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
The Federal Reserve moved against Bank of Ontario’s parent company and the FDIC against the bank in Wisconsin, with a written agreement signed September 24 and a consent order published September 25
Two federal regulators have now placed Wisconsin’s Bank of Ontario and its parent holding company on the enforcement record, and neither document, as the regulators...
FinCEN proposed barring U.S. financial institutions from moving funds involving A7 Network sub-agents tied to the ruble-backed A7A5 stablecoin, with comments due November 4
The Financial Crimes Enforcement Network published a proposed rule on October 5 that would bar covered U.S. financial institutions from transmitting funds involving the sub-agents...
Five Star Credit Union took on 15,704 members when regulators closed Jackson Area Federal Credit Union
The National Credit Union Administration announced on September 30 that Jackson Area Federal Credit Union, in Jackson, Mississippi, has closed and that Five Star Credit...
The FDIC raised how much a bank may hold in reciprocal deposits without brokered-deposit treatment from September 1, while the $250,000 limit per depositor stays put
The Federal Deposit Insurance Corporation raised the cap on how much of a bank’s reciprocal deposits may be excluded from brokered-deposit treatment through an interim...
Discover’s own online savings page now sends customers to Capital One
A request for Discover’s online savings account page, at discover.com/online-banking/savings-account/, is answered with an HTTP 302 redirect to Capital One’s online performance savings account page,...
The Direct Express benefit card charges $0.85 a withdrawal after the first free one
Treasury’s Direct Express page carries the heading “No Cost and No Fees,” while the card’s live fee table, headed Comerica Bank, lists a $0.85 charge...
Regulation CC makes a bank pay a customer’s legal costs when it breaks a funds-availability rule
Three amounts set what a funds-availability violation can cost a bank under Regulation CC: an additional award a court may set between $125 and $1,350...
Interest on a held deposit still starts the day the bank is credited
A bank that places a hold on a deposited check still owes interest on that money from a date set on the bank’s own books,...
A bank may not hold a check because of the kind of customer
Federal rules let a bank delay access to a deposited check when it has reasonable cause to believe the check will not be paid, but...
Network rules now require direct deposits available by 9 a.m. on settlement day
Since September 18, 2026, the bank that receives an ordinary ACH credit has been required to make the money available for withdrawal no later than...
Anyone surcharged at an independent ATM between October 2007 and August 2026 has until December 11 to opt out of the Visa and Mastercard class
People surcharged for a domestic cash withdrawal at an independent ATM between October 2007 and August 2026 have until December 11, 2026 to opt out...
A class action over a bank’s funds-availability failures is capped at $672,950 or 1% of the bank’s net worth, and has to be filed within a year
A depositor whose paycheck or check deposit sits unavailable longer than federal rules allow has a federal damages claim, and a group of depositors can...
Truist’s out-of-network ATM fee goes to $3.50 on Nov. 9, and instant transfers now cost $3
Truist Bank will raise the fee on withdrawals at non-Truist ATMs from $3.00 to $3.50 per transaction on Nov. 9, 2026, according to its own...
Marcus pays 4.35% on CDs from 18 months to six years
Picking the six-year Marcus certificate of deposit over the 18-month one earns no extra interest: Marcus by Goldman Sachs lists the same 4.35% annual percentage...
The IRS says paper refund checks are more than 16 times more likely to be lost, stolen, altered or delayed, a year after Trump’s order began phasing them out
A year after the phase-out of paper tax refund checks began on Sept. 30, 2025, the IRS still describes paper as the riskier way to...
Raymond James Bank pays 4.95% APY on a five-year CD, the top bank rate CD Valet tracked this week
Raymond James Bank is offering 4.95% APY on a five-year certificate of deposit, the highest bank rate CD Valet tracked among the institutions it monitors...
More than 3,780 CDs now pay at least 4% APY after 180 were added in a week
A running count kept by CD Valet found 3,780 certificate-of-deposit offerings paying 4.00% APY or higher in the week ending September 21, 180 more than...
Southland Credit Union is paying 9% APY on a 9-month certificate, the top credit union rate CD Valet tracked this week
Southland Credit Union is now paying 9.00% APY on a nine-month certificate of deposit, the highest credit-union rate CD Valet found among the institutions it...
After the Fed’s September hike, 84% of tracked banks raised CD rates in one week, with the median one-year CD at 3.25%
Eighty-four percent of the rate changes CD Valet tracked among banks and credit unions moved a certificate-of-deposit rate higher in the seven days after the...
Nonbank ATM users have until February 10, 2027 to claim from the $167.5 million Visa and Mastercard fee settlement
A class action over surcharges at independent ATMs has produced a $167.5 million settlement between Visa, Mastercard and a certified class, and anyone who paid...