maloney, D-N.Y., Wednesday introduced the “Overdraft Protection Act,” a bill that aims to crack down on overdraft fees. The…
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