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Talked a lot to you about the Bank of America's new sixty dollar a year debit card fees I even cut up my debit card on air.
But I got to tell you Bank of America is far from the only offender when it comes to higher fees and the worst part higher bank fees are here to stay.
New rules have put the kibosh on or cut back traditional fees such as overdraft late fees.
So banks say -- forced a great brand new spanking charges people revenue coming in the door.
In addition to Bank of America Citigroup and charged twenty bucks a month starting in December to some customers who don't keep a balance of 151000 dollars or more.
Wells Fargo JPMorgan Chase testing three dollar monthly debit card fees in a handful of states.
Suntrust started a five dollar monthly debit card -- back in June.
And Regions Financial kicked off of four dollar see this month.
Now these -- of course a hot -- of anger and frustration among consumers especially those -- doubt downtown in Manhattan.
And for many they could be enough to push customers to go through the hassle of switching banks.
There's a new survey out by research intelligence group it says about a third of consumers believe their bank if debit card fees are put in place.
And it's not just lip service the weekend after Bank of America announced their new fees nation's largest credit unions -- new accounts opening.
Skyrocketing more than 20%.
That's I said switching banks can be a hassle especially if you have their direct deposit.
Pay bills online or you do a lot of business directly with your bank.
USA today outline some things to think about for making the switch.
For starters you can save a lot of money if you go to an online bank.
Now some of these banks have lowest checking costs and some even have high interest rates and will reimburse you for using another bank's ATM.
It's an ideal for those who use a lot of checks but it's something to keep in mind.
Now those ATM -- a major concern for those thinking about switching to a credit union.
Or a small bank because they don't have the big networks sometimes.
You need to do the research find out if they have agreements as -- deal with larger -- ATM networks to see if they can waive those fees.
Just because you hear a headline about bank fees don't automatically run -- your local branch in close everything some of these may not even apply to you such.
If He used direct deposit -- be a minimum balance to pay online.
So again I can't stress this enough before leaving your bank to your homework don't be afraid to move your money around -- there's nothing out there that's better for you and your family.
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