Two-thirds of the country's largest banks no longer offer free checking, according to a survey by Moebs Services.
Big banks are beginning to make good on their threat to charge fees for everyday checking accounts. But most banks aren't big banks, and community institutions are hanging on to free checking as long as they can in the hopes of luring away some of the big banks' disgruntled customers.
The larger banks are now enacting what customers like James Miller of Nashville have heard was on the horizon for a year or more: Your free checking account is about to cost you.
The high price of gold and other precious metals is encouraging a new breed of gold diggers — traveling estate buyers who temporarily set up shop in hotels. They offer to pay cash on the spot for gold, diamonds, old Rolexes and collectibles.
Walking into one such event at a hotel, it all seems very professional: A fancy conference room with a 20-foot conference table, with soothing bossa nova music playing overhead.
For a long time, much of the world saw the eurozone sovereign debt crisis as Europe's problem. Now world leaders, including the United States, realize a eurozone meltdown could have dire consequences for everyone. They are working up a massive rescue plan whose contours are beginning to emerge. Although Britain does not use the euro, that nation's politicians are using their party conventions to issue dire warnings about the euro's fate. And one eminent economist is proposing a novel solution to limit the impact of the European debt crisis.
STEVE INSKEEP, host: It's MORNING EDITION from NPR News. I'm Steve Inskeep.
DAVID GREENE, host: And I'm David Greene. Greece's government hopes to approve a new property tax in parliament today. There is wide opposition to the measure from a Greek public that's already feeling the pain from austerity measures. The government says the new tax is a must to prove that the country deserves more international bailout money to prop up the Greek economy. NPR's Sylvia Poggioli joins us on the line from Athens.