Recognizing growing frustration with big bank fees, First Community Bank (FCB) announces its commitment to giving Texas customers truly free checking accounts. The free checking has received phenomenal response, spurring record growth for the bank, which has launched a new website, www.ihatemybigbank.com. The new website gives customers a chance to vent their frustrations about big [...]
Attention bankers and consumers: Free Checking is alive and well and isn’t going away anytime soon! On the other hand, if you believe a majority of the media stories on the future of the free checking account, you would already have come to the conclusion that your valued free checking account is going the way of the [...]
Attention financial writers – many of the articles over the past year about the pending death of free checking are based on erroneous information. One of our goals with this site dedicated to the free checking account is to provide the truth about free checking. As a financial writer we trust you’ll visit this site [...]
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 [...]
(Lake Bluff, IL) August 31, 2010 –According to a recent Moebs Services survey of 2,300 banks and credit unions, 91 per cent of Wall Street Banks (greater than $50B in Assets) now offer free checking for businesses, up from 64% in 2009– a 42% increase. 2010 Free Business Checking 2009 Free Business Checking Community Banks [...]
August 15 has passed and the Reg E Amendment has impacted bank revenues less than expected. Yet, the media drumbeat of “free checking is dead” continues. Of late, publications like the Philadelphia Inquirer have stated, “No-strings free checking is now very hard to find.” In addition, the Miami Herald said, “The free account is a dinosaur.” TheNew [...]
What Caused the Turmoil? The seeds were sown over the past couple of decades as banks added more and more fees to their checking accounts and manipulated the way they processed daily debits and credits to ensure more NSF fee income. A plethora of new types of checking accounts were introduced. Many were loaded with [...]
Attention bankers and consumers: Free Checking is alive and well and isn’t going away anytime soon! On the other hand, if you believe a majority of the media stories on the future of the free checking account, you would already have come to the conclusion that your valued free checking account is going the way of the [...]