Defend Your Dollars: Share this site! We support reforms to the financial marketplace to curb bad practices by banks and lenders.

Banking

Some bank accounts come with hidden fees and complicated terms which often end up costing you. Consumers Union advocates for upfront pricing and fair practices so that you don’t end up losing your deposits.

Publications

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Blog Posts

  • February Bank Alert!

    By: Christina Tetreault For our February Bank Alert we’d like to highlight a new bank policy many of you may have encountered. The big banks have been imposing a back-door fee by raising the minimum balance required to qualify for a fee waiver on checking accounts. If you don’t keep a large buffer of cash Continue Reading

  • Its not just Americans who are moving their money.

    Consumers in the USA have watched the same big banks who nickle and dime consumers get bailed out by the government and then proceed to hand over insanely large bonuses to their top management. Between the “Occupy” protestors camping out  in cities around the country and the vocal campaign to switch accounts from big banks Continue Reading

  • January Bank Alert!

    We all remember last fall when Bank of America and other big banks backed off from plans to charge customers a monthly fee for using a debit card to access their own money from their checking account. Even BoA admits that consumers deserve the credit for this victory (although they don’t use those words). Massive Continue Reading

  • $5 Debit Fee: Did Bank of America Really Get the Message?

      The Street is reporting that three months after it abandoned plans to charge a $5 monthly debt card fee, Bank of America is now admitting that its fee scheme caused many customers to close their accounts.   B of A CEO Brian Moynihan recently noted “an elevated level of account closings” in the final Continue Reading

  • As overdraft fees hit their highest, a reminder to NOT opt in.

    In case you needed a reminder to opt-out of costly overdraft programs: The median overdraft fee has reached an all time high of $30 per transaction, up from $27.50 a year ago.  Previously we have recommended to consumers that you opt-out of these high-cost short term loan programs. However, if you need some sort of Continue Reading

  • College Students Raise Concerns About Higher One Card Fees

    A small group of students and parents at Western Washington University are taking their consumer rights seriously.

  • Happy Bank Transfer Day!

    We provide a how to video and some tips to help you move your money today

  • VICTORY! Bank of America to drop $5 fee

    Consumers scored a big victory as BoA announces it is caving to pressure and dropping the $5/month debit card fee.

  • The Debit Fee Outrage Is Justified

    Our op-ed that appeared in American Banker

  • How To Move Your Money: Video

    DefendYourDollars.org new video showing you the step by step process to move your money safely

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