Wednesday, July 30, 2014
Top Entrepreneur News

Wed, 30 Jul 2014 22:30:00 -0500

Competition for the money is fierce but the federal government allocates $2B a year in grants for early stage ideas few investors will touch.

Wed, 30 Jul 2014 22:00:00 -0500

Surely, both platforms offer benefits, but should one be prioritized over the other?

Wed, 30 Jul 2014 21:31:00 -0500

Look out, Airbnb, Dropbox and Uber: there's reportedly a new $10 billion business on the block.

Wed, 30 Jul 2014 21:30:00 -0500

With the change, social-media managers will see their roles evolve.

Wed, 30 Jul 2014 21:00:00 -0500

While your relationship with your co-founder may be peachy right now, there is a possibility it could turn sour down the road. To protect yourself (and the company), make sure these three areas are covered in your founders' agreement.

Wed, 30 Jul 2014 20:54:00 -0500

More than 20,000 businesses have borrowed more than $150 million in PayPal Working Capital loans since the pilot program launched in September.

Wed, 30 Jul 2014 20:30:00 -0500

Connecting customers with each other to discuss common challenges builds tight bonds with you.

Wed, 30 Jul 2014 20:21:00 -0500

Can you guess which chain took the cake for the most calorie-rich food offering? Hint: It has a 2,780 calorie French toast dish.

Wed, 30 Jul 2014 20:18:00 -0500

The beloved shapewear company expands with a collection of skinny jeans.

Wed, 30 Jul 2014 20:15:00 -0500

Stave off white-collar crime in your workplace with these precautionary measures.

Wed, 30 Jul 2014 20:10:00 -0500

The San Francisco-based peer-to-peer ridesharing app has suffered a few setbacks in its launch into the New York City market. Here’s what other entrepreneurs can learn from Lyft’s Big Apple rollout.

Wed, 30 Jul 2014 20:00:00 -0500

Meetings with big decision-makers can be hard to come by, so get your software in the hands of employees and hope they spread the word.

Wed, 30 Jul 2014 19:30:00 -0500

Even today new inventions don't always involve harnessing high technology. The smallest idea can inspire a transformative product.

Wed, 30 Jul 2014 19:00:00 -0500

Struggling to make your digital strategy work? Try these tactics.

Wed, 30 Jul 2014 18:30:00 -0500

Investors seek companies that run smoothly and have solid prospects, which is just the company you're trying to build.

Wed, 30 Jul 2014 18:10:00 -0500

Get the most out of your time and money on the microblogging network with these important pieces of advice.

Wed, 30 Jul 2014 18:00:00 -0500

Employees are on strike at New England's Market Basket to win back their old CEO. Here's why they care so much and what entrepreneurs can learn from this grocery chain.

Wed, 30 Jul 2014 17:30:00 -0500

Despite the recent rise in the number of small business loans, small business lending still has not returned to their highs.

Wed, 30 Jul 2014 17:26:00 -0500

Instagram unveiled a one-click, self-destructing messaging app of its own, irking some competitors and peers in the market.

Wed, 30 Jul 2014 17:00:00 -0500

Give your company the time it needs to make important business changes pay off.

Wed, 30 Jul 2014 17:00:00 -0500

Certain questions during interviews with prospective employees can land you in trouble. Here's what you should be doing.

Wed, 30 Jul 2014 16:30:00 -0500

With the landscape rapidly changing for regulation of pot in various states, employers must be sure their guidelines keep pace.

Wed, 30 Jul 2014 16:00:00 -0500

Short answer: Yes. Here's why.

Wed, 30 Jul 2014 15:54:00 -0500

Should search engines be accountable for the data some people might want removed from the Internet? Members of a European subcommittee don't think so.

Wed, 30 Jul 2014 15:42:00 -0500

The country is following in the footsteps of Japan, Sweden and the United States, which have all sanctioned public tests for the burgeoning tech.

Wed, 30 Jul 2014 15:30:00 -0500

The high failure rate that occurs in the startup world can be attributed to many different factors, but often, it comes down to these four recurring problems.

Wed, 30 Jul 2014 15:15:00 -0500

In a creativity rut? These approaches to thinking and problem solving can help you put the brain back into brainstorming.

Wed, 30 Jul 2014 15:14:00 -0500

Marco Arment, Tumblr's founding lead developer, says the business of app development has become something different, and more difficult, than it was not too long ago.

