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