Category: Personal Finance News
Stay ahead of the curve with the latest personal finance news. Our team of financial experts curates the latest news, trends, and analyses impacting your money. We’ll keep you informed on the stories that matter most to your financial well-being.
Personal Finance News
Personal Finance News
Citi Becomes Latest Bank to Drop Overdraft Fees
One of the most oft-cited complaints about major banks can be boiled down to two words: overdraft fees. Famously, these penalities of $35 or more would be applied to consumers who overdrew their checking accounts by even $1 or less. Furthermore, regulators and customers have accused some banks of deliberately re-ordering transactions in order to maximize the number of fees imposed. However, in recent years, some banks have begun to...
Personal Finance News
American Express Debuts Rewards Checking Account
American Express is expanding its offerings, launching its first all-digital consumer checking account. Dubbed Amex Rewards Checking, the new account is now accepting applicants. Despite being a checking account, American Express will offer customers 0.5% APY on funds held in their account. As for other features, accountholders will have access to more than 37,000 fee-free ATMs that are part of the MoneyPass network and will enjoy Purchase Protection on eligible...
Personal Finance News
Wells Fargo Announces Account Changes to Help Limit Overdraft Fees
Despite some changes over the years, overdraft fees continue to be an expensive plague on American consumers. However, little by little, institutions have been making some changes. The latest in this trend is Wells Fargo, which recently announced some upcoming adjustments to its policies. The first change coming down the pike is that customers enrolled in Overdraft Protection service will no longer be assessed a fee when fund transfers are...
Personal Finance News
Chase Announces More Features to Help Customers Avoid Overdraft Fees
Today Chase announced some updates they're making to their consumer checking accounts that could have a positive impact. Earlier this year, the bank adjusted their overdraft policy, only charging a fee if a customer was overdrawn by more than $50 at the end of a business day. Additionally, Chase also eliminated its returned item fee. Now, the company has announced further changes that they say will help more than 2...
Personal Finance News
Ally Becomes Latest Bank to Discontinue Overdraft Fees
One of the most frustrating aspects of dealing with many banks is the dreaded overdraft fee. If customers accidentally spend more than is in their checking account, they may be assessed a charge of $30 or more. What's worse, this fee is per transaction — with some institutions being accused of rearranging the order in which transactions post in a bid to maximize these fees. Now, at long last, another...
Personal Finance News
Upgrade Introduces Rewards Checking Account
Recent years have brought a flurry of FinTech and so-called neobanks, presenting some attractive alternatives to consumers seeking more for their money. Unfortunately, with interest rates falling tremendously in the past year, the APYs that many of these accounts once offered have been decimated, leaving startups to find other means of luring customers. In that vein, Upgrade (in partnership with Cross River Bank) has announced a new Rewards Checking account...
Personal Finance News