Wed, 30 Jul 2014 15:00:00 -0500

Here are four traits of highly intelligent people that everyone can adopt in business and in life.

Wed, 30 Jul 2014 14:30:00 -0500

Hiring your own children can have a ton of advantages, provided you do it right.

Wed, 30 Jul 2014 14:00:00 -0500

Want your content to stand out in the sea of blogs? Here are 26 ideas to get you started.

Wed, 30 Jul 2014 13:30:00 -0500

Set the standard for your line of work

Wed, 30 Jul 2014 13:00:00 -0500

Flipboard lets you catch up on what's hot in your line of business in a few quick swipes.

Wed, 30 Jul 2014 12:30:00 -0500

As software gets smarter and Apple enters the race, smartwatches may finally hit the mainstream later this year.

Wed, 30 Jul 2014 12:00:00 -0500

Some words can detract from your message. Avoid them if you want to achieve more powerful and pointed communication.

Wed, 30 Jul 2014 11:30:00 -0500

These College Hunks Hauling Junk franchisors tried to open up a pilot location for a new franchise concept, before converting the location into a Two Maids & A Mop franchised unit.

Wed, 30 Jul 2014 11:00:00 -0500

Understanding how to build new habits is essential for making progress in your health, your happiness, and your life in general. Let's get started.

Wed, 30 Jul 2014 11:00:00 -0500

Through dual branding and an in-store ecommerce business, the two sweet sister brands are hoping to cash in on a new type of franchise.

Tue, 29 Jul 2014 23:00:00 -0500

Candidates can shine not just by presenting descriptive data like a resume of accomplishments but predictive data such as plan to solve problems for a prospective employer.

Tue, 29 Jul 2014 22:30:00 -0500

If you're feeling lonely while you toil out there on the web, take some lessons from these vibrant websites. What they did, you can do.

Tue, 29 Jul 2014 21:30:00 -0500

Steer the company in new directions without alienating the traditional customer base or losing sight of the core mission.

Tue, 29 Jul 2014 21:30:00 -0500

Being open and honest with employees can solve issues such as low morale, poor engagement and turnover.

Tue, 29 Jul 2014 21:00:00 -0500

The ability to keep making progress may just be the greatest skill an entrepreneur can learn.

Tue, 29 Jul 2014 20:30:00 -0500

Neil Patel shares some of his top SEO and content-marketing secrets.

Tue, 29 Jul 2014 20:30:00 -0500

Business incubators present an amazing opportunity for startup companies, as long as you have the right expectations.

Tue, 29 Jul 2014 20:27:00 -0500

The social-media company saw a 24 percent jump in monthly average users in the second quarter.

Tue, 29 Jul 2014 20:00:00 -0500

Great CEOs will critically assess their managers to detect those not performing at the highest level.

Tue, 29 Jul 2014 19:30:00 -0500

The redesign shows you how someone came across your profile, informing you of whether they searched for you or found you through a shared connection.

Tue, 29 Jul 2014 19:30:00 -0500

Follow these six steps for a killer performance that will leave a lasting impression.

Tue, 29 Jul 2014 19:00:00 -0500

The National Labor Relations Board has deemed McDonald's a 'joint employer' – a decision that could redefine franchising as we know it.

Tue, 29 Jul 2014 19:00:00 -0500

Content marketing to other businesses is a lucrative play, but less so if you don't avoid these pitfalls.

Tue, 29 Jul 2014 18:52:00 -0500

While the embattled company's CEO is unsure that BlackBerry will be the iconic brand it once was, he remains optimistic about the future.

Tue, 29 Jul 2014 18:41:00 -0500

Calling all brains: The TSA is looking for someone to help them figure out this major airport headache -- and is willing to pay for the solution.

Tue, 29 Jul 2014 18:30:00 -0500

Investment marketplace CircleUp picks companies that are pioneering new categories and re-imagining new industries.

Tue, 29 Jul 2014 18:00:00 -0500

Employers have multiple reasons to really encourage their workers' fitness and grant a financial incentive for follow-through.

Tue, 29 Jul 2014 17:57:00 -0500

The widespread outrage directed at Facebook for manipulating its users' emotions has the dating site, which has been routinely running experiments on its own users, perplexed.

Tue, 29 Jul 2014 17:30:00 -0500

For new and established businesses alike, organic traffic is a precious resource, and building it can seem insurmountable.

