Banks are charging higher fees for withdrawals from out-of-network ATM machines and for bounced checks. The average fee that banks charge non-customers for using their ATM machines is now $2.40, up 3 percent from 2010. The average bounced check fee, meanwhile, is now $30.83, which is a record amount. Banks are also slowly abandoning "free" checking accounts and some are even charging monthly fees for debit card use.
See Ann Carrns, "Fees, Fees, Everywhere Higher Bank Fees," The New York Times, Sept. 28, 2011.
Posted by William Alan Nelson II, Associate Editor, Wealth Strategies Journal
See Ann Carrns, "Fees, Fees, Everywhere Higher Bank Fees," The New York Times, Sept. 28, 2011.
Posted by William Alan Nelson II, Associate Editor, Wealth Strategies Journal
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