Bank Fees Continue to Climb, MoneyRates.com Reports

February 24, 2014
Columbus Dispatch 
MoneyRates.com reports that account maintenance, overdraft, and ATM fees increased during the second half of 2013; and the share of checking accounts surveyed that charge no monthly maintenance fees fell to an all-time survey low of 29 percent.

Large banks tend to post higher fees than small and medium-sized banks in several categories, and just 20 percent of the checking accounts at large banks were free of monthly maintenance charges. Typical monthly maintenance fees can run $12 a month or so, according to MoneyRates.com.

Overdraft fees are up, and bank customers who use an ATM outside of their network can be slapped with two fees: one from their own bank and one from the bank whose ATM they use.









Abstract News © Copyright 2008-2013 INFORMATION, INC.
Powered by Information, Inc.

Stay Updated

Join the fight against predatory lending. Enter your e-mail to sign up for breaking news, action alerts, and CRL's original research.

   Please leave this field empty
  

Help Us End Predatory Lending

Predatory lending destroys family wealth, and preys on our most vulnerable communities. You can help us end abusive lending practices by donating to CRL, or by sharing our work with others.



`