Tue, 29 Jul 2014 17:00:00 -0500

Socialfly examines the Twitter fans of 10 major companies to judge which ones are real. See the results.

Tue, 29 Jul 2014 16:30:00 -0500

The ability to tell a tale is a priceless skill, especially in your marketing. Here's how to create stories that give your business top-of-mind awareness.

Tue, 29 Jul 2014 16:18:00 -0500

Actress Blake Lively was looking to follow in Stewart's footsteps in launching her own lifestyle company. Stewart's response? 'Let her try.'

Tue, 29 Jul 2014 16:00:00 -0500

The easiest way to wrest back control over a roller-coaster sales cycle is by managing the pricing of your products or services.

Tue, 29 Jul 2014 15:30:00 -0500

After realizing he wasn't really moving forward at his startup, founder Alex Lorton decided to make a big change in his approach to the entrepreneurial world.

Tue, 29 Jul 2014 15:15:00 -0500

No joke: A robot made of an old bucket, galoshes and a computer 'brain' is attempting to hitchhike across Canada.

Tue, 29 Jul 2014 15:15:00 -0500

Clarence Otis announced his departure from the parent company of Olive Garden on the same day the company completed the sale of Red Lobster.

Tue, 29 Jul 2014 15:00:00 -0500

The billionaire entrepreneur’s basic rules to get a business off to a strong start.

Tue, 29 Jul 2014 14:30:00 -0500

Sales veterans, don't endure a Willy Loman twilight. Get the knack for social media and you'll dream of what you might have done with it back-in-the-day.

Tue, 29 Jul 2014 14:17:00 -0500

Spain passed a law last week that taxes any site linking to articles published by members of the country's newspaper association that contain descriptions of their work.

Tue, 29 Jul 2014 14:00:00 -0500

Follow these tips to ensure the recipients of your messages don't hit the delete key, or worse, unsubscribe.

Tue, 29 Jul 2014 13:45:00 -0500

Social media is a powerful tool that is transforming culture, changing how we see things, interacting with each other and connecting with each other on a daily basis.

Tue, 29 Jul 2014 13:30:00 -0500

Choosing the right hires for your organization is crucial to building a thriving business. Here's how to get it right.

Tue, 29 Jul 2014 13:00:00 -0500

Experts discuss the key traits of successful franchisees and how to find the business model that's right for you.

Tue, 29 Jul 2014 12:45:00 -0500

The inaugural class of the New York Fashion Tech Lab shows how big a business opportunity fashion can be.

Tue, 29 Jul 2014 12:30:00 -0500

You may think people like and understand you, and want to help your business. You're dead wrong.

Tue, 29 Jul 2014 12:00:00 -0500

Leaders must start paying more attention to the words they use to make their messages more powerful, inspirational and motivational.

Tue, 29 Jul 2014 11:30:00 -0500

Sure, you're idea is unique but how businesses survive, or don't, is the same for everybody.

Tue, 29 Jul 2014 11:00:00 -0500

Brutal hours, low pay, stock option souvenirs, smart people with good ideas routinely going broke. You can fall in love, again, with your day job.

Mon, 28 Jul 2014 22:30:00 -0500

Here are four steps to quickly create a strong online reputation.

Mon, 28 Jul 2014 21:34:00 -0500

If the rumors are true, the nation's largest online retailer could give Square and PayPal a run for their money.

Mon, 28 Jul 2014 21:30:00 -0500

Often ignored in an owner's rush to develop a new product or invention, the passion workers feel for a company can be critical for results.

Mon, 28 Jul 2014 21:00:00 -0500

It helps to bring in others to fill any gaps in your skill or experience. Here are five variables that will help you determine how much a new partner is worth.

Mon, 28 Jul 2014 20:36:00 -0500

The initiative is aimed at younger travelers who are increasingly placing hotel reservations on mobile phones.

Mon, 28 Jul 2014 20:34:00 -0500

Now that Golden Gate Capital has acquired Red Lobster from Darden Restaurants, the seafood chain is trying to emphasize its quality.

Mon, 28 Jul 2014 20:30:00 -0500

The old ways of networking are dying. There are options to build organic relationships that every entrepreneur can utilize and enjoy at the same time.

Mon, 28 Jul 2014 20:00:00 -0500

Avoid these no-nos to inspire investor passion. Provide compelling evidence of a boost to their bottom line.

