I looked at the fees from 5 major banks (Bank of America, Chase, Citibank, US Bank, and Wells Fargo), and the following list is a rundown of the types of fees charged. Checking, Savings, & Money Market Account Fees Early Account Closing Fees Negative Balance Closing Fees Mini-Statements at Home Bank ATM Full Statement at Home Bank ATM Transaction Fee for Non-Home Bank ATM Denied Transaction Fee for Non-Home Bank ATM Balance Inquiry Fee for Non-Home Bank ATM Fee for going over ATM transaction limit Check Card Replacement Fee Foreign Transaction Fee (with Check Card use) Fee for going over check writing limits Checking account monthly fee Overdraft Fees Continuous Overdraft Fees (not the same as overdraft fees) NSF Fees Returned Deposited Item Fee Overdraft Protection Transfer Fee Returned Statement Fee Dormant Account Fee Counter Check Fee Online Bill Pay Fee Phone Bill Pay Service Fee Failed Payment Fee (Online Bill Pay) Excess Activity Fee for Savings Accounts Other Bank Service Fees Account Research Fee (minimum charge applies) Cashier’s Check Fee Money Order Fees Stop Payment Fees Traveler’s Cheque Fees Wire Transfer Fees Statement Copy Fees Cancelled Check Copy Fees Fee for returning original checks with statement Notary Fee International Item Deposited Service Fee Not all of the banks I surveyed charged for every item on the list, but all of the banks charged for most of these items. There are also several additional fees that I didn’t list…fees for things that most customers wouldn’t use frequently, such as legal services. When you sign up for a new bank account, make sure you know what fees are charged. It is also important to know when deposits are made available, what order transactions are posted to your account (in the order they occurred or highest dollar amount first), and any requirements you need to meet to waive monthly service fees. Are you aware of any typical fees that I missed?
Posted on: Wed, 19 Jun 2013 13:13:46 +0000
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