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Checking study: key
findings
• Bankrate.com
For its semiannual survey of checking
services, Bankrate.com surveyed 1,183 accounts at 353 financial
institutions in the 35 largest markets.
The key findings were:
1. Charges for bouncing checks
(NSF fees) are on the rise.
2. A greater percentage of banks
hit non-customers with surcharges for using their automated teller
machines.
3. Customers looking to avoid fees
have to let the bank keep more of their money.
4. Banks are raking more off the
top of customers' accounts in the form of service charges.
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-- Posted: Oct. 22, 1999
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