Spirit Adds $2 "Dept. Of Transportation Unintended Consequences Fee"

Fresh off fighting laws that require truth in advertising, Spirit Airlines, which hilariously dubbed itself the “most consumer-friendly airline,” is now taking a stand against another government regulation — one that requires airlines to allow passengers to change flights within 24 hours of booking without paying a penalty — by adding two dollars to everyone’s ticket. [More]

Verizon Says It Won't Back Down On $2 'Convenience' Fee

Verizon Says It Won't Back Down On $2 'Convenience' Fee

UPDATE: Verizon lied. They were not as steadfast as they would have had you believe and have now backed down on this fee. [More]

ATM Company Testing Out Displaying Ads Instead Of Charging Fees

ATM Company Testing Out Displaying Ads Instead Of Charging Fees

ATM fees are the bane of anyone who hates flushing $2 or $3 down the drain just to gain access to their own money. Going off the idea that any money-loving American would rather see an ad displayed during their transaction than pay an obligatory fee, one ATM company is conducting an interesting experiment. [More]

The New Sneaky Fees Banks Are Adding

The New Sneaky Fees Banks Are Adding

Just because the monthly debit card fee battle has been won doesn’t mean banks are gonna stop trying to squeeze more profit off basic checking accounts. Here’s a bunch of the recent fees banks have invented: [More]

BofA Says "Sorry" For Paying Your Real Estate Taxes Late

BofA Says "Sorry" For Paying Your Real Estate Taxes Late

Banks are happy to jump all over you and ratchet up the fees when you’re late. But when they’re late, not so much. [More]

Apparently, Any Transaction Can Be 'Foreign'

Apparently, Any Transaction Can Be 'Foreign'

The Internet brings a global marketplace to us as we sit on the couch eating Pop-Tarts while wearing pajama pants. But a world of options brings a world of fees, thanks to our banks. Beth would expect her credit card issuer, Citibank, to assess foreign transaction fees if she were using her card abroad. Not if she were buying a domain name through Yahoo. [More]

BofA Reaps Fees From Unemployment Benefits Loaded On Debit Cards

BofA Reaps Fees From Unemployment Benefits Loaded On Debit Cards

While Bank of America’s now-abandoned plan to charge debit card users $5 a month has received a halogen spotlight recently, far less attention has been paid to how it collects fees off the unemployed. In some states, unemployment benefits are issued via Bank of America debit cards. States save money by not using paper checks, but the unemployed lose out from all the fees hiding in the cards. [More]

BofA Charges Man $39.23 On A $0 Balance

BofA Charges Man $39.23 On A $0 Balance

Bank of America charged Roger $39.23 in interest on his credit card, even though he had a zero balance. How could that be? [More]

BofA Ending $5 Debit Card Fee

BofA Ending $5 Debit Card Fee

Bank of America is calling off its plan to charge debit-card users $5 a month, the WSJ reports. [More]

Chase Drops Plan For $3 Debit Card Fee

Chase Drops Plan For $3 Debit Card Fee

Chase joins U.S. Bancorp, Citigroup, PNC, KeyCorp and other large banks that have recently moved away from the plan to charge consumers a monthly fee when they use their debit cards to make purchases, reports the Wall Street Journal. The bank recently tested the fee in both Washington and Georgia. [More]

You Have To Call Up Wells Fargo To Ask For Your Extra Payment To Be Applied To The Late Fee

You Have To Call Up Wells Fargo To Ask For Your Extra Payment To Be Applied To The Late Fee

Keith just found out the hard way that if you try to pay off your late fee with Wells Fargo, you can’t just add it on to the regular payment. You have to call them up and tell them where to apply it. [More]

DOT Investigates Airlines For Not Disclosing Fees On Their Websites

DOT Investigates Airlines For Not Disclosing Fees On Their Websites

Starting August 23rd, airlines were supposed to start being more upfront on their websites about the fees they charge you. Guess what? They didn’t. [More]

TCF Bank Adds New $28 Daily Overdrawn Balance Fee

TCF Bank Adds New $28 Daily Overdrawn Balance Fee

Reader Jeff used to intentionally overdraw his bank account in order to have enough money to feed his family and gas the car. At $35 a pop, that’s a pretty cheap loan. But now that’s not going to be a viable option because TCF Bank has started to assess him a daily fee of $28 if his account is overdrawn by $5 or more. [More]

Behold The Amazing Disappearing Prepaid Debit Card

Behold The Amazing Disappearing Prepaid Debit Card

It seemed like a good idea at the time. When Jim’s wife received a bonus at her job in the form of a prepaid debit card from the First National Bank of Omaha, they chose to put it away for an emergency. What they didn’t realize is that prepaid debit cards combine all of the arbitrary fees of banks with all of the general crappiness of a gift card, only worse. Much worse. By the time the couple went to use the card, the entire balance had been gobbled up by fees. Fees levied for not using the card. [More]

Non-Credit Union Alternatives To Banks With Monthly Debit Card Fees

Non-Credit Union Alternatives To Banks With Monthly Debit Card Fees

While often the default response online to people looking for something other than a big retail bank to stash their cash is to shout, “Credit union! Credit union!”, they’re not the only game in town. [More]

Bankers Association Defends Checking Rate Hikes: "We Don't Expect To Pay Nothing To Ride The Train"

Bankers Association Defends Checking Rate Hikes: "We Don't Expect To Pay Nothing To Ride The Train"

Bankers are sure trotting out the appealing straight talk to defend the recent increase in rates on various consumer banking services. First it was Bank of America CEO Brian Moynihan telling folks that adding a $5 monthly fee for debit cards was okay because they “have the right to make a profit.” Now an American Bankers Association has an interesting turn of phrase to defend the jackup in checking account costs, most recently done by Citibank. [More]

Bank Of America CEO Defends $5 Fee Hike: We Have "Right To Make A Profit"

Bank Of America CEO Defends $5 Fee Hike: We Have "Right To Make A Profit"

Bank of America has taken a lot of flack over the bank’s decision to levy a $5 monthly fee on debit card holders. Now the CEO is firing right back. [More]

Citi Jacks Up Monthly Fees And Minimum Balance Requirements For Checking Accounts

Citi Jacks Up Monthly Fees And Minimum Balance Requirements For Checking Accounts

While Bank of America is inflaming consumers’ anger by saying it will soon start charging some debit card customers a monthly fee, the people at Citibank have been busy figuring out just how much to inflate the monthly fees and balance minimums for many of their checking account customers. [More]