San Francisco Consumers Union Senior Attorney Gail Hillebrand says that the new bank rule that require customers to maintain a minimum amount of credit in their checking accounts will surely affect bank clients or customers. He adds that the minimum maintaining balance must not be spent or withdrawn or else credit holders of checking accounts will be charged. With this, Hillebrand asserts owners of well-managed checking accounts—no matter how low …

Bank of America introduced new fees to its clients’ checking accounts during the last two quarters of this year. This time, it is adding new fees again. There are now new sets of laws in banks where a minimum requirement is made in relation to balance to be maintained, etc… The requirements become the basis on whether the same banks will include monthly charges in customers’ checking accounts. The charges …

In the last week the Treasury made an announcement that it plans to bring out a pilot program by which unbanked persons or under-banked persons can have checking accounts. These people make transactions with cash only as for some reason or the other they don’t have checking accounts. Matt Anderson, the spokesperson of Treasury stated that these persons, most of the times become targets for higher fees for paying bills …

On the coming Monday, Huntington Bank will be the first major bank in the U.S.  to offer a grace period of one day for checking overdraft fees.  This is a step taken by the bank when retail banks that are despised for their fees love are trying to please customers by offering means and ways to them to avoid expensive charges. This new free service given by the bank will …

There have been many instances of cyber theft with major banks. Thousands of dollars are being stolen every time a move goes into action and not just from a few people but from many online bankers as well. Banks also lose significant amounts of money just to fight these culprits by coordinating with experts who can help them with cyber issues. Defense hard wares have been developed and are still …