A great follow up to yesterday’s post about unconscious spending can be found in the following article from the Orlando Sentinel
The fact is that banks are clearly rethinking their fee structures based on new banking regulations and in an effort to maintain profitability. According to Bankrate.com, fewer banks are offering free checking, ATM fees are up, and bounced-check charges and other fees continue to rise.
The only way to fight this trend is to stay informed and shop around. Banks know that customers are not likely to switch banks because of a small change in a fee here or there, but look closely at the total cost of maintaining your regular banking relationship.
You may find it’s time for a change.