Banks Make A Statement With Fatter FeesBy
The banking industry's latest revenue-enhancing technique can be summed up in three words: more fees, please. To shore up weak bottom lines, many banks are raising service fees--while increasing the minimum balances for accounts that waive those fees. If you bounce a check, need a stop-payment order, or fall below the minimum balance allowed, you're likely to pay more dearly. And if you use an automated teller machine network, you may end up paying for transactions that used to be free.
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