Tag Archives: consumers
free checking customers switch

Americans Say They’d Bolt Bank Over Fees

Amid widespread speculation the banking industry may be considering increasing fees for checking services, the monthly Financial Security Index found 64 percent of respondents would consider bolting if slapped with more expensive accounts. Just 28 percent said they’d tolerate them. “With restrictions on overdraft fees and a proposed cap on debit card swipe fees, financial institutions […]

Dick Durbin Is Stealing Your Free Checking!

In an amazingly unanimous vote, the Republican and Democrat state senators condemned a specific amendment from U.S. Senate Majority Whip Dick Durbin (D-Ill.) and the corresponding proposed rule from the Federal Reserve implementing a debit price control scheme that benefits Walgreens, Home Depot, and some of the nation’s biggest retailers and shifts costs to consumers in terms […]

The Clash of Free Checking

The fear in shifting away from free checking, of course, is that customers will walk out the door.  What reasonable consumer would want to suddenly pay for something that they’ve become accustomed to getting for free?  This fear is not completely unfounded, as consumers repeatedly tell us that they really, really like their free checking […]