Video Length: 01:48When banks don't compete you loseBank mergers mean less competition, which can lead to higher fees. Source:Bankrate.comAdded on: Oct. 1, 2008 advertisementRelated Links:Pros, cons of brokerage checking accounts5 green banking tips to save the planetWhat to do when ATMs make a mistakeRelated Articles:Prepaid card pros & consRisky debit card useChecking vs. prepaid card
Video Length: 01:48
When banks don't compete you lose
Bank mergers mean less competition, which can lead to higher fees.
Added on: Oct. 1, 2008
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A consortium of 19 banks and credit unions has formed a new payments network that will allow consumers and businesses to transfer money instantly using their existing banking apps.
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