While President’s Day made this week blow by faster than usual for some, banking news didn’t cease to break. Here are some of the week’s events you don’t want to miss.
A Look Into President Obama’s Finances
If you’re curious about how President Barack Obama and wife Michelle Obama manage their finances then you have to out this article examining the President’s 2009 Public Financial Disclosure Report. The report revealed Barack and Michelle’s low-risk, solid savings attitude towards managing their wealth — an example any American moving towards retirement can follow.
TD Bank Adds ATM Fees on Certain Accounts
The effects of federal regulations aimed at the banking industry reared their head again, but this time in the form of new ATM fees. TD bank has decided to charge new fees in order to offset some of the costs of the financial reform. The bank, which bills itself as ‘America’s Most Convenient Bank’, will cease to be so for some of its customers now that many will be forced to pay a $2 fee for use of non-TD ATMs. TD will also no longer refund ATM fees imposed by other companies. If you’re a customer of TD Bank make sure to check your statements or call a representative to find out if the new fee applies to your checking account.
Bank of America Adds New Check Imaging Fees:
If you thought America’s largest bank was done adding fees to the services they provide customers, think again. Following suit with other large banks, the bank rolled out a new $3 dollar check imaging that hit many customers by surprise this month. This new fee comes after the banks announcement to introduce a $59 annual fee. Make sure to vigilantly check your banking statements (and, continue reading MyBankTracker.com, or course for more news of added fees from Bank of America and other financial institutions).
IRS Reintroduces its Free File Program
Filing for taxes can be an expensive process for some, so the IRS is making it easier on you (and your wallet) by offering up free online tax filing services through its Free File program. Taxpayers from eligible states will be able to use free commercial tax preparation software from H&R Block, TurboTax and TaxAct to do their taxes. Over 70% of taxpayers qualify for the program, so make sure to check out the government agency’s website to find out if the program is in your state.