Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Tag Archives: Bank of America

A Checking Account With No Overdraft Fees?

July 10, 2009 – 4:42 pm

Overdraft fees netted nearly $37 billion for banks in 2008, and with so many major financial institutions like Bank of America hurting for cash this year, consumers can expect an assortment of banking charges to climb even higher in 2009. It’s a double whammy for money-strapped Americans because the people most likely to get slapped with [...]

Posted in Budgeting, Credit, Education, Personal Finance, Saving Money | Also tagged , , , | Comments (1)

Fees Rise as Bank Revenues Drop

June 29, 2009 – 12:13 pm

Wondering how banks are coping with the recession? Easy: They’re dipping deeper into the pockets of consumers who make banking mistakes.
The Washington Post yesterday reported on a topic we’ve covered in depth: increased banking fees.
Customers are paying more to maintain a checking account and withdraw cash from an out-of-system ATM, and when they bounce a check. To [...]

Posted in Budgeting, Legislation, Personal Finance | Also tagged , , , , , | Comments (1)

Avoid Increasing Bank Fees by Balancing Your Checkbook

June 18, 2009 – 10:39 am

Account holders may not be aware that banks like Bank of America, SunTrust and Wachovia have increased fees on certain services. At a time when federal lawmakers are cracking down on questionable bank practices like hidden fees, and trying to implement more transparency among financial institutions, consumers should remain vigilant about their own finances to [...]

Posted in Government Policy, Personal Finance | Also tagged , , | Comments (0)

My Checking Account Costs $119.40?

April 22, 2009 – 4:24 pm

You know those “Important Notices” you get in the mail from your bank and credit card companies? The ones filled with 25 pages of indecipherable fine print? Well, it turns out that sometimes there’s actually important information mixed in with all the legalese. At least if you want to avoid paying $119.40 in annual fees.
Bank [...]

Posted in Featured Posts, Personal Finance, Saving Money | Also tagged , , , , , | Comments (4)

Bank of America to refund overdraft fees to customers

January 29, 2009 – 10:18 am

As part of the settlement of a class action lawsuit against Bank of America, the bank has agreed to pay up to $78 to account holders who paid non-sufficient funds fees between December 2000 and December 2007. The lawsuit claimed that the bank charged millions in overdraft fees by changing the posted order of customers’ [...]

Posted in Personal Finance | Also tagged | Comments (7)