Rates Current as of Thursday February 09, 2012

Banking Day

A business day during which an office of a bank is open to the public for substantially all of its banking functions.

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Banking & CD FAQs

I cashed a check at a bank. It charged me a fee because I don’t have an account there. Is this legal?

If a national bank agrees to cash a check for a noncustomer, it may legally charge the presenter a fee. There are no limitations on the fee amount. If you think the fee is excessive, you may want to open an account with the bank, or cash your check at another institution with

The bank charged $34 for an overdraft, which seems excessive. Is there a limit?

Federal laws do not establish maximum amounts for fees that national banks can charge on your account. These decisions are made by the bank—and in some instances, are prescribed by State law. National banks are required to disclose any fees when the deposit account is established. Review your account agreement with the bank as

If I bank by telephone or the Internet, are my legal protections the same as when I bank in person?

Yes. In addition, you’re protected by the Electronic Fund Transfer Act, which governs consumer rights involving errors in the handling of electronic deposits, payments or withdrawals, and limits on consumer liability for unauthorized transfers.

Why should I change my password regularly for online banking?

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