Lots of speculation on when major banks would start charging customers to keep their money in the banks. Appears it is happening much faster than most experts thought.
Earlier this week Dutch bank ABN Amro was first large bank to announce it would pass negative interest rates to customers as early as Oct 1. Then Royal Bank of Scotland, one of largest banks in UK sent letters to business customers that if could impose negative rates also.
Options for you
If you are with one of major banks consider moving some savings to smaller bank or credit union. For now, leave your checking account where you have it. Just start protecting your emergency savings.