Checking Slowly Gets Safer
- Source: Bankrate.com
- April 20, 2012
If you've opened a checking account, chances are you've skipped reading the mile-long account agreement that comes with it. Thanks to the Safe Checking Project from the Pew Charitable Trusts, those lengthy documents are starting to get shorter.
This week, TD Bank decided to condense its account terms into a document that everyday account holders can actually understand. My colleague, Claes Bell, covered the efforts to simplify bank info at Chase last year, and TD's recent announcement makes it the second big member of the banking industry to proactively address the issue of cumbersome checking account agreements.
Read the full article at bankrate.com.