checking

5 cities with highest bounced-check fees

Fees for overdrafts increased over the past year, with the average cost of the first bounced check or returned payment now at $30.47. This is up 3 percent from $29.58 last year, and it's consistent with the average 2.9 percent annual increase since 1998. Still, this fee remains avoidable. See how at Bankrate.com.

In its 2010 Checking Study, Bankrate surveyed the five largest banks and five largest thrifts based on deposits in the top 25 U.S. markets.

<< Back to the 2010 Checking Study table of contents.

 

 

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Allison Ross

CFPB concerned about overdraft fees

The Consumer Financial Protection Bureau again has raised concerns about overdraft protections at banks, today releasing a report that says small debit card purchases lead to expensive overdraft fees. "Today’s report shows that consumers who opt in to overdraft coverage put themselves at serious risk when they use their debit card," CFPB Director Richard Cordray  ... Read more

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