Quote Of The Day

“But the era of free checking is coming to an end: In an forehead-smackingly obvious turn of events, bold action by Congress and regulators to protect the little guy from overdraft fees means many banks are gearing up to switch to charging those same little guys monthly fees instead. Of course, people who have lots of money in their accounts, use a bank credit card, or employ bank-based investment advisers won’t pay these fees. Only people with small, relatively low-volume accounts will.” –Katherine Mangu-Ward