Post Tagged with: "checking"

Debit Card Payments Increase 532% Since 2000, But So Have Overdraft Fees

Debit Card Payments Increase 532% Since 2000, But So Have Overdraft Fees

by June 17, 2013 at 12:16 pm 0 comments

There’s a dark side to all the debit card growth in the US. Debit card payments have jumped 532% per US household since 2000, recent data released by the Consumer Finance Protection Bureau indicate . Especially since the credit crisis, debit card use has been advocated by everyone from Suze OrmanRead More

VIDEO: The Call for Banks to Improve Disclosures, Overdraft Fee Practices

by June 5, 2013 at 3:59 pm 0 comments

Checking accounts are a “fundamental product” for consumers, but that doesn’t stop some banks from falling short in their disclosures and, more importantly, engaging in abusive overdraft fee practices, according to the Pew Charitable Trusts. Interestingly, this call for improved overdraft practices comes as overdraft revenue drops at financial institutions.Read More

Notes from the Death of Checking

Notes from the Death of Checking

by May 9, 2013 at 9:15 am 5 comments

When will checks die? Brett King has predicted the last personal check will be written in the US in 2018. Wells Fargo & Co. appears to have grown tired of waiting for ACH payments to clear, as well. On mortgage documents viewed by Bank Innovation recently, the bank writes: IfRead More

Pageonce is Now … Check

Pageonce is Now … Check

by May 6, 2013 at 10:13 am 0 comments

Pageonce made a name for itself as an account aggregator back when the iPhone was brand new. Users could see all of their accounts in one place — hence the name. All that is about to change, even the name. The company is announcing today that its name will nowRead More

VIDEO: Fidor Bank, 2013 Bank Innovation Award Winner, on Community-Driven Personal Finance Advice

by April 4, 2013 at 5:53 am 1 comment
Jumiya, a Bank Account that Rewards Healthy Living

Jumiya, a Bank Account that Rewards Healthy Living

by December 13, 2012 at 10:11 am 1 comment

Put down that donut! Your bank account is watching. Meet Jumiya, a new venture seeking funding that is billed as “the [bank] account that improves as you do.” Jumiya’s promotional video (below) states that “health and finance are intimately linked.” Uh oh. Jumiya will reward members for checking into theRead More

New Movers Provide Bank Marketing Risk and Opportunity

New Movers Provide Bank Marketing Risk and Opportunity

by October 2, 2012 at 5:58 am 0 comments

When it comes to lifestage marketing events, targeting the new mover has always represented a significant opportunity. Historically, consumers who move tend to significantly increase spending in a variety of categories while also changing where they sh…

Why Bank Alerts Must Become More Meaningful

Why Bank Alerts Must Become More Meaningful

by August 1, 2012 at 11:10 am 0 comments

Sure, banks tell consumers whether their checking balance is “low,” but is that really enough? The answer: no.

Bye Bye Checking (and Current) Account

Bye Bye Checking (and Current) Account

by May 29, 2012 at 10:08 am 0 comments

I’ve been recently debating with bankers and credit union executives on the core banking proposition they offer to new prospects. One of the realizations that led me to this was some recent research released by Aite Group around the ‘debank…

Is Bank Transfer Day a Small Bank Trojan Horse?

Is Bank Transfer Day a Small Bank Trojan Horse?

by October 20, 2011 at 6:47 pm 0 comments

“A Good Day to be a Credit Union” is the headline of an article from Myriam Digiovanni in the October 19 Credit Union Times discussing the upcoming November 5 “Bank Transfer Day”.REALLY??According to numerous news articles and coverage in both mainstre…