Banks
Not so fast, TD Banknorth
TD Banknorth wants to merge with New Jersey-based Commerce Bank and rename the whole thing to TD Commerce Bank.
Just one problem -- there's already a Commerce Bank & Trust in Worcester, and they say the new name would infringe their longstanding trademark.
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Say, Boston also has a surcharge-free ATM network
But you wouldn't know it from reading this article in today's Globe.
Memo to Globe business editors: learn something about the SUM ATM network.
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Avoid Salem Five Bank at all costs!
Get this: I made a $500 deposit to my bank three days ago, which got processed yesterday. An Amazon purchase I made of $4.99 got processed yesterday as well. I looked at my account activity and saw that I was charged an overdraft fee. I call my bank. The dude tells me that if I make a deposit, they hold ALL of the money in my account until the deposit clears. To be clear, not just the amount of the deposited check, but ALL of the money in my account. I.E. on the day of the deposit, I can't withdraw funds, and if I use my check card, I get an overdraft fee.
Me: "But what if I had tried to use an ATM yesterday?"
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