Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Banks Explain Why Fewer Offer Free Checking
Posted on January 29th, 2011 No commentsSixty-five percent of banks offered free checking in 2010, compared with 76 percent of banks in 2009, according to Bankrate.com. Why the disappearing act on free checking? The banking industry says banks are now losing money because of economic tough times and new laws that limit the fees that banks can charge. The average checking account costs banks about $300 a year, the American Bankers Association says. Read more at Channel3000.com. -
M&I Reports 7th Year of Checking Growth
Posted on May 17th, 2010 No commentsM&I Bank marked seven years of consecutive monthly net personal checking account growth, according to a company press release.
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Banks, UW-Extension Offer ‘Get Checking’
Posted on January 10th, 2010 No commentsUniversity of Wisconsin-Extension offices and Wisconsin banks are teaming up to help give troubled consumers a second chance at having a checking account, the Wisconsin Rapids Tribune reported. Residents of Adams, Marathon, Waushara, Waupaca and Wood counties can pay $10 to participate in the three-hour Get Checking Program. Upon completion, they receive a certificate they can bring to a sponsoring bank.