Tuesday, September 27, 2011

Paying for the privilege of banking

MONDAY 9/26/11- It looks like free checking is going the way of the free checked bag. Only 45% of non-interest bank checking accounts are free, down from 65% in 2010 and 76% two years ago, according to a survey released Monday by Bankrate.com. Fees, meanwhile, are rising: The average monthly fee for a non-interest account is $4.37, up 75% from a year ago.



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