Consumer relationships with big banks are suddenly changing and not for the better from what they were weeks ago. A study conducted by Pew Group on Safe Checking account practices found that consumers have very little time to develop relationships with banks while considering checking accounts. Most of the time everything is in favour of the bank rather than the consumer and this makes things very complicated. After a study …

Checking accounts are fast disappearing and the banks are now charging excessive fees on all their services when compared to charges in the past. Either they have increased their fees or they have limited number of transactions that you are allowed on your checking accounts before the fees kick in. As per the results of the study conducted by PEW charitable trust on the 10 major banks, it was found …

Debit card users are increasingly worried due to the recent security breach that was brought to light at the arts-and-crafts retailer Michaels Stores. There are around 185 million US consumers who own debit cards and these reports are causing a lot of concern since the reports claim that the thieves not only managed to steal the information from the debit cards from the stores across 20 states, but they also …

Many consumers don’t look into their most widely used financial services product, checking accounts as much as they do compare the statements on other payment methods such as credit cards. It is seen in a study conducted by the Pew Group that when consumers are unaware of such aspects, they end up paying large amounts of penalties and overdraft fees. There were a number of checking accounts examined in the …

In the recent times, Huntington Bancshares as well as several other regional banks as well as community banks have all started offering free checking accounts in a bid to attract customers from the major banks. But their efforts to attract customers by offering them free services may not remain for very long as the regulation costs will turn into reality by the year end. Stephen Steinour, CEO, Huntington Bancshares stated …