U.S. Bank is bumping up overdraft fees for all its accounts beginning June 29, the Minneapolis-based bank confirmed Wednesday. The bank's new $35 overdraft fee brings it in line with the country's biggest financial institutions, including Bank of America, Huffington Post reports. Bank officials note that the 15 million-customer bank is eliminating one other fee and lowering yet another.
Winter weather advisory issued as Saturday snow arrives
Not huge totals expected, but any snow will likely impact travel.
Report: Ryan Poles is Vikings' 'top choice' for general manager
Poles was one of two finalists revealed on Friday.
Willis carries shorthanded Gophers to beat Rutgers
The senior scored a career-high 32 points to end a four-game losing streak.
Charges: St. Paul man had sexual contact 'multiple times' with 12-year-old girl
Marcus Steichen, 21, is charged with first-degree criminal sexual conduct.
Charges: Mom killed infant son just weeks after getting him back from foster care
The 10-month-old died in her care in Brooklyn Park last April.
Minnesota's 'frozen potato freeway' closure attracts plenty of comment
It was, let's face it, a very Minnesotan reason for a freeway closure.
U of M fraternity raises money for chef's knee surgery
The GoFundMe has raised around $1,700 of its $5,000 goal.
7 restaurant, bar groups sue Minneapolis over dining vaccine mandate
"Minneapolis bars and restaurants are being used as pawns..." the lawsuit said.
Woman fatally shot in St. Paul's North End neighborhood
It's the fourth homicide so far this year in St. Paul.
Hopkins suffers rare loss to No. 1 ranked Sidwell Friends
The Royals held their own in a battle of the nation's best.
Free checking returns to TCF Bank
Wayzata-based TCF Financial Corp. says it is eliminating monthly account maintenance fees for all customers, regardless of minimum balance, direct deposit or transaction level requirements. The Business Journal notes TCF Bank began charging fees in early 2010 after new federal regulations were expected to reduce revenue from overdraft fees.
Report: Twin Cities bank fees among lowest in the nation
Bankrate.com, which tracks thousands of financial institutions in the U.S., found the average ATM fee is $2.15 per transaction -- the second lowest in the nation.
Minnesota DNR wants lawmakers to raise license fees
Minnesota's fishing and hunting license fees haven't changed in 10 years. The Department of Natural Resources is pushing legislators to raise the fees during the next legislative session. If an increase is not passed, the Associated Press reports there will be deep cuts to popular programs.
U.S. Bank settles overdraft suits for $55M
Minneapolis-based U.S. Bancorp has aggreed to pay out $55 million to settle lawsuits accused of imposing imposed excessive overdraft fees on customers. If a federal judge approves the settlement, the Star Tribune reports more than a million U.S. Bank customers could see some money returned. U.S. Bancorp is among more than 30 lenders being sued over the fees.
Two U.S. Bank execs named some of the most powerful women in banking
The Minneapolis-based financial institutes vice chairman of payment services Pamela Joseph and executive vice president Leslie Godridge both ranked in this year's list compiled by American Banker magazine.
Panel supports raising Minnesota's fishing, hunting license fees
The Game and Fish Fund Budgetary Oversight Committee says they plan to push for the increase during the next legislative session. Without an increase, the Game and Fish Fund -- the collection of fishing and hunting license fees -- is forecast to run a deficit in 2015.
Twin Cities ATM fees lowest in US
Banks charge an average of about $2.20 in the Twin Cities to people who pull cash from an automated teller machine that is outside their own bank's network. That compares to the nationwide high in Denver of $2.80, MPR reports. Customers often get hit with yet another fee, charged by their own bank for using an out-of-network ATM. That average charge of $1.58 in the Twin Cities is about mid-way between the nationwide high and low for that fee.
New fees have TCF bleeding customers, money
TCF Bank reports a first quarter loss of more than $280 million. More and larger fees are actually producing less money by driving away customers. The bank is still sizing up how many customers it's lost and which fees sent them packing. CEO Bill Cooper promises new solutions to reverse the trend.
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