Wednesday, August 25, 2010

Review the New Rules on Bank Accounts

Source: FDIC

Bank Accounts Are Changing: What You Need to Know Costs may go up for checking and savings, but here are ways to pay less by going back to the basics

New rules limit the fees banks and other financial institutions can charge on some services, so it's possible that the costs of other services could go up. In the Spring 2010 issue of FDIC Consumer News, we discussed how to avoid potential interest rate and fee increases for credit cards. And here, with expectations that banks will be adding new fees or requirements on bank accounts — such as by discontinuing or limiting free checking services — we focus on ways that careful consumers can avoid unnecessary costs on their deposit accounts.

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