Checking

Morgan Stanley launches ‘a modern alternative to banking’

01/23/20

The investment bank's new CashPlus Account comes with a mobile banking app, a debit card, online bill payment and other banklike features.

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PNC learns the downside of paying cash bonuses to new customers

01/15/20

CEO William Demchak said the bank has witnessed "a lot of mischief" among customers who open checking accounts to collect bonuses and then never use the accounts again.

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Now $500 million richer, Chime eyes acquisitions

12/06/19

The challenger bank might use the proceeds from its latest funding round to buy other fintechs that would allow it to add more products and services, its CEO said.

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Banker of the Year, Wells Fargo shake-up, credit union nemesis: Top stories of the week

12/06/19

Citizens Bank's Bruce Van Saun is our Banker of the Year; shake-up continues at Wells Fargo with poaching of Santander's CEO; the Navy commander behind the credit union banks love to hate; and more from this week's most-read stories.

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Wells Fargo to refund checking fees after lawmaker flags issue

12/05/19

CEO Charlie Scharf said in a letter to Congress that a review is underway to determine how many customers were affected by confusion over monthly fees and that the bank will begin issuing refunds next year.

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Lawmaker presses Wells Fargo on checking account refunds

11/22/19

Rep. Katie Porter, D-Calif., wants details about refunding "hundreds of millions of dollars" in fees improperly charged on checking accounts. Wells has acknowledged the potential problem but hasn't estimated how much it owes.

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Google-Citi deal could break the ice; bill calls for bank cooperation on guns

11/18/19

It’s only a matter of time before Silicon Valley “overturns more complex banking functions”; banks would have to help FinCEN identify suspicious firearms sales.

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Google-Citi partnership stirs privacy concerns

11/13/19

Questions about the search giant's planned use of transactional data resonate not only with wary consumers, but also with banks that are worried about big tech’s financial services ambitions, as well as lawmakers and regulators concerned about the tech industry’s growing reach.

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Google partners with Citi to offer customers checking accounts

11/13/19

Google has partnered with Citigroup and a California credit union to offer consumer checking accounts, a person familiar with the matter said.

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Google to partner on checking accounts; Wells pushes for rebates

11/13/19

Tech giant takes will work with Citi; the bank reportedly asked IT providers to return some of the money it paid them in 2018.

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