PayPal has largely been a cashless operation, until now. Through a partnership with coin-counting machine provider Coinstar, PayPal transforms Coinstar kiosks into machines that also double as ATMs for PayPal customers.

More Wells Fargo customers, who still have free checking accounts, face a $7 monthly fee starting in August. The change marks the completion of the bank’s transition of these free checking accounts to checking accounts that can, in fact, remain free under certain circumstances.

To help customers stay on track with their savings goals, ING Direct has launched a new feature -- fittingly named “My Savings Goals” -- for Orange Savings and Kids Savings accounts. 

Bank of America is delivering personalized deals and offers to customers in select states after bank employees piloted the program earlier in the year. Called BankAmeriDeals, the program aims to strengthen the relationship with existing customers and attract new business.

New York City's local legislature voted Tuesday to introduce a responsible banking law to its books, forcing banks that wish to do business with City Hall to demonstrate their commitment to investing in New York. Los Angeles's city council did the same on Tuesday. This isn't terribly uncommon for cities to pass legislation of this nature, but it is certainly notable when the Capitol of Capital does so, especially considering its billionaire mayor made his money in the financial services industry.

U.S. Bank plans to restructure some of its fees this year. In the initial stage, customers will face a slightly higher overdraft fee -- requiring greater diligence when managing their spending to avoid a negative balance.

JP Morgan Chase CEO Jamie Dimon frequently boasts about what he calls his fortress balance sheet -- an impenetrable wall of well-hedged risk. But after a $2 billion trading loss stemming from a derivatives bet made in the bank's London office, he may have to admit that his strategy isn't quite as failsafe as he would like to think. More importantly, the law that is designed to prevent this sort of thing from happening to depository institutions, the Volcker rule, might be too weak to do its job.

Citizens Bank and Charter One will let customers move their money through person-to-person (P2P) payments and external account transfers -- services that come with fees attached. Both banks are owned by RBS Citizens Financial. 

American Express card members can now receive daily deals, sent via the company's iPhone application and based on purchase history and location. Initially, the deals program will be in pilot mode with offers concentrated in New York and Los Angeles.

In a week that will likely revolve around the Federal Reserve’s minutes of the last board meeting, several thousand TD Bank customers should be on the lookout for the possibility in recouping overdrafts that they paid in the past.