Bank Accounts & Fees
Checking and savings accounts, bank fee changes, high-yield accounts, CD rates, neobanks, and policy changes that affect your money.
Latest in Bank Accounts & Fees
Bank of America was hit with a $750 million OCC penalty, but the order does not send payments to customers
The Office of the Comptroller of the Currency has imposed a $750 million civil money penalty on Bank of America, the largest in the agency’s...
American Express National Bank must file a fix plan within 90 days after an OCC money-laundering order
American Express National Bank has about 90 days to give federal regulators a written plan for fixing its anti-money-laundering controls. The Office of the Comptroller...
Former Digit savings customers have until November 14 to choose how a CFPB payment arrives
Former customers of the Digit automatic savings app have until November 14, 2026, to tell the Consumer Financial Protection Bureau how they want to be...
Missouri Schnucks shoppers taxed on rewards discounts have until November 3 to claim
Missouri shoppers who used Schnucks Rewards Points have until November 3, 2026, to file for a flat $7.00 payment from a class settlement. The case...
A failed California bank’s only branch reopened as a Sunwest Bank branch three days later, with Sunwest buying about $476 million of its $736 million in assets
Nano Banc, a bank whose only branch was in Irvine, California, was closed on Friday, September 25, 2026, and that branch opened again on Monday,...
Direct Express, which served about 3.4 million people in September 2025, will move existing cardholders from Comerica to new Fifth Third cards in phases
Direct Express, the prepaid debit card that carries federal benefits for people without a bank account, is changing banks. Fifth Third has replaced Comerica as...
Families with bank accounts held a median $8,200 in checking and savings in 2025
Nearly every American family has a bank account, but the typical balance in it is smaller than many emergency bills. Among families that held checking,...
Discover checking customers converted to Capital One 360 get new routing numbers, and wires sent with the old routing number will be returned
Discover Bank checking accounts are being turned into Capital One 360 Checking accounts one account at a time, and each one gets a Capital One...
Banks in Alaska, Hawaii, Puerto Rico, Guam and three other U.S. territories can hold checks drawn on out-of-state banks one extra business day under federal rules
A bank branch in Alaska, Hawaii, Puerto Rico or Guam, or in any of three other U.S. territories (American Samoa, the Northern Mariana Islands and...
Social Security, SSI, VA and federal retirement deposits from the past two months must be shielded automatically when a creditor garnishes a bank account
When a creditor with a court order garnishes a bank account, the bank must set aside deposits from Social Security, Supplemental Security Income, Veterans Affairs...
The CFPB says it will investigate nine big banks, including Chase, Bank of America and Wells Fargo, over debanking the OCC uncovered, under President Trump’s fair-banking order
The Consumer Financial Protection Bureau said on October 14 that it will investigate whether the nine largest national banks broke federal consumer-finance law in how...
Florida’s Gulf Winds Credit Union agrees to buy Alabama’s Peoples Exchange Bank, its second bank deal in a month
Gulf Winds Credit Union of Pensacola, Florida, has agreed to buy Peoples Exchange Bank, a one-branch lender in Monroeville, Alabama, with about $98.6 million in...
FDIC orders Old Glory Bank to restore its capital after a 2.69% leverage ratio, with deposits still insured
The Federal Deposit Insurance Corporation has ordered Old Glory Bank of Elmore City, Oklahoma, to rebuild its capital after the bank reported a leverage ratio...
No federally insured bank has failed since a Kansas lender closed on July 17
The Federal Deposit Insurance Corporation’s failure list shows four insured banks closed in 2026, and none since Small Business Bank of Lenexa, Kansas, shut on...
Stanford Federal Credit Union’s $450,000 settlement would pay members charged repeat fees on the same returned check, pending a December 10 hearing
A $450,000 settlement fund would pay Stanford Federal Credit Union members who were charged a second fee when the same check or electronic payment bounced...
Money market funds swelled to $7.96 trillion in the week ended Oct. 7, ICI says
Money market funds took in $72.27 billion in the week ended Wednesday, Oct. 7, lifting total assets to $7.96 trillion, the Investment Company Institute (ICI)...
Comerica debit cards and checks keep working after Fifth Third converted about 600,000 accounts
Comerica debit cards and checks keep working after Fifth Third Bancorp converted about 600,000 Comerica accounts and 293 banking centers over Labor Day weekend, and...
The $2.8 million FinWise Bank data breach settlement offers up to $5,000 for documented losses or a pro rata cash share, and claims close October 29
A $2.8 million settlement over a 2024 data breach at FinWise Bank lets affected people choose between a payment of up to $5,000 for documented...
Anyone charged an unreimbursed surcharge at a non-bank ATM from October 2007 to August 2026 may file a sworn claim with no receipts until February 10, 2027
A $167.5 million settlement with Visa and Mastercard over fees charged at independent ATMs lets a claimant recover money by signing a form under penalty...
The FDIC issued a consent order against Louisiana’s First Guaranty Bank
A consent order dated August 7, 2026 binds First Guaranty Bank of Hammond, Louisiana, to a Tier 1 leverage ratio of at least 9 percent...