FABB Snapshot: No Surprise — Lowest Daily Balances On The Decline
This is the third installment of our look at how the economy has affected peoples’ use of their checking account. In the first post, we reviewed how people are more likely to overdraw their checking account now than a year ago. Last week, we showed how people have begun using ATM card more frequently. This [...]
Unemployment Benefits Get Tricky with Debit Cards
To save government money, banks in 30 states no longer mail paper checks and work with banks to offer recipients of unemployment benefits their alternative: check cards.
But the cost of processing these unique payments seems to be passed along to the unemployed, as extra bank fees apply to these cards in complicated ways.
Check out [...]