Bank of America: “A new $5 fee to replace debit cards took effect in September; a rush overnight order costs $20. Previously, both services were free.”

Chase: “In February, Chase introduced a new basic checking account with a $12 monthly fee, up from the previous $6. The fee is waived for customers who make direct deposits that total $500 a month or maintain a minimum balance of $1,500.”

Citibank: “Starting in December, Citi said it will raise the fee on its basic checking account to $10 a month, up from $8. Customers will have to maintain a balance of at least $1,500 or sign up for direct deposit and online bill pay to avoid the fee.”

Wells Fargo: “The bank also plans to test a $3 monthly debit card fee starting Oct. 14. The fee will be applied to checking accounts opened in Georgia, Nevada, New Mexico, Oregon and Washington. The fee would be in addition to the fees ranging from $5 to $30 that Wells Fargo already charges.”

This is the perfect time to start looking at other local banks.

(Source: inothernews, via newsweek)