Tag: Bank Accounts

November 29, 2022

As everything was collapsing around him, Sam Bankman-Fried talked casually about the way FTX had accessed regulated banks otherwise out of reach to the crypto exchange: through his trading firm, Alameda Research. The arrangement arose because banks were reluctant to […]

May 4, 2022

Rep. Stephen Lynch, the chair of the House Task Force on Financial Technology, has proposed legislation that would provide additional consumer protections against being ripped off by fraudsters online. Called the Protecting Consumers From Payments Scams Act, the bill — […]

February 14, 2022

While there is overt awareness around open banking and its benefits within the financial services industry, the challenges created by a lack of education are evident. The services offered by banks today are focused on those with multiple bank accounts, […]

June 3, 2021

Previously eBay charged a flat 10% of the sale price, including postage, with PayPal taking a cut of 2.9% of the final amount, including postage, plus a small sum for each transaction. As of 1 June, eBay is charging a […]

January 10, 2020

After 12 months of offering multiple introductory rates, banks will then have to decide on one single easy access rate (SEAR) for their easy access cash savings accounts, and one for their easy access cash savings ISAs. The regulator says […]

January 3, 2020

Customers took to social media apps from around 4am on New Year’s Day to rail against the outage, particularly because many direct debits are due on Thursday. One customer complained that Lloyds was “taking the ‘bank holiday’ a little too […]

January 3, 2020

Bill Wallace, Chase’s head of digital, told the Financial Times the lender was working towards getting customers’ passwords “out of the system” and instead issuing tokens that send third parties a narrow range of data in a secure form. Aggregator […]

May 23, 2019

Overall, attacks on more than 300,000 users were detected. These are among the main findings of Kaspersky Lab’s IT threat evolution in Q1 2019 report. Mobile banking Trojans are one of the most rapidly-developing, flexible and dangerous types of malware. […]

April 2, 2019

U.S. Bank unveiled its entirely rebuilt U.S. Bank mobile app, co-created every step of the way with its customers. The resulting app is one of the most comprehensive and useful mobile banking app experiences, fueled by extensive research on how […]

March 6, 2019

It’s getting tough to afford a place to live — but residents of the nation’s capital are better placed than their peers in other cities. People in Washington, D.C., have the most money left over in their bank account after […]

August 16, 2017

You can have as many bank or credit union accounts as you want, with very few exceptions. GOBankingRates researched 20 large financial institutions to find out if they have limits on the number of accounts a customer can open — and […]