Mon, 28 Jul 2014 19:30:00 -0500

They're just as bad as everyone says they are. Here's why.

Mon, 28 Jul 2014 19:30:00 -0500

The other half of a leadership and marketing consulting firm describes the keys to running a business with the person you married.

Mon, 28 Jul 2014 19:00:00 -0500

Customers are doing their own research. So traditional methods of promotion don't suffice.

Mon, 28 Jul 2014 18:30:00 -0500

Everybody could use a little help from their friends but, sometimes, you need to make the friend who can help you that little bit.

Mon, 28 Jul 2014 18:17:00 -0500

While ethically dubious, the Knee Defender is likely to appeal to business travelers all too familiar with the crammed quandary of flying coach.

Mon, 28 Jul 2014 18:10:00 -0500

Apple is reportedly purchasing a podcast and radio streaming app called Swell.

Mon, 28 Jul 2014 18:00:00 -0500

Entrepreneurs may start out acknowledging their vulnerabilities but then quickly fall into image management. Here are ways for business leaders to be authentic and cultivate the best from staff.

Mon, 28 Jul 2014 17:30:00 -0500

If the HBO TV series is anything to go by, tech entrepreneurs have overtaken Hollywood actors in popular culture.

Mon, 28 Jul 2014 17:00:00 -0500

It's one thing to author a smash hit, but it's quite another to pen a best-seller that stands the test of time on the business shelves.

Mon, 28 Jul 2014 16:45:00 -0500

Customers can design and create their own products in a new online shop announced by the Seattle-based ecommerce giant today.

Mon, 28 Jul 2014 16:30:00 -0500

Workers are checking their phones a staggering amount each day, according to a recent survey.

Mon, 28 Jul 2014 16:16:00 -0500

Following a six-week courtship, two mega real-estate listings websites are joining forces to create a colossal database of digital listings.

Mon, 28 Jul 2014 16:15:00 -0500

The airline, which was founded in 2007 and is partly owned by serial entrepreneur Richard Branson, filed with the Securities Exchange Commission on Monday after announcing its first annual profit.

Mon, 28 Jul 2014 16:00:00 -0500

Those who excel worked hardest to overcome their doubt and fear.

Mon, 28 Jul 2014 15:30:00 -0500

Creating a successful and profitable business takes time.

Mon, 28 Jul 2014 15:00:00 -0500

As you prepare to launch your company, keep these social-media rules in mind.

Wed, 30 Jul 2014 16:26:00 -0500

In an incident dismayingly similar to one involving American Airlines, a commuter, Shuttle America, refused to allow a passenger traveling with her 9-month old son to use an aircraft-approved infant car seat even though she had specifically purchased a seat so her child could fly safely.  In this case, Katie Kinnane bought a ticket for her infant on Delta Air Lines for a trip on July 11 from LaGuardia Airport to Indianapolis.  Unfortunately, the crew on that flight was not as educated on FAA rules for flying safely with children as Ms. Kinanne was.  The crew thwarted her attempts to use an aircraft-approved car seat in what appears to be another violation of federal rules by an airline.  Those rules require that an airline allow a parent to use an approved car seat if a seat has been purchased for the child and is weight-appropriate.

Wed, 30 Jul 2014 14:18:00 -0500

It's getting more and more difficult to make excuses for , who for all intents and purposes had the best exclusive game of the quarter in Mario Kart 8, and still managed to post a sizable loss for that period.

Wed, 30 Jul 2014 13:53:00 -0500

This year it comes down to small, student-centric, liberal arts colleges vs. large, brainy, research-oriented universities closely associated with science, technology, engineering and math. The FORBES 7th annual Top Colleges ranking reveals higher education in flux, ongoing debate between the value of liberal arts vs. STEM degrees and a winning formula of high student satisfaction and graduation rates, alumni career success and low student debt.

Wed, 30 Jul 2014 13:45:00 -0500

Could the Oakland Raiders become the San Antonio Raiders? The San Antonio Express News reported yesterday the team is considering such a .

Wed, 30 Jul 2014 13:21:00 -0500

There are two widely accepted ‘facts’ when talking about the upcoming iPhone 6. First it will be larger (4.7-inch and 5.5-inch variants, to be precise). Second that it will kick glass to the curb in favour of a super hard sapphire display. But new data suggests one of these may be completely wrong.

