The Daily Dollar

Defend Your Dollars is the website of the Consumers Union Financial Services Campaign, where we support reforms to the financial marketplace to curb bad practices by banks and lenders.

America's banks missing the mark on banking fees
Posted by Michelle at 08/27/07 03:16 PM

Last Tuesday the American Banking Association (ABA) released a survey showing that "sixty-five percent of consumers spend $3 or less in monthly fees." Read more »

Thanks Bank of America for raising the fee…
Posted by Michelle at 08/23/07 01:33 PM

You may soon discover, or have already discovered, that you are paying more cash to get cash. Bank of America has raised the fee to $3 for all non-customers who use their ATMs…nearly double what most banks charge. According to, the average ATM surcharge fee is $1.64. Read more »

Opting Out
Posted by Michelle at 08/08/07 04:21 PM

We've heard from a number of consumers about how they had placed their names on the Do Not Call, or other opt-out lists, and yet still obtain solicitations they do not want. Why is this? Because there are more places than one where you'll need to opt-out. Luckily, the World Privacy Forum has identified a Top Ten list of Opt-Outs which also can help explain just why you may be still obtaining a pre-approved offer from your bank. Read more »