Banking Blog

Despite all the carping from banks over the swipe fee limits imposed by the Durbin Amendment, debit cards remain an important profit center for the industry. From Kate Fitzgerald at American Banker: Even with reduced revenues, debit still drives profits, Scott Qualls, senior vice president with BB&T Corp., told attendees. “We focus on the overall

Many people find setting aside money to be a major challenge, and it’s even more difficult in these tight-budget times. With that in mind, here are 10 tips, courtesy of America Saves, a campaign coordinated by the nonprofit Consumer Federation of America, to help you save at least a little — or better yet, a

Fifty-eight percent of U.S. men spend more time each week watching sports than they spend working on their personal finances, including their investments, according to a new national survey of 500 men conducted by TNS on behalf of ING Direct, an online bank, and Men’s Health magazine. However, there’s still room for finances. ING Direct CEO

TD Bank announced it will raise fees in certain areas today, but the Northeast-based banking institution’s increases impact some unexpected services. Here’s a breakdown of the changes, which go into effect next month. Excessive savings account withdrawals (six allowed free each month): $9 for each additional remote transaction. Wire transfers: $15, previously $10. Certified checks: $8,

While you may already be conducting some of your banking online, one company is hoping to help you do, well, pretty much everything without signing, sending or storing a single piece of paper. Today, Doxo, a digital file storage and e-payment company, announced additional features for its doxoPAY function that give users more control over

It looks like despite backtracking from big banks on their plans to introduce debit card fees, Bank Transfer Day and customers fed up with fees are having an impact on the banking industry. The Credit Union National Association, known as CUNA, gave word this week that 5,000 of the nation’s credit unions had signed up

Bank Transfer Day makes a darn good headline. But in fact, most consumers are extremely, very or at least somewhat likely to continue their existing relationship with their primary bank or credit union, according to a recent online poll of 2,463 adults by Harris Interactive. Only 3 percent of respondents said they weren’t at all

To the victors goes the gloating. Bank of America has backed off its plan to charge a $5 monthly fee for debit card use. And now, Molly Katchpole, a consumer who started a national petition against the fee, and the Credit Union National Association (CUNA), a trade group that represents credit unions, are twisting the stake

Just a few days after several big banks bowed to customer outrage and eliminated new debit card fees, banks are facing criticism on another front. Some policy think tanks and government officials are starting a new push to get all banks to come clean on fees. Sens. Dick Durbin, D-Ill., and Jack Reed, D-R.I., held

Word this week that Filene’s Basement, the popular Massachusetts-based discount store and one of the last remnants of the department store empire of Edward Filene, will be closing its doors in 2012. The store was famous for its literally bargain-basement prices and door-busting sales of wedding gowns. Why am I writing about a discount clothing