Personal Finance Advice and Commentary

Friday, June 08, 2012 3:41 pm
By Claes Bell · Bankrate.com

A new study shows banks and credit unions are still hiding big fees in the long and complex disclosures they give out to checking account holders.

Thursday, May 10, 2012 3:39 pm
By Greg McBride, CFA · Bankrate.com

Bankrate surveyed the 18 most widely issued prepaid cards, and all had at least one type of fee.

Wednesday, May 09, 2012 11:07 am
By Claes Bell · Bankrate.com

Customers are focusing more on fees when making choices about where to bank, according to a new survey.

Thursday, May 03, 2012 5:16 pm
By Claes Bell · Bankrate.com

Banks blame new regulations for falling fee revenue, but consumers might be getting better at avoiding fees, too.

Wednesday, May 02, 2012 10:03 am
By Claes Bell · Bankrate.com

Community bankers predicted swipe fee caps would hurt them, but they haven’t so far.

Friday, March 30, 2012 4:48 pm
By Claes Bell · Bankrate.com

In just one quarter, banks have seen revenue fall more than $1 billion thanks to the Durbin amendment.

Wednesday, January 11, 2012 11:49 am
By Claes Bell · Bankrate.com

If you follow this blog with any regularity, you know I’ve been writing a lot lately about prepaid debit cards, which are increasingly becoming a challenger to traditional checking accounts. I caught up with RushCard CEO Rob Rosenblatt this week to give him a chance to respond to my criticism of its new RushGoals savings

Wednesday, December 28, 2011 4:41 pm
By Claes Bell · Bankrate.com

A few weeks ago I blogged about a story by American Banker’s Victoria Finkle on how much free checking costs to provide, and how those numbers reflect on the sustainability of free checking at some large banks. The upshot was that while each checking account customer costs banks an average of $349, but the average

Friday, December 16, 2011 4:50 pm
By Claes Bell · Bankrate.com

I wrote a little bit about the “gotcha” fee business model of consumer banking this week and the beginnings of a successful movement to bring a standard, simplified fee disclosure form to the banking industry. But while better disclosure is great, it’s really just an improvement at the margins. A lot of account holders will

Thursday, December 15, 2011 4:15 pm
By Claes Bell · Bankrate.com

A few weeks ago I wrote about a Pew Health Group project to establish a sort of bill of rights for debit card users. I’m happy to report that at least part of that effort — simplifying bank disclosures — is beginning to catch on. Several financial institutions, including Chase, North Carolina State Employee’s Credit

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