CFPB: Opting for Overdraft Protection Means Higher Fees
The government says consumers who opt for overdraft coverage on checking accounts pay higher fees and are more likely to have their accounts closed than those who decline it.
ATM
Banks Rethink the Branch, But Will Customers Respond?
Some banking execs say brick-and-mortar branches remain the best way to gain and serve customers, despite technological inroads that have left the corner bank a seeming relic.
Bank of America Puts Human Tellers Inside ATMs
Bank of America will start rolling out a new generation of ATMs that allow customers to have a live video chat with a remote teller.
Cyprus to Impose Limits on Bank Withdrawals, Boost Security
Cyprus will impose limits on money transfers and dispatch extra security guards to prepare for Thursday's reopening of the banks, which have been shut for almost two weeks.
Bank Shutdown Hammers Cyprus' Businesses
Banks across Cyprus remain locked Tuesday after financial authorities extended the country's bank closure, fearing worried depositors will rush to drain their accounts.
Tax on Cyprus Depositors 'Inevitable,' Euro Chief Says
Any bailout of Cyprus will have to involve some kind of levy on depositors, a eurozone finance chief says.
New ATMs Dispense $1 and $5 Bills
Hundreds of new ATMs capable of dispensing as little as $1 are popping up across the country. Chase and PNC have both been launching ATMs that churn out exact change to the dollar -- a positive development for cash-strapped customers who don't want to take out any more than they absolutely need.
At this 'ATM,' You Can Turn Your Old Phone Into Cash
You know that old iPhone 2 that's sitting in your desk drawer, or maybe an old Blackberry (gasp!) that got stored alongside your Guitar Hero peripherals? Well, EcoATM wants them, and is willing to pay.
5 Credit Union Myths Debunked
Between the outcry over Bank of America's new fees and the approach of "Bank Transfer Day," low-profile credit unions have been receiving a lot of attention. But the publicity has exposed a number of commonly held false beliefs about credit unions. Let's debunk a few of the most common.
Consumers Face Rising Bank Fees, Fewer Perks
Consumers' wallets are really getting the squeeze these days as banks continue to raise ATM and bounced check fees. Meanwhile, the percentage of free checking accounts is on a steady decline, according to a new Bankrate survey.
How Much Cash You'd Need in Worst-Case Scenario
Imagine that the worst does happen again: A major attack. Chaos and disorder. Banks could be closed, ATMs down. Electricity could be out. Your credit cards? Suddenly useless. So how much money -- good old folding cash -- do you need to be able to put your hands on to get through the aftermath?
How to Avoid Getting Skimmed By ATM Scammers
It looks like an ordinary cash machine, and you type in your PIN without a second thought. But there's a hidden device recording your ATM card's magnetic strip, and capturing your PIN. Big money is about to vanish from your bank account. Or maybe not: Here's how to prevent skimmers from getting their hands on your data.
ATM Plus KGB? New Russian Cash Machines Detect Lies
A new Russian ATM will make customers pay for lying: A voice-measured polygraph to be installed in the electronic tellers of Russia's state-run Sberbank can tell if patrons are talking truth or hogwash in applying for a credit card or loan -- an anti-fraud weapon with roots in the old Soviet Union.
iPhone vs. Android: Google May Be Winning the War in China
Deutsche Bank's insightful technology analyst Jonathan Goldberg says Android has already pulled away from the pack in China. And not just in smartphones and tablets: Android is finding its way into all sorts of platforms, from laptops to set-top boxes to ATMs.
Chase's Online Banking Service Down Since Monday
Chase's online-banking is out of service because of a technical glitch related to its Website, the JPMorgan Chase & Co. unit says.
Gambling at Casinos With Welfare Money?
In California and Michigan, welfare recipients use their Electronic Benefit Transfer cards to withdraw the funds from ATM machines in casinos. If they proceed to roll the dice with the money, wouldn't this be state-backed gambling?
Is Your Money Safe? Hacker Finds ATM Flaws
In a highly anticipated demonstration at the Black Hat computer-security conference in Las Vegas, IOActive director Barnaby Jack hacked into two ATMs using two different techniques. He's found a flaw in every ATM he's looked at, he told an applauding audience.
As Some Banking Fees Fall, Others Will Rise
With new laws clamping down on some credit card and account fees, banks are likely to find other ways to offset the lost income. Among the possibilities: Hefty increases in annual credit card fees or an end to free checking.
Senators Push for a Cap of 50 Cents on ATM Fees
Banks make a tidy profit off ATM fees, ranging from $1 to $7, but a proposed amendment to the financial reform bill would cap fees at 50 cents per transaction. Instead of helping consumers, it may end up hurting them if banks end up closing less-profitable ATMs, limiting access to cash.
