Released: June 28, 2009
The bite of bank fees
Source: Nancy Trejos, Washington Post ( Free Registration )
Your bank wants more of your money, and it’s found a way to get it: by jacking up the fees on your account.
Customers are paying more to maintain a checking account and withdraw cash from an out-of-system ATM, and when they bounce a check. To make up for declining revenue, many banks are boosting fees and are requiring higher minimum balances for many accounts.
Read Full Article: The bite of bank fees
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