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Bank customers can expect new fees for using ATMs, talking to tellers, transferring money [View All]

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Newsjock Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-12-11 10:53 PM
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Bank customers can expect new fees for using ATMs, talking to tellers, transferring money
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Source: Cleveland Plain Dealer

... Consumers nationwide this year can expect a slew of new bank fees, ranging from charges to talk to a teller, use an ATM or transfer money between accounts.

Fees like these are on the rise this year as banks nationwide grapple with how to recover billions of dollars in lost revenue now that they can't make as much from overdrafts fees, credit card interest a nd debit card usage fees as they once did.

... Citibank, for example, charges a $30 monthly checking fee for customers who don't have a combined average balance of $50,000 for all deposit or retirement accounts, or $100,000 in deposit, credit, investment and retirement accounts or a $250,000 Citi mortgage. A customer can choose a different checking account with lower requirements, but will have to pay an annual fee for a debit card.

Most banks that are increasing minimum balances aren't going that high - typically $2,000 to $6,000.

Read more: http://www.cleveland.com/business/index.ssf/2011/04/ban...
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