Fees
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
Lot of people have been getting notifications from their bank or credit union about overdraft protection for debit cards. These notifications sound urgent and tell you that unless you respond that your financial institution will have to turn off overdraft protection on your debit card soon. While it sounds like your bank is trying to [...]
Today’s inspiration comes courtesy of All Financial Matters (a solid blog with good hard numbers data) who notes that a Money Magazine article called “The Mole” discusses how just because a financial advisor says he puts his clients first doesn’t mean he does. Really? Did I miss something? If it says “I put my clients [...]
Being a [tag]smart consumer[/tag], or smart investor, or smart anything really is all about knowledge. Understanding the world you are playing in just makes good sense. I can spot most finance scams by reading the title. The reason? I’ve spent plenty of time reading the fine print and have grown accustomed to what fine print [...]
