Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Banks charge twice as much biz checking fees than CUs
MADISON, Wis. (9/20/10)--Banks charge almost twice what credit unions and community-based financial institutions charge for business checking, according to a recent survey. Moebs Services recently conducted a survey of 2,300 banks and credit unions, and found that banks charge about $35 dollars for non sufficient funds fees. Credit unions and community banks charge an average of about $25--40% less than banks for business checking, Chicago-based Moebs said. The median limit on all types of transactions for banks and credit unions is 150 per month. Credit unions and community banks charge 25 cents per transaction when accountholders exceed their monthly allowance, whereas banks charge 50 cents per transaction. Also, about 38.1% of credit unions offer free business checking, compared with 31.8% of community banks, the survey noted. About 42% more big banks offer free checking this year than last.


RSS





print
News Now LiveWire
Consumer spending is slumping #Market #Economy http://t.co/RI4HS68IuJ
11 hours ago
April is #NationalFinancialLiteracyMonth & @TheNCUA Chair Matz urges #creditunions to help members learn to manage/protect their finances.
13 hours ago
Fed. FI regulators' statmnts on compromised credentials/destructive malware #cybersecurity http://t.co/f4uTBDm1PU http://t.co/zP5Iw6VxZc
14 hours ago
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
16 hours ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
17 hours ago