Banking Blog

Friday, August 26, 2011 12:30 pm
By David McMillin · Bankrate.com

If banking means powering up your smartphone, it’s time to get wise to which applications, or apps, are keeping your personal information secure. Digital forensics and security firm viaForensics conducted a mobile application security study to determine how well some of the most popular consumer apps protect sensitive data. Only 14 of 32 Android and iPhone financial

» Read more
Thursday, August 25, 2011 2:11 pm
By Claes Bell, CFA · Bankrate.com

Banking giants the world over are struggling with falling stock prices, but Bank of America has had a particularly tough month. BoA executives watched in dismay as the bank’s stock price plummeted in August, reaching a low of $6.01 this week before surging on news that Berkshire Hathaway founder Warren Buffett had made a massive

» Read more
Tags: Banking, banks
Tuesday, August 23, 2011 11:28 am
By Claes Bell, CFA · Bankrate.com

Five months after closing its debit rewards program to new customers, banking giant Wells Fargo announced this week it’s ending debit rewards programs for existing customers. From Blake Ellis at CNN Money: Beginning in October, customers who are already enrolled in the issuer’s debit card rewards program will no longer receive points for making debit

» Read more
Monday, August 22, 2011 3:29 pm
By Marcie Geffner · Bankrate.com

Overdraft fees charged by major U.S. banks remained largely unchanged from 2010 to this year. But many banks tinkered with their overdraft policies in ways that might cost consumers more (or less) money if they incur an overdraft. The median bank overdraft fee was unchanged at $35 with initial fees ranging from $33 to $37. A

» Read more
Monday, August 22, 2011 12:30 pm
By Marcie Geffner · Bankrate.com

When it comes to online banking and investing, security trumps speed and convenience for nearly 80 percent of consumers. That’s according to a recent Zogby Interactive survey in which 78 percent of 2,160 U.S. adults polled said they’d sacrifice some convenience and provide an extra level of authentication in addition to a password before accessing

» Read more
Saturday, August 20, 2011 12:30 pm
By David McMillin · Bankrate.com

While some of America’s biggest banks closed their debit rewards programs earlier this year, using your check card can still pay off. Last month, Ally Bank unveiled a free rewards program that offers cash back on some debit card purchases. The program doesn’t function exactly the way debit rewards programs worked at other banks, though.

» Read more
Friday, August 19, 2011 1:20 pm
By Claes Bell, CFA · Bankrate.com

It’s probably not a coincidence that less than a week after a Federal Open Market Committee meeting ended with three members dissenting, the Obama administration finally began floating some new nominees for the Board of Governors at the central bank. The three dissenting FOMC members, Richard Fisher, Narayana Kocherlakota and Charles Plosser took issue with

» Read more
Friday, August 19, 2011 10:30 am
By Marcie Geffner · Bankrate.com

Should the federal government regulate virtual currencies as if they were home loans, bank accounts or other consumer financial products? That question popped up this week in a comment letter the American Bankers Association, or ABA, submitted to the Consumer Financial Protection Bureau, or CFPB. The letter expressed the Washington, D.C.-based trade association’s views about the

» Read more
Thursday, August 18, 2011 11:23 am
By Claes Bell, CFA · Bankrate.com

Bank fees are multiplying like tribbles on a vintage episode of Star Trek these days. News this week that Wells Fargo will begin testing a $3 monthly fee for debit card users starting this fall. From the Associated Press: The San Francisco-based bank said the fee will be applied to checking accounts opened in five

» Read more
Wednesday, August 17, 2011 1:29 pm
By David McMillin · Bankrate.com

When the time arrives to find a new student checking account, the homework may be getting more challenging for parents and their college-bound children. SunTrust Bank recently informed customers it will begin imposing a $4 monthly maintenance fee for Student Checking account holders who fail to meet one of the following requirements. Minimum of one payroll

» Read more
Page 87 of 103« First...102030...8586878889...100...Last »