Study: Less Than 40% Of Bank Branches Willing To Openly Disclose Account Fees To Customers

Study: Less Than 40% Of Bank Branches Willing To Openly Disclose Account Fees To Customers

In spite of legislation requiring banks to disclose all fees associated with consumer deposit accounts, a new study from the Public Interest Research Group shows that only around four out of 10 bank branches don’t make it difficult or impossible for consumers to see the full schedule of fees.Additionally, banks are reluctant to let customers know about the availability of free checking accounts. [More]