A Bankrate study released yesterday states that only 45% of banks offer free checking, down from 76% two years ago. To further put your financial panties in a bunch, miscellaneous account fees are on the rise.
Why all this nickel-and-diming? The dumbed-down version is that banks basically need to make up for lost revenue, so they do that by putting holes in your wallet, whether that's by tacking on a $4 monthly checking fee, a $5 debit card usage fee or charging you $2 per paper statement. Do these excess charges concern you? Or could you care less, moneybags?
Like your free checking account? Prepare to say goodbye
The Worldwide Leader in Dumb! Stalk us on Facebook and Twitter.
