Bank Fees

Wells Fargo Hit With Lawsuit Over Financing Fees
Wells Fargo Hit With Lawsuit Over Financing Fees
July 02, 2018  |  Legal

Wells Fargo is facing a new lawsuit, this time from the Texas jeweler J. Edwards Jewelry Distributing and the company’s president, John Silverman, for charging what...

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UK Cash Points Close Ahead Of ATM Interchange Fee Drop
UK Cash Points Close Ahead Of ATM Interchange Fee Drop
June 29, 2018  |  Banking

Ahead of a planned reduction in interchange fees, which card issuers pay for cash withdrawals at ATMs in the U.K., data from LINK indicates that...

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Blockchain’s Unassuming Threat To Banks
Blockchain’s Unassuming Threat To Banks
April 18, 2018  |  B2B Payments

FinTech innovation is often seen as a threat to the traditional banking status quo – at least, that is, until traditional FIs begin acquiring, partnering...

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BoA Puts The Kibosh On Free Checking Accounts For Low-Balance Customers
BoA Puts The Kibosh On Free Checking Accounts For Low-Balance Customers
January 23, 2018  |  Banking

The Bank of America has reportedly done away with a free checking account that was popular among low-balance customers, forcing them to save more money...

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Aspiration Raises $47M To Grow “Ethical” Online Bank
Aspiration Raises $47M To Grow “Ethical” Online Bank
December 13, 2017  |  Banking

Aspiration, the online bank launched by a former speech writer for President Bill Clinton, has raised $47 million in Series B funding from a variety...

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Banks Waive ATM Fees For Houston Banks
Banks Waive ATM Fees For Houston Banks
August 29, 2017  |  Banking

With Hurricane Harvey causing life-threatening floods in Houston, some major banks are cutting bank fees for customers as a small form of hurricane relief. According...

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Rift Between UK SMEs, Banks Grows
Rift Between UK SMEs, Banks Grows
January 18, 2017  |  B2B Payments

Small businesses in the U.K. don’t trust their banks, and new evidence may suggest that they shouldn’t either. Reports Tuesday (Jan. 17) highlighted a study published...

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Cost Of X-Border Payments Now A Deciding Factor For SMEs
Cost Of X-Border Payments Now A Deciding Factor For SMEs
January 10, 2017  |  B2B Payments

B2B payments firm Saxo Payments wants firms to consider ditching their traditional financial service providers when doing international business. In an article penned by Saxo...

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Corporate Banking Clients Uneasy Amid Negative Interest Rates
Corporate Banking Clients Uneasy Amid Negative Interest Rates
August 22, 2016  |  B2B Payments

Royal Bank of Scotland (RBS) is warning its corporate clients that it may soon be charging them to hold cash in their accounts, an unnamed source...

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