Teen admits taking bank’s ‘free money’

A man has pleaded guilty to dishonestly obtaining financial advantage when Commonwealth Bank ATMs hit a glitch yesterday. Picture: Craig Greenhill THE first person to be charged over yesterday’s ATM glitch has pleaded guilty this afternoon to scamming more than $1000 from the Commonwealth Bank. Ertem Adam Toklar, 18, yesterday used three separate ATMs a [...]

5 Ways to Beat Higher Bank Fees

Reuters Banking can be a battle. From account maintenance fees to penalties for infrequent debit card use, many consumers regularly fight against unexpected expenses in their monthly statements and frustratingly low interest rates. As many banks work to boost their profits in the face of new consumer protection legislation through fees and additional requirements and [...]

5 ways to beat higher bank fees

Banking can be a battle. From account maintenance fees to penalties for infrequent debit card use, many consumers regularly fight against unexpected expenses in their monthly statements and frustratingly low interest rates. As many banks work to boost their profits in the face of new consumer protection legislation through fees and additional requirements and restrictions, [...]

Bank glitch shocks mum

LOCAL mother Agnes Lolohea got the shock of her life last Wednesday when she tried to withdraw cash from the Commonwealth Bank – and discovered her son’s account was mysteriously overdrawn. The Lolohea family quickly learned they had become the victims of a technical glitch that affected the Commonwealth Bank earlier this month, resulting in [...]

Firefighter charged with stealing money from Bristol Kendall department

Kendall firefighter charged with theft from department Beacon-News Staff Mar 28, 2011 08:15PM E-Mail Print A Kendall County firefighter has been charged with theft and forgery in the transfer of $20,000 in fire district funds into his personal bank account. Jeffrey Noss, 32, of the 2300 block of Sumac Drive, Yorkville, is charged with taking [...]

Kendall firefighter charged with theft from department

Kendall firefighter charged with theft from department Beacon-News Staff Mar 28, 2011 05:59PM E-Mail Print A Kendall County firefighter has been charged with theft and forgery in the transfer of $20,000 in fire district funds into his personal bank account. Jeffrey Noss, 32, of the 2300 block of Sumac Drive, Yorkville, is charged with taking [...]

Costly changes to watch on checking accounts

E-mail this page Print this page Larger type Smaller type By Candice Choi, Associate Press 4:04 PM Saturday, March 26, 2011 Don’t get too attached to the terms on your checking account. In the past year, banks have hiked monthly fees, imposed tougher minimum balance requirements and even taken away rewards programs. The positive spin [...]

Checks and balances

NEW YORK — Don’t get too attached to the terms on your checking account. In the past year, banks have hiked monthly fees, imposed tougher minimum balance requirements and even taken away rewards programs. The positive spin from banks is usually that the changes are part of a revamping intended to give customers more personalized [...]

That ‘free’ checking account probably comes with a lot of strings attached

Usually, the spin is that customers are getting more personalized options. But it’s not a coincidence they come as the industry faces a dramatic drop in revenue following last year’s regulatory overhaul. Article source: http://www.boston.com/business/personalfinance/articles/2011/03/25/that_free_checking_account_probably_comes_with_a_lot_of_strings_attached

Severely indebted people need the human touch

Since 2009, consumer lending by banks has contracted sharply. With unemployment reaching 2.5m last week, and set to rise further, many people are adjusting to shrinking incomes and many more are having to cope with huge levels of over-indebtedness. According to the Bank of England, between October and December 2010 alone, there were more than [...]

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