Cost of checking accounts at all-time high

Chicago Tribune ^ | 10/25/10 | Mary Ellen Podmolik

[Nachum]

The cost of maintaining a checking account rose to an all-time high this year, with much of the increase coming from the fees assessed to maintain both interest and non-interest-bearing accounts rising 40 percent. Other cost increases included a 5 percent increase from last year in ATM fees, to an all-time high of $2.33, while the average fee for using an out-of-network ATM was $1.41, rising almost 7 percent, according to a survey released Monday by Bankrate.com. Other fees that rose this year included a 3 percent increase in overdraft fees, to a record high of $30.47

[Nachum]

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[RockinRight]

Something else to thank Democrats for.

[Monkey Face]

I like cash and money orders.

[colorado tanker]

Get used to it. Bwany Fwank’s financial regulation bill imposes additional regulations and price controls that cut banking profits, so they are going to make up for the lost revenue this way. It will take a long time to undue the damage these idiots did in just two years.

[FromLori]

We can thank the dems for bringing back Usury too

Usury used to be illegal in the United States but it was “decriminalized” in 1980–the dawn of financial deregulation. A Democratic president and Congress repealed all interest-rate controls and the federal law prohibiting usury.

[max americana]

Yep. Money orders rule. No paper trail either.

[EVO X]

They are either a doofus or somebody stole their account info. I can't fathom running up $620 in yearly checking account fees..

[Straight Vermonter]

Why do people put up with this crap?

USE A CREDIT UNION!!!