Banking
After facing the biggest customer backlash in recent memory over its decision to implement a $5 per month use fee for customers using a Bank of America debit card, the banking giant has reversed course and announced that it will not charge the $5 debit card fee starting next year. This news comes on the [...]
Continue reading about Bank of America Cancels Debit Card Fee
It turns out that not all of the big national banks will be using overt money grabbing fees to boost their revenues like Bank of America is by charging a $5 fee to use your debit card even once per month. Wells Fargo and Chase Bank have both announced that they will not be gouging [...]
Continue reading about Some Banks Not Charging Monthly Debit Card Fee
Use your debit card from Bank of America even once and you’ll be charged a $5 fee. That’s on top of other fees that BoA charges. The bank that is hardly the top of the most customer friendly list has decided that it can no long afford to be in the banking business without money [...]
Continue reading about Bank of America Charges $5 Per Month For Debit Card
FDIC insurance coverage of $250,000 per account has been extended through 2014.
Continue reading about FDIC Insurance Limit Increase Extended
I was going through my stack of mail to look at (separate from the stack that has things that actually need taken care of) and came across an offer for Fidelity’s mySmart Cash Account. Intrigued, I decided to take a look at the Fidelity checking account that they were so proud of that they included [...]
Continue reading about Good Enough Checking From Your Bank or Brokerage
Days like yesterday and today are why I write the Finance Gourmet. For those of you who didn’t see it, the Federal Reserve, or Fed cut interest rates to between 0% and 0.25%. All day today, the media has been droning on about what it means for consumers, homeowners, and the economy. Unfortunately, they are [...]
Continue reading about Interest Rates, Mortgages, HELOCs, Credit Cards, and the Fed
Several years ago when I was a wild-eyed fresh out of college computer guy, I got my first “real” job with a local company. The company had around a 100 employees or so which meant that the HR person was the Office Manager. On my first day, the Office Manager went through all the basics [...]