Study: There Are 48 Potential Checking Fees

Advertising Disclosure: When you buy something by clicking links on our site, we may earn a small commission, but it never affects the products or services we recommend.

Image Not Available

From MarketWatch

Pew’s mission is to convince all banks to include for all checking accounts disclosure boxes similar, yet considerably longer, to those now found on credit-card bills. But through its annual Safe Checking study it has uncovered a number of items and fees that most consumers wouldn’t have a clue about until they got hit with them.

These include crazy things like a fee for returned mail if you moved, a fee for closing your account too soon, a fee for sliding an empty envelope into the ATM deposit slot, a return deposit fee (because the check you received wasn’t good – how are you supposed to know that?), an inactivity fee, and a fee for depositing too much money. They can range from $3 to $35 each.

Get smarter with your money!

Want the best money-news and tips to help you make more and spend less? Then sign up for the free Money Talks Newsletter to receive daily updates of personal finance news and advice, delivered straight to your inbox. Sign up for our free newsletter today.