Many banks, including Chase, are considering new ATM and checking account fees to recover revenue if new debit interchange limits are implemented. Nearly two-thirds of Americans say they would opt to move their accounts over increased bank fees, according to this month’s Financial Security Index, released by Bankrate Inc. In this exclusive NEXTcast interview, Bankrate.com Senior Financial Analyst Greg McBride offers tips to help banks avoid growing fees.
Greg McBride, CFA is Vice President, Senior Financial Analyst for Bankrate.com, providing analysis and advice on personal finance. With 15 years of experience in personal finance, he has the unique ability to provide both in-depth commentary and practical advice to consumers. Through Bankrate.com’s Money Makeover series, he has helped consumers plan for retirement, manage debt, and develop appropriate investment allocations.
McBride has appeared on hundreds of national cable and network broadcasts including CBS Early Show, NBC Nightly News, CBS Evening News, and ABC World News Tonight. He is a frequent guest on CNBC, CNN, Fox News Channel, and Fox Business Network. McBride is also routinely quoted by major print outlets such as The Associated Press, Wall Street Journal, and USA Today, and is a regular radio guest on financial talk shows throughout the United States. He is also an accomplished public speaker, having appeared before audiences at the Federal Reserve Board, Mortgage Bankers Association, Federal Trade Commission, and at the China Times Golden Cicada Awards in Beijing, China.
McBride serves as the Chairman of the Advisory Board for CredAbility of Palm Beach County and the Treasure Coast, a nonprofit credit counseling agency accredited by the National Foundation for Credit Counseling.
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McBride is a graduate of the University of Florida and has earned the right to use the Chartered Financial Analyst designation.
Many banks, including Chase, are considering new ATM and checking account fees to recover revenue if new debit interchange limits are implemented. Nearly two-thirds of Americans say they would opt to move their accounts over increased bank fees, according to this month’s Financial Security Index, released by Bankrate Inc. In this exclusive NEXTcast interview, Bankrate.com Senior Financial Analyst Greg McBride offers tips to help banks avoid growing fees.