Thursday, September 27, 2007

Bank fees at record levels, says Bankrate

Boo!!!

Bank fees have hit all-time highs in several areas, especially ATM surcharges, bounced check fees, and monthly service fees, according to Bankrate's fall 2007 Checking Study released Wednesday.

The survey examined accounts at the largest banks and thrifts in 25 large markets or 249 institutions plus 16 Internet banks. Credit unions were not included, but the results may make members love their low or no-fees credit unions even more. In almost all categories, fees hit a record.

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