Banking
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Chase Rolls Out Checkless, No-Overdraft Checking Account for $4.95/Month
Chase is taking a step towards tapping onto the unbanked population in the United States. This week the bank began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 a month and no minimum balance. The accounts come with debit cards, digital payments and free check cashing, but do not…
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Varo Money Banning People Who Share or Use Referrals
Varo Money is a banking app that provides full-service banking products and tools. It offers signup bonuses and referral bonuses as a way to grow the customer base. We’ve seen a $100 bonus in the past and now they have a $50 bonus. But Doctor of Credit is reporting something strange. The bank is banning…
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Chase Issues with Website and Mobile App
If you had trouble yesterday, or still do, in accessing the Chase website and its mobile app, you’re not alone. Chase Support confirmed for Business Insider that “some customers are having trouble accessing the mobile app and our website.” Issues were reported from many cities including Los Angeles, Houston, New York, Chicago, Phoenix, Seattle, San Francisco, Brooklyn,…
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Chase Now Lets You Search 2 Years of Transactions Online
Chase has made a useful change to it’s online accounts. While American Express and Citibank has long had the option to search up to two years of transactions online, Chase only let you do that for transactions in the last three months. If you wanted to look back further with Chase you had to download…
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Robinhood Halts Signups for Cash Management Accounts
Commission-free trading startup made waves when it first announced checking and savings accounts that would pay a 3% interest rate. Concerns were raised that the accounts might not be insured. And soon after it was confirmed that Robinhood hadn’t checked with regulators before making the announcement and backtracked on the announcement. Now the renamed Cash Management…
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Robinhood Backtracks on 3% Checking and Savings Accounts
Robinhood has backtracked and deleted the original blog post about the new checking and savings accounts. A new announcement now calls the new account a ‘cash management program’ that will be lunching in 2019.
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Warning! Robinhood’s Checking and Savings Accounts May Not Be Insured
Robinhood announced yesterday that it would start offering checking and savings account to its customers. The account would have an great rate of 3% APY, which it way above the average and one of the best out there. In the announcement, Robinhood said that as a member of the Securities Investor Protection Corporation, cash accounts…
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Wells Fargo Overcharged $171M in Foreign-Exchange Fees
Wells Fargo announced today they have set aside another $285 million to refund overcharged foreign-exchange and wealth-management clients.
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Wells Fargo Wasn’t The Only Bank to Open Unauthorized Accounts
A federal regulator determined Wells Fargo wasn’t the only U.S. bank that opened accounts not authorized by customers, but has no plans to identify these institutions publicly. They reviewed 40 banks and found that as many as 10,000 customer accounts opened during a three-year without customer authorization. These new accounts included mortgages, auto loans, credit cards, checking, savings and money…
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Rumor: Chase Considering a New Banking Product, Chase Sapphire Banking?
The new product could be named Chase Reserve Banking or Chase Sapphire Banking. It looks to fit somewhere between regular checking accounts and Chase Preferred Client accounts.
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Check Your Chase Accounts! Others Might Have Accessed It
JPMorgan Chase suffered a glitch last night that gave some customers logging in online, access to other clients’ accounts instead of their own. Not only could some people access other accounts, but they could also perform transactions and see personal info on those accounts. That’s some scary stuff, for someone to have full access to your…
