Chase Bank's Online Customers Stunned to See $0 Balances
Chase Bank experienced an embarrassing glitch earlier this week when online customers were either unable to access their accounts or saw their balances listed as $0.
Chase Bank experienced an embarrassing glitch earlier this week when online customers were either unable to access their accounts or saw their balances listed as $0.
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.
For Web-based small businesses, finding the money to expand can be a real challenge, especially in these times of tight credit. Enter Kabbage, an online financing company that bases its business lending criteria on Web-oriented benchmarks.
After a series of moves designed to punish customers in the name of improving profits, some banks may finally be getting the message that enough is enough.
It's call remote deposit capture technology, and you've probably seen it advertised: Snap a smartphone picture of a check, send the image to the bank, and your deposit gets credited. Easy. And while only 3% of banking customers use it now, it could be the killer app that lures most of us into online banking.
When bankers come up with a new wonder product, it's rarely good news for consumers. JPMorgan Chase's new "Liquid" card is no exception. This reloadable debit card for the poor is loaded with fees.
On Tuesday morning, my wife and I discovered our Chase Bank account had been hacked. By that afternoon, I realized we were part of something much bigger. But even a data breach that affected up to 1.5 million accounts is only the tip of the bank fraud iceberg.
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?
Adding another twist to the concept of online banking, PayPal has added an iPhone app that allows users to photograph their checks and deposit the funds into their PayPal account, according to an Associated Press report.














