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Most Customers Happy With Current Bank
Posted on October 6th, 2009 No commentsMost consumers are happy or very happy with their current bank, according to the second annual online financial management survey from Digital Insight. Fifty-two percent believe their financial prospects will improve over the next year, and 61 percent of small business owners say the same about their potential businesses growth. Read more in the Business Journal of Milwaukee.
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Survey: Non-Customer ATM Fees Rising
Posted on October 6th, 2009 No commentsA just-released annual survey by Bankrate.com found the average ATM fee for non-customers rose 12.6 percent this year to $2.22. The average fee that banks charge customers for using another bank’s ATM is $1.32, down from $1.46 in 2008. About 72 percent of banks charge customers a fee for using an ATM from a different bank, according to the Bankrate survey. Nearly all banks charge non-customers for using their ATMs. Read more in the Milwaukee Journal Sentinel’s Dollars & Sense blog.
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Checking Account Fees Rising, Study Says
Posted on September 30th, 2009 No commentsThe fees associated with checking accounts have risen this year to an all-time high, according to new study Bankrate.com, the Business Times of Milwaukee reported.
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Wells Introduces Mobile Transfers
Posted on September 25th, 2009 No commentsWith Wells Fargo Mobile Banking service, customers now can log on to their bank accounts and transfer money to each other. Subsequent transfers can be made from mobile devices by logging onto wf.com and following the prompts, or by going online, the Business Journal of Milwaukee reported.
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Chase Also Modifying Overdraft Policies
Posted on September 23rd, 2009 No commentsChase is changing its overdraft policies and fees on its debit cards in the first quarter of 2010. The bank will eliminate overdrafts for debit cards unless the customer opts in to overdraft services; modify posting order to eliminate overdraft fees if a customer’s account is $5 or less overdrawn; and trim the maximum number of overdraft feeds per day to three from six, the Business Journal of Milwaukee reported.
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North Shore Branch Has Remote Teller
Posted on September 22nd, 2009 No commentsNorth Shore Bank, based in Brookfield, Wis., recently opened a 2,000-square-foot branch in Mequon. The branch features the bank’s first remote teller system, the Small Business Times of Milwaukee reported.
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Big Banks, CUs Play to Win at UW-Madison
Posted on September 12th, 2009 No commentsFinancial institutions including UW Credit Union, U.S. Bank and Associated Bank are among the big players at the University of Wisconsin-Madison, using contests and giveaways to win the business of a 42,000-student marketplace. Read the Wisconsin State Journal article.
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ABA: Fewer Americans Paying Bank Fees
Posted on September 9th, 2009 No commentsAt least 82 percent of bank customers avoided overdraft fees within the past year, up 2 percent from 2008, according to a survey published by the American Bankers Association. Read more in the Milwaukee Business Journal.
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Online Banking Usage Up
Posted on February 17th, 2009 No commentsU.S. consumers are paying more attention to their finances and using online banking services more frequently during the current global financial crisis, according to a newly commissioned study conducted by Forrester Consulting on behalf of Fiserv, a Brookfield-based provider of information technology services to the financial industry. Read the Small Business Times article.