Latest Breaking News On - Bank on greater milwaukee - Page 1 : vimarsana.com

Racine Cash App user surprised by $100 withdrawal from account

Wisconsin borrower risks; high-interest installment loans

A decade ago, when borrowers needed quick cash in Wisconsin, they were more likely to get a short-term payday loan with a high interest rate. Now, chances are higher they’ll get a different type of loan that comes with its own risks.

What Is Second Chance Banking?

Second chance checking accounts minimize banking barriers by providing disadvantaged groups a pathway for banking regardless of their history.

Post from Community: UW Credit Union's clear account receives national certification by banking advocates as safe, affordable account

Post from Community: Bank On Greater Milwaukee announces 2021 coalition champions & celebrates two-years

UW Credit Union: Clear account receives national certification by banking advocates as safe, affordable account

New, simplified policy aims to create more equitable banking while supporting the financially vulnerable

Madison, WI – July 13, 2021 – Effective today, UW Credit Union will cut its overdraft (OD) and nonsufficient funds (NSF) fees by more than 80%, from $30 per occurrence to $5. The simplified policy creates a meaningful reduction for members and supports national shifts designed to create more equitable banking. The average NSF/OD fee in the U.S. was more than $33 in 2020, up from $30 in 2010, according to Bankrate.com. UW Credit Union’s new, industry-low fee applies to all its accounts, including checking, savings and money market transactions. UW Credit Union will continue to provide a (-)$10 threshold, under which no fees will be charged, as well as limit fees to a maximum of one per day. UW Credit Union eliminated overdraft fees related to everyday debit card purchases and ATM withdrawals in 2010. These practices remain uncommon among most financial institutions.

Post from Community: UW Credit Union reduces all overdraft fees to $5