The company has sent out an emails to SoFi Money account holders to let them know that effective June 5th, they will no longer earn interest unless they switch to SoFi Checking and Savings.
M&T Bank has received Federal Reserve Board approval for its $7.6 billion acquisition of People’s United Bank.
Citi today announced plans to eliminate overdraft fees, returned item fees, and overdraft protection fees by the summer.
Wells Fargo announced on Tuesday that it will stop charging customers fees for bouncing checks and will waive fees for customers using its overdraft protection services.
Bank of America announced today that it will eliminate charges for insufficient funds and reduce overdraft fees.
Acorns is now developing a new feature that will let users choose their own investments for the first time.
Capital One announced it will completely eliminate all overdraft fees and non-sufficient fund (NSF) fees for its consumer banking customers.
Looks like the proposed bank reporting rule was not included in the $1.75 trillion dollar budget reconciliation bill.
The tech giant will let users open checking accounts, pay friends and manage budgets through a new version of its Google Pay app rolling out Wednesday.
Wells Fargo has walked back its sudden decision to discontinue personal lines of credit. The reversal comes after outcry from customers who have relied on these lines of credit for years
Citizens Bank is acquiring Investors Bank. Both of these banks often offer bonuses for new accounts. This merger should cut those bonus opportunities in half.
Checks that are presented on or after Aug. 20 will be returned unpaid even if funds are available in the account, and payments processed as a check using a savings account may be rejected.
The Consumer Financial Protection Bureau (CFPB) is a federal government agency that collects consumer complaints about credit cards, mortgages, bank accounts, student loans, consumer loans, credit reporting, money transfers, and debt collection
Wells Fargo has disclosed in an SEC filing on Wednesday that it is under a new Consumer Financial Protection Bureau investigation over its handling of consumer bank accounts.
Azlo, an online bank for small businesses, is shutting down. The news comes after its parent bank, BBVA USA, also made the decision to shut down Simple Bank. BBVA announced in November it would sell its U.S. business to PNC Financial Services Group.
Simple, an online only bank, is shutting down amid the pending sale of its parent bank, BBVA USA. Simple notified employees on Wednesday and told customers Thursday, calling the pending closure a “strategic decision.”
Venmo, a banking and peer-to-peer payment app owned by PayPal, is launching a check cashing feature for both its Android and iOS apps for some users in the US. Venmo Cash a Check will allow users to snap a photo of a check and deposit it directly into a Venmo account.
JPMorgan Chase, the largest bank in the United States, agreed today to a record $920 million settlement over charges that it engaged in manipulative trades of futures tied to precious metals and Treasury bonds.
The U.S. Treasury Department has fined Capital One $80 million for careless network security practices that enabled the hack.
Right now, to enjoy the benefits of being a Chase Private Client, you need to maintain an average daily balance of $250,000 or more. This can be in any combination of qualifying personal or business deposits and investments.