Until Banks Settle On Single Way To Disclose Fees, It’s Hard To Compare Checking Accounts

Until Banks Settle On Single Way To Disclose Fees, It’s Hard To Compare Checking Accounts

Most banking services come with a laundry list of small-print, hard-to-read disclosures detailing how much one might expect to pay for things like depositing a check, talking to a teller or checking an account’s balance. Knowing that information before signing on the dotted line for a new checking account is paramount if you don’t want to be saddled with some of the billions of dollars consumers spend on checking account fees each year. However, as a new report continues to show, actually finding that information online can often be an exercise in futility. [More]