Prepaid cards generally charge high fees than the regular checking accounts that are offered by the five major banks in the United States. This is according to the Consumers Union, which is a non-profit but it has offered some tips on how one can minimize these fees by following a few simple steps. There are some banks that have started charging new fees. However, Consumers Union has revealed that consumers …

The new fee policy at Chase has taken shape and if you review your Chase bank statement you will notice that there is a new $12 service charge that is being added. This is applicable to the existing as well as the new checking accounts. So, if you are hit with the new fee, you could call and request a refund. Most banks will normally give one refund if you …

During the last year banks brought about a lot of changes to revamp the system where the monthly fee was hiked, there were tougher minimum balance requirements, and the rewards programs were snatched away. The only positive spin was that this was required to revamp the system and that customers would be given much more personalized options. However, this is no coincidence that it comes at a time when the …

Ever since the financial crisis began deposit interest rates have continued to decline and are steadily on its way out. The Fed Reserve had started cutting down on the interest rates in order to stimulate the sluggish economy and put it back on track. It is a well-known fact that deposit interest rates are a paltry sum but right until now there were a few opportunities for the shy investor …

According to a study conducted in March, it has been found that prepaid cards are a better alternative for most people. Considering the rising costs in the banking sector these are a better option and even out beat checking accounts in most cases. The general-purpose reloadable prepaid cards are those that can be used like debit cards as they can be topped up at periodic intervals. There are fees involved …