Bank Fees

Wells Fargo To Offer Bank Accounts With Capped Overdraft Fees
Wells Fargo To Offer Bank Accounts With Capped Overdraft Fees
March 03, 2020  |  Banking

Ahead of its scheduled congressional hearings in the coming week, Wells Fargo & Co. debuted the concept of two new bank accounts that set limits on the...

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HSBC, Santander To Reimburse Overdraft Fees After Failing To Alert Customers
HSBC, Santander To Reimburse Overdraft Fees After Failing To Alert Customers
December 02, 2019  |  Banking

HSBC and Santander UK will refund the overdraft fees of more than 115,000 customers. The Competition and Markets Authority (CMA) reported that both banks failed...

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David Marcus Defends Libra As Payments Champion For The Unbanked
David Marcus Defends Libra As Payments Champion For The Unbanked
July 03, 2019  |  Cryptocurrency

The co-creator of Facebook’s recently announced cryptocurrency, Libra, said the currency was created to help the unbanked population easily access the financial system, according to...

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UK Banks Make $3.03B In 2017 Overdraft Fees
UK Banks Make $3.03B In 2017 Overdraft Fees
December 18, 2018  |  Regulation

The Financial Conduct Authority (FCA) announced Tuesday (Dec. 18) that U.K. banks made more than $3.03 billion from charging overdraft fees last year. According to...

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Macron, French Banks Agree Not To Raise Bank Fees
Macron, French Banks Agree Not To Raise Bank Fees
December 12, 2018  |  Europe

France’s major banks have agreed to freeze the fees they charge next year in an effort to stop “yellow vest” protests that have recently hit...

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Legislation Would Ban Banks From Overdraft Fees On Debit, ATM Transactions
Legislation Would Ban Banks From Overdraft Fees On Debit, ATM Transactions
August 03, 2018  |  Banking

Sen. Cory Booker has proposed legislation that would prohibit financial institutions from charging overdraft fees on debit card transactions and ATM withdrawals. The bill would...

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Wells Fargo Refunding Customers For Add-On Products
Wells Fargo Refunding Customers For Add-On Products
July 19, 2018  |  Banking

Wells Fargo, the embattled national bank, is reportedly refunding tens of millions of dollars for a range of products, including pet insurance and legal services....

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UK Cash Usage Falls, ATM Fee Cuts Partially Canceled
UK Cash Usage Falls, ATM Fee Cuts Partially Canceled
July 17, 2018  |  Banking

ATM network operator LINK has partially canceled its plans to cut the fees that banks pay to British cash machines operators. Finextra reported that, earlier this...

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Data Dive — Déjà Vu Edition: Ripple, Wells Fargo And MoviePass
Data Dive — Déjà Vu Edition: Ripple, Wells Fargo And MoviePass
July 09, 2018  |  Data Dive

There are few experiences more disconcerting than the sudden onset of déjà-vu — the experience one is doing something they have done before. But when one spends...

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