Bank account holders should get ready for more fees, as the nation’s largest banks want more cash advanced to them. Nearly each and every one of the largest banks in The United States are raising fees. You will find a few ways out of it, but this can be a continuing trend. It is going to get quite costly for people to use their own money. This is leading to more and more people having to apply for payday loans just make ends meet.
Cash advance wanted for banking
Banks are marketed by how large they are sometimes. They will say that their security is higher based on how large they are. For banking at one of these banks, you may have to pay a cash advance. This is because these banks know this. The largest national banks are raising fees on checking accounts, according to CNN, and the changes are starting soon. A base monthly maintenance fee of $12 a month will be charged by JP Morgan Chase in a new Total Checking program all its checking accounts are going into. You might end up paying between $8.95 to $25 a month with Bank of America. The plan will determine the amount paid. People will have to start paying Corporate America if they want to use their own money.
Free checking not disappearing
It may seem that there aren’t any banks that offer free checking anymore, but nothing could be further from the truth. You will have to look for one. Usually, there are some within a short distance. Non-profit organizations, such as credit unions, usually will mean you are putting money back into your community. They will offer free checking with community banks. Credit unions and community banks can be seen in almost every single city. Every state has them all over.
First we bail them out
These people got a ton of bailout cash before raising these fees. Not only do they want more of our earnings, they want our tax dollars too. The companies aren't all doing this, but there are some that shouldn't be.
Articles cited
CNN
money.cnn.com/2011/01/07/pf/checking_account_fees/index.htm
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