Banks' Check Fees Reach Record High — What Does Your Bank Charge?
According to Bankrate.com, fees for accounts are at their highest levels — and Portsmouth Patch is asking: How does your bank compare?
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The cost of banking is going up — and lending institutions are finding ways to tack new fees onto checking and other accounts.
Bankrate.com reported recently that charges for use of bank accounts have reached an all-time high this year.
Whether it's higher costs for using ATMs at other banks, monthly "maintenance fees" averaging more than $5 or overdraft charges of $30 or more, bank customers are paying more to get access to their money.
Portsmouth Patch wants to know: How have you been affected?
Does more of your money every month go toward banking fees?
Where do you keep your money — and how do your bank's charges compare to other institutions?
The survey by Bankrate.com found that 72 percent of customers said they'd change banks if their fees went up — would it cause you to switch?
Post your answers in the comment section below.
camille67
9:42 am on Friday, September 28, 2012
BANK NEWPORT IS THE BEST!!!! THE "GO CHECKING" ACCOUNT IS FREE; ATM USES ARE FREE IF YOU MEET THE FOLLOWING CRITERIA: 1) YOU USE YOUR VISA DEBIT/CREDIT CARD AT LEAST 12 TIMES PER MONTH; 2) IF YOU USE YOUR ACCOUNT ONLINE; 3) IF YOU VIEW YOUR MONTHLY STATEMENT ON LINE. (CHECK OUT BANK NEWPORT FOR ADDITIONAL INFORMATION).
I ABSOLUTELY LOVE MY BANK AND TELL THEM ALL THE TIME. I CAN'T COMPARE WITH OTHER BANKS SINCE BANK NEWPORT IS THE ONLY ONE I USE! ALSO THEY ARE FDIC INSURED.
camille67
9:43 am on Friday, September 28, 2012
ps: ATM FEES ARE REIMBURSED UP TO A MAXIMUM OF $25 UNDER THIS PLAN.