When the charitable folks at the Pew Charitable Trusts first suggested that banks could condense their overly complicated fee schedules from over 100 pages to one simple page, it seemed unlikely that any major bank would follow suit. But this morning, JPMorgan Chase announced it would do just that. [More]
Chase To Cut Checking Account Fee Disclosures From 100+ Pages To One
By December 15, 2011
Bank Of America: A Stop-Payment Isn't A Guarantee We Won't Process The Check Anyway
By December 6, 2011
There’s a funny little thing about putting a “stop payment” order on a check that most banks don’t tell you about until it’s too late: They often only last six months and the only way to guarantee that check never gets deposited is to close the associated checking account. This is a lesson being learned the hard way by a Bank of America customer who saw her account drained of its last few dollars after an old landlord cashed a 16-month-old check. [More]
Bank of America Mistakenly Shuts Down Access To Your Account, Charges You For The Pleasure
By May 17, 2008
Poor Jacob. He only wanted to deposit a $2,019 check with Bank of America. Apparently, this was enough to provoke the bank into shutting down his account, leading to overdraft fees whenever Jacob tried to access his money.
