Citibank kills free checking but attorney general warns, not so fast

Citibank checking
Citibank checking

New York Attorney General Andrew M. Cuomo today announced a nationwide agreement regarding banking fees. He held a telephone press conference, which I listened in on, and if you're a Citibank customer, this news may affect you.

Starting today, Citibank was basically going to kill its free checking program. But after the New York Attorney General's office stepped in, Cuomo was able to announce today that -- for many customers -- the free checking program has been extended until at least the end of the year.