Checking Account Fees Hit New Highs

Almost all costs and fees are up at the brick and mortar banks included in Bankrate’s 2007 Checking Account Pricing Study. Average fees reached new peaks across the board.

  • Bounced check: $28.23 (+3%)
  • ATM surcharge:$1.78 (+$.14)
  • Monthly checking service: $11.72 (+$.98)
  • Min required to avoid fees: $3,316.60 (+ 25%)

More than ever, high-yield online savings accounts like HSBC Direct, and ING Direct are the place to park your dough.

Fall 2007 Bankrate.com Checking Account Pricing Study