checking

5 cities with lowest 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 is consistent with the average 2.9 percent annual increase since 1998. Still, the fees in some cities fall below the average. See which ones 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

FDIC drops ‘high-risk’ list

The Federal Deposit Insurance Corp. has revised a warning to banks about dealing with potentially fraudulent businesses, eliminating a list of sample merchants it said may warrant special scrutiny. The FDIC said that the list of risky merchants, which included certain telemarketers, pornography businesses, coin dealers, payday lenders and online gambling companies, was not meant  ... Read more

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