When new laws were passed in 2011 to reduce the fees that banks could charge for certain debit card transactions, the hope was that the changes would be passed along and result in lower fees to consumers. Instead, many large banks have instituted new account fees in order to recoup their lost income.
Keep in mind that your bank can change the terms of your checking account upon 30 days advance notice. So when you receive a letter from your bank, review it carefully to make sure that you won’t be subject to any unexpected new fees going forward.
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Watch Out for Your Bank’s New Checking Account Fees
When new laws were passed in 2011 to reduce the fees that banks could charge for certain debit card transactions, the hope was that the changes would be passed along and result in lower fees to consumers. Instead, many large banks have instituted new account fees in order to recoup their lost income.
Keep in mind that your bank can change the terms of your checking account upon 30 days advance notice. So when you receive a letter from your bank, review it carefully to make sure that you won’t be subject to any unexpected new fees going forward.
Here are...
Monday, March 12th, 2012
When new laws were passed in 2011 to reduce the fees that banks could charge for certain debit card transactions, the hope was that the changes would be passed along and result in lower fees to consumers. Instead, many large banks have instituted new account fees in order to recoup their lost income.
Keep in mind that your bank can change the terms of your checking account upon 30 days advance notice. So when you receive a letter from your bank, review it carefully to make sure that you won’t be subject to any unexpected new fees going forward.
Here are... 
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