Rules Fuel 21% Surge in Bank Checking Fees, Javelin Says
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Consumers pay about 21 percent more in fees for basic checking accounts than they did six years ago, according to a study released today.
An average consumer may pay about $7.72 a month in a combination of monthly and automated teller machine fees this year compared with about $6.36 in 2006, according to the study by Pleasanton, California-based Javelin Strategy & Research, which looked at fees on basic checking accounts offered by 30 financial institutions.