March 16 at 5:41 a.m.
Filed under:
Banking
By Dow Jones Newswires
Customers use ATMs at a Bank of America branch in Boston. (AP Photo/Lisa Poole)
Some of the nation’s biggest banks are imposing a variety of new fees on people who withdraw money from automated-teller machines.
The move is the latest example of the burgeoning new fees that banks are imposing on customers accustomed to years of free services. Banks are scrambling to replace billions of dollars in revenue expected to be lost from new federal regulations on overdraft charges and debit cards. Get the full story »
March 9 at 9:24 a.m.
Filed under:
Education
By Becky Yerak
PNC Bank, the No. 4 deposit gatherer in the Chicago area, has struck up a relationship with Saint Xavier University. It’s the second college deal that the Pittsburgh-based lender has done in the Chicago area in 13 months. Get the full story »
Feb. 15 at 1:25 p.m.
Filed under:
Banking
By Becky Yerak
It’s Fifth Third in, Bank of America out, at CTA stops around Chicago.
Fifth Third Bank said it has been awarded the opportunity to install 63 automated teller machines in local CTA stops, giving the Cincinnati-based bank the biggest presence on the Chicago area’s train system. Installation of nearly all of the 63 have been completed in the past two months, Fifth Third said.
The number of ATMs at CTA stops has grown steadily since they were introduced in the system in 2003. Get the full story »
Dec. 29, 2010 at 11:21 a.m.
Filed under:
Banking
By Becky Yerak
(Heather Stone/Chicago Tribune)
Chase, Chicago’s biggest bank in terms of branches and deposit market share, is making it more expensive to stop payment on a check, do wire transfers and use a foreign ATM, among other things.
Chase is also telling its checking and savings customers that starting on Feb. 5, it’ll hike several other fees.
The bank recently instituted a minimum direct deposit threshold to maintain free checking if customers don’t meet certain other criteria. Get the full story »
Oct. 25, 2010 at 7:58 a.m.
Filed under:
Banking
By Mary Ellen Podmolik
The cost of maintaining a checking account rose to an all-time high this year, with much of the increase coming from the fees assessed to maintain both interest and non-interest-bearing accounts rising 40 percent. Get the full story »
Oct. 12, 2010 at 12:32 p.m.
Filed under:
Banking,
Crime,
Fraud
By Dow Jones Newswires-Wall Street Journal
The next time you pull up to an ATM, take a closer look at the machine. Does it look a little clunkier than usual?
Look too at what’s around you: Are there mirrors? Is there a brochure-holder over your shoulder? Does it look like there might be a false panel or an extra light bar attached to the machine? Get the full story »
Sep. 16, 2010 at 5:46 p.m.
Filed under:
Banking
By Becky Yerak
Banco Popular, which has its U.S. headquarters in Rosemont but doesn’t crack the top 25 in Chicago-area market share, is extending its surcharge-free ATM reach nationally, including in the Chicago area. Get the full story »
June 25, 2010 at 1:53 p.m.
Filed under:
Banking,
Computers,
Technology
By Reuters
A security expert has identified flaws in the design of some automated teller machines that make them vulnerable to hackers, who could make the dispensers spit out their cash holdings.
Barnaby Jack, head of research at Seattle-based, security firm IOActive Labs, will demonstrate methods for “jackpotting” ATMs at the Black Hat security conference in Las Vegas that starts on July 28. Get the full story »
