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Supermarket banking grows in Chicago

Chicagoans like doing their banking at the supermarket.

Nationally, the number of in-store bank branches and the deposits they hold are falling, but those numbers continue to edge up in Chicago, according to a newly released study by trade publication SNL Financial. Get the full story »

State Farm Bank adds iPhone deposit app

The $15.6 billion-asset State Farm Bank has introduced a point-and-shoot deposit application for customers with  iPhones.

The Bloomington-based bank, which is affiliated with the State Farm Insurance Cos., said its customers can deposit checks into their  account from their phones. Get the full story »

How Chase, BofA will handle debit overdrafts

Chicago’s two biggest banks have diverging strategies on how to treat customers who overdraw their accounts using ATM and debit cards.

Starting July 1 for new customers and Aug. 15 for existing ones, banks need a consumer’s approval to process everyday debit and ATM card transactions that exceed the account balance. In the past, banks often have covered overdrafts, but socked the account holder with a $20 or $30 fee. Get the full story »