Overdraft Fees News
How the Wells Fargo Unauthorized Accounts Crackdown Affects Customers
Wells Fargo has been fined a combined total of $185 million and the bank has fired 5,300 employees, authorities announced late Thursday. An investigation by the bank under the watch of federal and Los Angeles authorities found that "hundreds of thousands of unauthorized deposit accounts" and "tens
Overdraft Fees Can Cause Financially Vulnerable to Leave Banks
While occasional overdraft fees may be just an annoyance for some, they can cause the most financially vulnerable Americans to flat out leave the banking system, according to a new study by The Pew Charitable Trusts. The 2014 survey described the circumstances of 302 “heavy overdrafters,” or those
Killer Mike on Quote: 'A Uterus Doesn't Qualify You to Be President'
The rapper and activist explains the context of his comments and discusses politics.
Is It Bad If I Don't Have a Chip Credit Card Yet?
By now, you've no doubt heard about EMV chip cards and how they provide better fraud protection than the traditional magnetic stripe versions when swiped at your local retailer. However, there's a good chance one hasn't made its way into your wallet. In fact, according to a recent survey from
The High Cost of Cash: ATM Fees on the Rise
Getting cash from an automated teller machine not affiliated with your bank has never been so expensive. Out-of-network fees -- the price a consumer must pay for withdrawing from an ATM that's not in their bank's network in addition to the fees their own bank may charge -- are at an all-time high.
American Apparel to File for Bankruptcy
The company say that no U.S. stores will close as a result of the restructuring plan.
Bank Charges Fees to Dead Woman’s Account, Despite Daughter’s Pleas
Dear ABC News Fixer: My mother passed away in July. I waited until I received the death certificate to go to her bank, BB&T, in September to close her account. There was $27.50 in the account. I was told I would need a “letters testamentary,” which is a legal document giving authority to the
5 Easy Ways to Stop Wasting Money
Sometimes it can seem like money is disappearing right before your eyes. This is not magic — this is because the world is full of tricks, traps and opportunities to waste your hard-earned money. To start saving and stop wasting, consider cutting back on these five avoidable expenses. 1. Avoid Bank
3 Ways Your Smartphone Can Help You Get Out of Debt
Thomas and Megan Sneed’s daughter, Nora, is growing fast but so are their bills. “We’re like a lot of people. We graduated with college debt, we put our honeymoon on our credit card and then a year after being married, we had a baby,” Thomas...
ATM, Overdraft Fees Hit Record Highs, Survey Shows
If you're in a bind to get cash from an ATM, make sure the machine is in your banking network. Otherwise, you might have to fork over a fee of $4.35, which is the average cost of going outside your ATM network, according to Bankrate.com. That average transaction fee is a new high in Bankrate.com's