fees

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Verizon to Charge $2 for One-Off Payments

Subscribers get a new 'convenience fee'

(Newser) - For those complaining that their cellphone bill is just too darn cheap: Verizon Wireless, the country's largest cellphone company, is introducing a $2 fee for every payment subscribers make over the phone or online with their credit cards. The company says this "convenience fee" will be introduced Jan....

BofA Offers More Ways Around $5 Debit Fee

$20K minimum balance isn't the only option

(Newser) - Turns out Bank of America customers won't have to maintain a $20,000 bank account to avoid monthly debit fees after all. With other banks canceling debit fee plans, BofA will now offer customers other means of avoiding its $5 monthly debit card payment —like having paychecks directly...

10 Tips for Ducking Flying Fees
 10 Tips for Ducking Flying Fees 

10 Tips for Ducking Flying Fees

Don't check luggage, don't select your seat, and BYO pillow

(Newser) - As if things weren't financially miserable enough, it's gradually becoming even more expensive to travel. Domestic airfare prices spiked 8% from last year, and airlines are pulling out every stop to eke out more revenue. Here are some steps you can take to avoid unnecessary flying fees, courtesy...

Student Protest Over UC Fee Hike Turns Violent

13 arrested, 15 pepper sprayed, officer conked on head with own baton

(Newser) - A 300-person strong protest against raising University of California fees got out of hand yesterday, and 13 people—mostly students—were arrested. The demonstration took place outside a UC regents meeting about the proposed increase in San Francisco. The UC San Francisco police chief called the crowd "angry and...

Ticketmaster: We Know, You Hate Our Fees

Company will be more up-front ... but not cheaper

(Newser) - Ticketmaster has finally acknowledged the seemingly obvious: that its service fees are annoying and cause some people to abandon the ticket-buying process entirely. In the company’s new blog , CEO Nathan Hubbard attributes the universal hatred of service fees to the fact that buyers “don’t understand what the...

Spirit Airlines Is First to Charge for Carry-Ons

It can cost up to $45 each way to store a bag overhead

(Newser) - Another first in airline fees: Spirit Airlines is going to charge for most carry-on bags. If it's bigger than 16” by 14” by 12”, prepare to pay $45 each way. USA Today surmises that the airline is the first in the US and perhaps the world to charge for carry-ons,...

American Airlines Will Charge $8 for a Blanket

Passengers must pony up to bundle up on long domestic flights

(Newser) - Bundle up, air travelers: Blankets cost extra now, too. American Airlines will begin charging coach passengers $8 for a blanket on long domestic flights and some international routes. On flights of 2 hours or less, no blankets will be available, no matter how much money you throw around. On the...

For $249 Annual Fee, United Will Waive Bag Charges

Fee covers two bags per flight, and up to 8 passengers booked at same time

(Newser) - Fly United frequently, or planning to use the airline for the next couple family vacations? For a $249 annual fee, United will waive fees for your first two checked bags—and it covers up to eight people traveling on the same booking. With a $20 charge for the first bag...

Debit Card Overdrafts Bring Banks Billions

Fees make credit card shopping look like the smarter thing to do

(Newser) - Debit card overdraft fees are helping to pay banks’ bills in the recession—and they're hitting customers hard, the New York Times reports. “Banks will let you overspend on your debit card in a way that is much, much more expensive than almost any credit card,” says an...

Southwest Adds $10 Fee to Board Early

Airline with no assigned seats starts charging for first dibs

(Newser) - Southwest Airlines doesn’t assign seats, but now it will start charging for the privilege of finding the best one, the Dallas Morning News reports. For an extra $10, the new “EarlyBird Check-in” allows passengers to board first, or at least right after the Business Select and Rapid Rewards...

Wall Street Rakes in $1B in Fees on AIG Breakup

Morgan Stanley set to pocket $250M in 'advisory services'

(Newser) - The crumbling of AIG forced taxpayers to take on 80% of the company, but breaking the insurance giant up is turning out to be a bonanza for lawyers and banks. The Wall Street Journal calculates that firms will pull in $1 billion in fees from AIG and the Fed—one...

Baggage Fees Soar as Fuel Prices Drop
Baggage Fees Soar as Fuel Prices Drop

Baggage Fees Soar as Fuel Prices Drop

Budget-conscious passengers cram overhead bins

(Newser) - When airlines instituted new baggage fees, they said it was to offset high fuel prices. Since then, even though energy prices have fallen, the fees haven't gone anywhere but up. In the first quarter, airlines pulled in $566 million in fees, putting them on pace to double last year’s...

Ryanair Serious About Pee Fee
 Ryanair Serious About Pee Fee 

Ryanair Serious About Pee Fee

(Newser) - Ryanair’s CEO isn’t joking about ripping two of the three toilets out of his planes and charging for the use of the remaining one, the Guardian reports. “We are serious about it,” said Michael O’Leary, nicknamed “Michael O’Really” by industry skeptics. “We...

Fee Hikes at Bailed-Out Banks Spur Investigation

Interest rates as high as 30% raise questions about program's effectiveness

(Newser) - Congressional overseers of the TARP program are investigating the lending practices of several of the banks they bailed out in response to complaints that the banks are raising interest rates and fees, the Wall Street Journal reports. Despite receiving billions in taxpayer dollars, Bank of America last week nearly doubled...

Cash-Strapped Cities Get Creative With Fees

Governments turning to extra charges to fill budget holes

(Newser) - Cities across America are taking a page from the airlines and charging for things that used to be part of the service, the New York Times reports. "Accident response fees" charging at-fault drivers for the cost of cleaning up crash scenes are catching on, and Washington, DC is considering...

Carry On! Fewer Checked Bags Cut Lost Luggage

Airlines lost 1.3M fewer bags last year as new fees convinced passengers to carry on

(Newser) - Through their relentless fees, airlines have managed to put the task of transporting often-lost luggage in much safer hands. Last year—as passengers carried aboard the baggage they previously checked for free—airlines lost 1.3 million fewer bags than in 2007, the Chicago Tribune reports. The 33% improvement was...

$700K in Fees Could Bring Panetta Scrutiny

CIA nom got speaking, consulting money from troubled banks

(Newser) - President Obama’s nominee to head the CIA could be the next to come under scrutiny after the Wall Street Journal reported today that Leon Panetta has made more than $700,000 in the past year in speaking and consulting fees—with some coming from troubled banks and an investment...

Hudson Survivors Nearly Charged Cancellation Fees

Passengers Spirit put on downed jet had uphill battle in getting out of return ticket

(Newser) - An airline that canceled its own flight and placed passengers on US Airways 1549 will not, after all, charge them for canceling their return trip, WTIC-TV reports. “I need your credit card number,” a passenger on the jet that ditched in the Hudson River recalls a representative of...

American Readies Piecemeal Pricing

'Unbundling' divides trip cost with fees for food, extras

(Newser) - American Airlines is about to accelerate the trend of breaking the cost of a trip into an airfare plus many smaller fees. Starting next year, American plans to imitate the a la carte pricing structure pioneered by Air Canada, airline officials say. There are likely to be a few basic...

Airline Fees Wiping Out Surfers
 Airline Fees Wiping Out Surfers

Airline Fees Wiping Out Surfers

(Newser) - Surfers may be a laid-back lot, but they're riding a wave of anger at airlines that have begun charging upwards of $150 to check their boards, the LA Times reports. It's a gnarlier price hike than those levied on any other kind of sporting equipment, surfers note, calling for boycotts...

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