free checking

3 Stories

'Free' Checking Accounts: Not So Free Anymore

Plus, credit card companies not passing on low interest rates

(Newser) - Free checking accounts were the norm in the 1990s, but not so anymore: Today just 39% of noninterest checking accounts are free to everyone, down from 76% in 2009 and 45% last year, a new Bankrate survey finds. Some banks are doing away with free checking accounts entirely; some are... More »

Banks Phasing Out Free Checking Accounts

Trend of the 1990s falls victim to new banking environment

(Newser) - The days of free checking accounts are numbered for many bank customers around the country, reports the Los Angeles Times . New rules that make it harder for banks to impose various fees mean they need to pull in money from elsewhere, so those free accounts are being phased out. Generally... More »

Kiss Your Free Checking Account Goodbye

Banks raise fees to make up for lost overdraft bonanza

(Newser) - The free checking account could soon be a thing of the past, as Bank of America and other banks introduce a pile of new fees, telling the Wall Street Journal that they need to replace revenue lost because of new regulatory rules protecting consumers from surprise overdraft fees. To avoid... More »

3 Stories