debit cards

Online Bank PerkStreet to Close

The online bank offered an attractive alternative to big banks -- but today it announced that it was shutting down after failing to secure funding.

Living Without Credit Cards: She Made It Work, and You Can Too

Every time you make a plane reservation or rent a car or pay for concert tickets, you're asked to provide a credit card number. Liz Smiley provides a debit card number instead. Smiley has lived without a credit card for more than four years, and she doesn't miss it a bit.

Identity Thief Accidentally Sends Victims His Loot

A tip for identity thieves: When you buy a bunch of pricey merchandise with a stolen card number, make sure you don't ship the loot to your victims. That's evidently what happened to one Alaska couple. First their debit card was hacked to the tune of $5,000. Then, the packages began arriving.

The Most Costly Mistake You Can Make With Your Bank Account

There's nothing more expensive than spending money you don't have. That, of course, is a lesson you might learn the hard way if you carry a balance on a high-interest credit card. But spending beyond your means can be a pricey proposition even with a debit card.

Fee Backlash Cost Big Banks Over 2 Million Customers

Switching banks is a hassle, but outrage over the big financial institutions' efforts to pile on new steep fees pushed more than 2 million people to close their accounts over the past 3 months. Is Bank Transfer Day becoming Bank Transfer Year?

Credit Card Use Is on the Rise

Credit cards are making a comeback. At the end of 2008, more consumers were using debit cards than credit cards but now that trend has reversed. It's hard for some consumers to resist: Banks have been ramping up solicitations and boosting incentives for credit cards over the past year in an effort to get them to choose credit over debit. But have the big banks changed their ways?

Salvation Army's Kettles Get Mobile App Upgrade

For over a century, the Salvation Army's red kettles have reminded holiday shoppers not to forget charity during the season of giving. But this year, you don't need cash on hand to give, because there's something new in the kettle: a card reader and a mobile donation app.

BofA Settles Overdraft Fee Suit for $410 Million

More than 13 million Bank of America debit-card customers could see some repayment for excessive overdraft fees the bank charged them over the course of a decade. A federal judge has approved a $410 million settlement to compensate customers who were charged fees as a result of the bank posting transactions from highest to lowest dollar amount, rather than in the order they occurred.

How to Beat the Big Banks at the Fee Game

Columnist Laura Rowley cuts through the hype and explains how she found banks that would pay her for her checking account instead of the other way around. Here's the low-down on high-yield checking accounts.

As Customers Flee, Big Banks Don't Seem to Care

Credit unions, mid-size banks and online institutions are eagerly stepping up to capture banking customers who are fed up with increasing fees at the biggest banks. And so far, it seems, those big banks don't mind losing their business.

Bank Fees: What's the Breaking Point for Customers?

Bank of America learned pretty quickly last month that customers think $5 a month is too much to pay to use a debit card. But is there such a thing as a reasonable bank fee? One in three people say they're prepared to walk away from their financial institution to avoid a fee, a new survey reveals.

Online Banks Booming as People Flee Wall St. Giants

While thousands of Americans unleash their anger at big banks in protests around the country, many more are registering their dissatisfaction from their keyboards. In the wake of last week's news that Bank of America is adding a new $5 fee for debit card use, online-only banks saw waves of new customers coming through their virtual doors.

Wells Fargo's $3 Debit Card Charge: More Fees to Come?

A new report emerged Tuesday that Wells Fargo will begin charging some customers $3 every month to use their debit card -- further indication that banks are putting on the squeeze as new swipe-card regulations are set to take effect.

Prepaid Cards: Which Ones Are Worth the Fees

CardHub.com recently put five of the most well-known prepaid card issuers under the microscope to see how useful their products are based on fees and features. Which offers the best deal? The answer might surprise you. But the real question is should you use a prepaid card at all.