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Harris, the Chicago market’s third-biggest bank, is making it tougher for depositors to qualify for free checking.
Following in the footsteps of market share leaders Chase and Bank of America, Harris has become the latest bank to make consumers jump through more hoops if they want to keep free checking. Until recently, the U.S. unit of Canada’s BMO Financial had a free checking account with no monthly fees and no minimum balance or direct-deposit requirements. Get the full story »
Citibank said it will start clearing smaller consumer checks first, offering a reprieve for those who cut it close and sometimes get hit with multiple overdraft fees. Get the full story »
U.S. Bank is one of the last of the megabanks to offer free checking. But that may be about to end.
The Minneapolis-based bank recently hinted that it will add fees to its checking accounts — and even possibly to its debit cards — as it attempts to recoup revenue lost under new regulations. Get the full story »
