Source-Cleveland.com-
Many local banks, in the past, routinely raised fees almost every year for things like cashier's checks, safe deposit boxes and bounced checks.
But the latest Plain Dealer survey of bank fees found that banks have completely eliminated fees for some services, and reduced fees or kept them steady for most of the rest, compared with the last PD survey three years ago.
At the same time, it's becoming more difficult to avoid a monthly checking account fee because, increasingly, banks expect customers to pay a few bucks if they don't maintain a minimum balance or have other accounts or loans.
The PD surveyed this region's 14 largest banks, those with at least 1 percent of local deposits in Greater Cleveland. The survey included 11 fees, both avoidable fees like non-sufficient funds and using another bank's ATM, and fees for everyday services such as cashier's checks and safe deposit boxes. Read more
Comments