Archive | banks

Ask to Have Your Overdraft Fees Waived

Weeks ago, as the coronavirus pandemic worsened, many financial institutions announced programs to help customers facing financial hardships. Most of those programs allow for you to request to delay your payments, and refrain from charging you late fees related to those payments. But one bank charge you may still see…Read more… Continue Reading at https://lifehacker.com

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Look for ‘Relationship Pricing’ When You Need a Loan

Managing your money under a single financial institution’s roof can make your life more convenient. And, in some cases, it can get you better deals versus opening a new account at another bank. That’s because of “relationship pricing,” which happens when a bank offers you a special rate on a product—usually a…Read more… Continue Reading […]

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It’s Time to Find a Safe Deposit Box Alternative

Safe deposit boxes are legendary for revealing items that fix problems—at least, they do in Hollywood stories. But in real life, safe deposit boxes may not be the haven for your valuables they used to be. A horrifying story from the New York Times recounts the tales of some people who put their valuables (think…Read […]

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It’s Time to Find a Safe Deposit Box Alternative

Safe deposit boxes are legendary for revealing items that fix problems—at least, they do in Hollywood stories. But in real life, safe deposit boxes may not be the haven for your valuables they used to be. A horrifying story from the New York Times recounts the tales of some people who put their valuables (think…Read […]

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Seriously, It’s Time to Drop Wells Fargo

Wells Fargo just can’t get it together. Last week, the bank was fined $1 billion by the Consumer Financial Protection Bureau for “unfair” insurance practices. Now, the Wall Street Journal reports that the Labor Department is investigating whether the banking giant has been pushing 401(k) enrollees from low-cost plans…Read more… Continue Reading at http://lifehacker.com

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Wells Fargo Faces $1 Billion Government Fine Over Auto Insurance Scandal: Report

Wells Fargo, the bank accused of unfairly charging high auto collateral protection insurance to hundreds of thousands of customers, may face a fine of $1 billion from the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, according to the New York Times.Read more… Continue Reading at http://jalopnik.com

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How Wells Fargo Screwed $80 Million Out Of Customers Using Unnecessary Car Insurance

A week after New York resident Juan Thomas bought a 2004 BMW 745i, in December 2012, the bank that financed the purchase—Wells Fargo—contacted him to say that he needed additional auto insurance for the vehicle. This was a bit odd, mainly because the car was already insured. “It didn’t sound right to me,” Thomas said.…Read […]

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