Debit Card Fees News
24 Hours to Go Before Tax Day
If this year's tax filing deadline will be a "pay" day for you and you don't have the cash, the Internal Revenue Service gives you several payment options. First, even if you can't pay your tax bill, go ahead and file your return on time. This way, you'll avoid the IRS' failure-to-file penalty of 5
Bank of America Delays Fees Again
Bank of America has decided to “shelve” controversial new fees that could have come into effect at the end of this year, delaying them possibly until late next year. The second-largest U.S. bank by assets came under fire a year ago when it planned to...
Pit Bulls, Other Breeds No Longer Banned on United
An online campaign to lift a ban on certain breeds of dogs on United Airlines has succeeded. A total of nine breeds, including pit bulls, had previously been banished from the airline. The banned breeds (and breed mixes) were pit bull terriers, American Staffordshire terriers, preso canario, ...
Wells Fargo Adds $7 Monthly Checking Fee
Wells Fargo customers in six states who had free checking accounts will pay $7 a month for paper statements starting in May, the bank said today. The plan is being rolled out in Georgia, New Jersey, Delaware, Connecticut, New York and Pennsylvania, but the bank...
BofA: 'Positive' Response on Checking Fees
Bank of America said it has not yet made a decision about implementing fees it has been testing in three states after the Wall Street Journal reported the company is weighing monthly fees for checking accounts unless customers agree to bank online, buy more products...
Solid Car Sales Likely: Morning Business Memo
Look for more signs of economic growth in reports to be released today. The car industry releases February sales figures, and they’re expected to be solid. Edmunds.com looks for monthly sales to come in 20 percent above January’s number. The top U.S. sales analyst at...
BofA's Deal Service Raises Privacy Concerns
Bank of America began testing a new service on Wednesday to offer personalized deals to its customers based on their previous purchases, and if privacy concerns are overcome, other banks are expected to follow suit. Called BankAmeriDeals, the service offers Groupon-like deals to customers who...
BofA Debit Fee Plan Led to 20% Jump in Closed Accounts
The days of the easy fee grab may be coming to an end. Bank of America’s failed plan to impose a $5 monthly debit card fee led to a 20 percent increase in closed accounts in the last three months of 2011 and a public...
Verizon Cancels $2 Fee
Just one day after Verizon Wireless announced a $2 fee for online or by-phone single payments, the company announced it was canceling the charge. On Thursday, the company announced it would charge customers a $2 “convenience fee” for single bill payments made online or by...