Survey reports bank fees are increasing for consumers

Survey reports bank fees are increasing for consumers

Survey reports bank fees are increasing for consumers

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by WHAS11

WHAS11.com

Posted on August 14, 2012 at 11:13 AM

(WHAS11) -- Keep an eye out for rising bank fees.

A new survey from money-rates.com finds banks are increasing all kinds of fees from monthly service fees to ATM and overdraft fees.

Plus the requirements to avoid monthly service fees are getting harder to meet.

The survey finds the average minimum balance needed to avoid fees jumped from about $850 to nearly $4,500 this year.

Banks are looking for ways to recoup from lost revenue .. Now that there's a law limiting how they can charge stores when customers use their debit cards.
 

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