Last year, banks made $11.16 billion from customers who overdrew their accounts with a majority of those overdraft fees going into the pockets of the three largest banks: Wells Fargo, Bank of America, and JPMorgan Chase. There could be more fees headed Chase’s way soon if customers don’t pay heed to the company’s changing overdraft policy. [More]
savings account
Chase Raising Fees On Some Checking & Savings Accounts In 16 States
By 5.6.15
Chase customers in more than a dozen states will be seeing a slight change to some of their account statements next month, as the bank announced it would increase service charges for both checking and savings accounts. [More]
Bank Of America Cuts Me A 1¢ Check I Don’t Want Or Need
By 9.9.13
Bank of America…scrupulously honest? Hmm. Reader Dave closed his money market account that dated back to the Countrywide era, transferring all of the funds to a local bank. (Yay!) Well, he thought he had transferred all of the funds. Did the company zombify his account years later, charging him maintenance fees on a one-cent balance? No. something unexpected happened. [More]
Why Does HSBC Need To Conduct A 15-Minute Interview To Add My Wife To My Savings Account?
By 2.1.12
Back in the wild and crazy mid-2000s, when we were all taking out adjustable-rate mortgages on vacation properties in Nunavut, Consumerist reader Matt decided to take advantage of the attractive interest rates on HSBC’s high-yield online savings accounts. [More]
