5 cities with highest bounced-check fees

5 cities with highest bounced-check fees

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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.