Remember when Forrest Gump reminded us that “stupid is as stupid does?” When Bank of America and Chase dropped free checking for existing customers, they did it all at once. In this manner, the negative publicity and resulting media stories came and went within a day or two. So, why would senior management at Wells [...]
Update About Bank of the West: Bank of the West is owned by the large French bank, PNB Paribas. It is very likely the decision to no longer offer free checking accounts wasn’t made locally, but in France. With the Euro under attack and Greece about to fail, most of the big European Banks are [...]
It’s important to distinguish between online-only banks that offer a free checking account and being able to apply for a free checking account online. This brief article will cover the internet-only banks offering free checking online. At this time of publication, your author is aware of only six U.S. banks that qualify as online-only banks. [...]
ATTENTION CONSUMERS: Not all free checking accounts have the word “free” in them. Yes, I agree it doesn’t make sense for a bank or credit union to offer a free checking account yet call it something other than free checking. But, this is exactly what the two hottest online banks have done. The free checking [...]
The banner ads are all over the Internet. Recently, the marketing team at Ally Bank began aggressively marketing the checking account it launched in January 2010 – a free checking account. What’s strange is that for some reason they decided against naming it “Free Checking” or in the case of Ally Bank, “Free Checking with [...]