A checking account is the most common product offered by banks. It is the primary method of making daily purchases for most consumers. According to the FDIC there are about 100 million bank accounts in use today. Unfortunately the banking industry is notorious for using terms and conditions that can be confusing to a lot
As an American if you feel you’re being treated unfairly a protest can be an effective way to voice your opinion. If your bank is treating you unfairly the best way to protest is by switching to a new one. Switching to a new financial institution is a fool proof way to avoid unwanted checking
If you are a big bank customer the recent behavior of Wells Fargo may have you reconsidering your current bank. Switching to a new bank may seem like a lot of work, but knowing what to look for when you’re shopping around makes a difference. Interest rates remain very low, which has led larger banks
There are a number of different checking account fees that can eat away at your savings. In fact according to pewtrusts the median number of different checking fees is now over 45. Trying to avoid all of these fees can be frustrating, but it doesn’t have to be. Here are 3 bank fees that you
Unlike romantic relationships it’s good to have more than one with a bank. It’s common to have an account at more than one financial institution. It makes it easier to cut ties with one if you’re unhappy with their service or cost of fees. If you’re in the market for a new checking account here
Since the great recession of 2009 the banking industry has been a target for new innovation and technology. It’s apparent that the industry needed a makeover considering that billions of dollars have been invested in fintech startups worldwide since 2010. Next month banks can start offering customers same-day ACH transfer service. This will allow you
Those consumers labeled as millennials are aware of their money and don’t want to pay high fees for traditional bank services any longer. After seeing their parents struggle through the great recession of 2009 more young people are looking for affordable options when it comes to banking. CCG Catalyst found in a recent study that
Paying an ATM fee to access your own money is the worst. In fact in a recent survey by TransferWise the majority (46%) of respondents said ATM fees are the most unfair bank fee there is. The current average amount for an out of network ATM fee is now over $4.00. It has increased over
Living paycheck to paycheck is a real struggle for millions of Americans. Paying rent or making the mortgage payment on time each month is stressful for anyone, but especially if money is tight. Having a checking account should make managing your money easier. Unfortunately millions of consumers are paying their bank each month for simply
The cost of keeping your money at a brick and mortar bank can get expensive. The average cost of an overdraft fee at retail banks in the U.S. has increased six dollars to $33 since 2005 according to bankrate. That increase is much higher than the rate of inflation which means customers are paying more for having a checking account in 2016. The financialbrand found the
