American Express Shutting Down Kabbage Checking Accounts
American Express has notified Kabbage Checking account holders today that their accounts will soon shut down.
Does Chase Match Bank Account Bonuses?
Chase will match better account bonuses if you have opened your account within the last 21 days. Call, send a message or visit a branch.
Morgan Stanley Stops Offering New Access Investing Accounts
Effective December 1, 2022, Morgan Stanley Access Investing will no longer be offering the ability to open new accounts.
Citi Eliminates All Overdraft Fees for Banking Customers
These changes go into effect today and Citi is the now the only top five U.S. bank, based on assets, to completely eliminate overdraft fees, returned item fees, and overdraft protection fees.
Old SoFi Money Accounts Will No Longer Earn Interest
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 Secures Fed Approval for $7.6B Merger with People’s United Bank
M&T Bank has received Federal Reserve Board approval for its $7.6 billion acquisition of People’s United Bank.
Wells Fargo Scraps Bounced Check and Overdraft Protection Fees
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 Will No Longer Charge Fees for Insufficient Funds
Bank of America announced today that it will eliminate charges for insufficient funds and reduce overdraft fees.
Acorns Plans to Launch Direct Stock Investing
Acorns is now developing a new feature that will let users choose their own investments for the first time.
Capital One Eliminates Overdraft Fees for All Consumer Banking Customers
Capital One announced it will completely eliminate all overdraft fees and non-sufficient fund (NSF) fees for its consumer banking customers.
IRS Bank Reporting Rule Not Included in $1.75 Trillion Bill
Looks like the proposed bank reporting rule was not included in the $1.75 trillion dollar budget reconciliation bill.
Google Pulls Plug on Plex Banking Plans
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 Reverses Decision on Closing Personal Lines of Credits
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 Buys Investors Bancorp for $3.5 Billion
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.
Bank of America Will Stop The Rare Perk of Offering Checks for Savings Accounts
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.
How to File a CFPB Complaint and When You Should Do It
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
CFPB Probing Wells Fargo’s Checking Account Practices
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.
Online Business Bank Azlo Is Shutting Down
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 Bank Is Shutting Down
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 Adds Cash a Check Feature For Select Customers
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.