Wed, 30 Jul 2014 10:00:00 -0500

For the second time, Stanford University out-muscled its East Coast rivals to top the FORBES 2014 most entrepreneurial universities list. Silicon Valley's reach has extended across California, as the state's schools took over half of this year's top ten spots.

Wed, 30 Jul 2014 10:00:00 -0500

By Janet Novack and Samantha Sharf

Wed, 30 Jul 2014 04:28:00 -0500

Social venture CommitChange has developed a new fundraising platform for nonprofits that doesn't rely on collecting a percentage of funds raised, potentially netting nonprofits with a higher percentage of total donations.

Tue, 29 Jul 2014 12:10:00 -0500

It comes top of almost all ‘most wanted’ polls, but manufacturers rarely listen. Battery life has become the great unloved element of the modern smartphone and it has built an entire industry of spares, charge cases, mini power cables and much more as a consequence. But that could all change after .

Tue, 29 Jul 2014 10:45:00 -0500

Davidson College in Davidson, NC, climbed from the No. 4 spot to steal the crown from Duke University as the top school in the South this year. Davidson also came in as the No. 10 ranked liberal arts school this year. The Blue Devils slipped just one spot and still come out on top as No. 2 on the Southern schools list. Rounding out the top five colleges in the region are Rice University in Houston, TX, Washington and Lee University in Lexington, VA and University of Virginia, Charlottesville, VA.

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Is Your Bank Stealing From You?
By David Najor :: Friday, August 22, 2008 :: 13686 Views :: Article Rating :: Business & Finance

California, USA - “Few would argue that the energetic entrepreneurs have transformed small business in metropolitan areas of Michigan, California, Illinois, Arizona, and Nevada,” says Rebecca Cohen of California’s Bank & Trust speaking of Chaldeans.  “They are hard-working, brilliant in business, and have a remarkable talent for negotiations.”

Although the accolades and praise rings true to many, Chaldean business owners still remind budding entrepreneurs to be mindful of banks when doing business. 

“Banks are like any other business.  Their inventory is currency.  They want to buy currency when it is inexpensive and sell or loan to you at a higher rate,” says Masood Bajou.  “Chaldeans in business or not, should always keep a close eye on their banks and the fees they charge.”

Increasingly, banks are finding ways to impose bigger and trickier fees on account holders.  Uncovering the creative ways banks assess fees and other hidden costs to their customers was no easy task.  Nonetheless, Chaldeans should be watchful over some of the sneakiest fees and quickly master ways you can avoid them...

ATM Overdraw
Many ATMs are allowing their customers to overdraw on their accounts. Request cash from your bank's ATM, and you will almost certainly receive it -- even if there is not enough money in your account to cover the withdrawal. Banks could easily program their ATMs to decline such transactions or to warn you that such a transaction will trigger a hefty overdraft fee, but that would mean a loss of extra fees for the banks.

Chaldean Self-defense: Check your balance before making the withdrawal if you are not certain there is enough money in your account.

Double ATM fees.
Last year, Bank of America increased its ATM fee for non-account holders from $2 to $3, and other banks are likely to follow suit. ATMs warn customers of this type of charge, but many ATM users do not realize that their own banks often charge an additional fee of between $1 and $2.50 for using an ATM that belongs to another bank chain. That means the total fee for an out-of-network ATM transaction can top $5.

Chaldean Self-defense: Use only your own bank's ATMs.

Check Overdraft Penalities
Clear the biggest checks first to maximize overdraft penalties. Most banks charge a fee of $30 to $40 each time an account holder bounces a check. (Any merchant who received your bad check might charge you a penalty as well.) In addition, many banks now follow a practice that often automatically increases the number of checks that their customers bounce. They do this by first deducting from your account the largest check amounts when processing a batch of your checks.

The banks claim they do this because large checks tend to be the most important, but consumer advocates contend that it is just a way to maximize fees. Bank of America, Citibank, HSBC, Wells Fargo and many other banks engage in the practice.

Example: Five checks you wrote reach your bank on a given day -- four checks for small items followed by a $1,400 mortgage payment. If there is only $1,300 in your account, only the final check -- the big mortgage payment -- should bounce. Instead, your bank processes the large mortgage payment first, which means that all five checks will bounce. Rather than a $30 or $40 overdraft fee and one upset check recipient, you now face $150 to $200 in overdraft fees and five perturbed check recipients.

