dormant account fees

Avoid Bank Fees

Posted August 28, 2009 - 12:00 by Philip Brewer

Personal Finance

Bank building

I don't pay any bank fees, except rental on my safe deposit box. That leaves me of two minds about the fees. On the one hand, I feel bad because the fees tend to fall hardest on the people who can afford them the least--the poor, the ignorant, the stupid, the careless, the lazy, and the unlucky. On the other hand, the fees other people pay help cover the costs of the many free services that I get from the bank.

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Saving money for kids made easy (NOT) by banks

Posted 2 years ago by Julie Rains

Filed Under: Personal Finance

boy with bank and cash

Last week, I closed a no-maintenance-fee account because I was charged a hefty you-haven’t-deposited-any-money-lately fee a/k/a dormant account fee. I offered to make a deposit in exchange for a fee waiver; no way was the response. I closed the account. Reading the business section a few days later, I learned that this bank finally reported higher earnings primarily due to…increases in fee income.

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