Chaldean Self-defense: Avoid writing many checks or making several debit card purchases in a short period if you are not 100% certain that there will be enough money in your account to cover all of them.   Also, check with your bank to see if they have overdraft protection should you have both a savings and checking account. This is often a free service so be careful of banks that charge for this basic service.

Another hidden fee is getting a penalty for someone else's bounced check. A penalty when you bounce a check is one thing -- but many banks now charge a fee of $5 to $10 to the recipient of a bad check as well.

Chaldean Self-defense: Do not accept checks as payment unless you are confident that you can trust the payer.

Account Dormancy Fees
Some banks charge a fee of several dollars per month to keep an "inactive" or "dormant" account open. In Michigan, Charter One is notorious for this practice.  Banks have different criteria for what they consider a dormant account, so be sure to ask your bank about its rules.

Chaldean Self-defense: Close any unnecessary accounts.

Banks might charge you a fee of $5 or more if you close an account within six to 12 months of opening it. These fees are particularly common at bank branches located in college towns, because banks know that students often close accounts at the end of each semester or school year. Example: Here in California, KeyBank charges an early closure fee of $25 when "Express Checking" accounts are closed within 180 days of being opened.

Chaldean Self-defense: Ask about account closing fees before you open the account. Don't open an account at a bank that charges such a fee if you expect to leave the region or close the account for another reason anytime soon.

Gift Card Fees.
Banks sell gift cards like those offered by retailers. They can be used just as you would use a bank-issued debit or credit card. Unlike retailer gift cards, however, bank gift cards often carry account fees of as much as $2 or $3 per month. If the recipient does not spend the money quickly, a significant portion of it might gradually disappear.

Chaldean Self-defense: Give cash or a check -- or a retailer gift card -- rather than a bank gift card.

Teller and Phone Fees.
Some banks now charge $1 to $5 or more every time an account holder interacts with a teller or customer service representative in person or on the phone (or every time the account holder exceeds a preset monthly teller transaction limit). At some banks, this charge applies even when customers call the bank but interact only with the automated system. Customers are not told that they are being charged a fee at the time of the transaction, and they often are unaware of the rules.

Some banks even charge a fee for certain ATM services, such as requesting a "mini-statement" that summarizes recent transactions.

Chaldean Self-defense: Ask your bank if your account has a limit on the number of free teller visits or calls. If it does, do as much banking as possible through ATMs or on-line.

Also, ask to have any teller or phone fee waived when your call or visit is about a bank error, involves opening an account or is because the bank's ATM is out of service. You also may avoid these fees if you maintain a certain balance in some accounts.

PIN fees.
Some banks now charge a fee of 25 cents to $1.50 each time a customer uses a personal identification number (PIN) for a debit card transaction at a retailer. Debit card users typically can choose to either sign for purchases or type in their PINs.

Banks impose PIN fees to encourage customers to sign for purchases, because banks can charge retailers higher fees when they do. Trouble is, many Chaldean cardholders don't even know that PIN fees exist.

Chaldean Self-defense: Try to use credit cards rather than a debit card. If you do use a debit card, check whether your bank imposes a fee when you enter a PIN. Consider switching banks if it does.

HOW TO AVOID FEES

Many Chaldean bank customers learn that fees only after when charges appear on their account statements -- if they bother to read their statements at all.   By law banks are required to give new customers a "Truth in Savings Disclosure" statement detailing all of their fees and to notify customers in writing when policies change, but few read the fine print of bank literature. Chaldeans should routinely ask their bank for a copy of the fee-disclosure statement for their accounts.

Chaldeans will often say that their banks waive the fees because they are good customers, but this is less common now. At many banks, low-level employees no longer even have the right to waive fees, and the managers who do are increasingly unwilling to be lenient -- though it is still worth asking to have questionable fees waived when they appear on your statement.

Always keep a good record of what you have tied to a bank.  Banks know that if you have your mortgage being automatically withdrawn, direct deposit for professionals, or a business account with business dealings electronically tied, they know you are less likely to leave over the fee charges.  Some banks will take advantage of this situation and nickel and dime Chaldeans to death. 

Having all your information accessible makes it easy to call their bluff and transfer your accounts to another bank.  Competition is the only way to keep the banks offering great service at reasonable costs. 

Now that is advice you can take to the bank!