ATM and overdraft fees still high, says Bankrate.Washington lawmakers may be preparing tough laws on ATM and overdraft A check that is drawn on an account containing less money than the amount stated on the check. The term overdraft is also used in reference to the condition that exists when vouchers fees, but according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Bankrate Inc. a Florida newsletter firm, those fees continue to climb recording highs "in almost every category." In compiling com·pile tr.v. com·piled, com·pil·ing, com·piles 1. To gather into a single book. 2. To put together or compose from materials gathered from several sources: data from banks and thrifts under its "2009 Checking Study" completed in August, Bankrate found bounced check Ask a Lawyer Question Country: United States of America State: Florida I have recently found out that a check I wrote over a year ago bounced and never got paid and that I have a warrant out for my arrest. fees and tiered fee structures now average $29.58 for a customer's first overdraft, up 2.1% from the $28.95 last year. "ATM surcharges are up 12% this year to a new record high of $2.22, almost double what they were in 1999," said Bankrate. Last year the ATM surcharge An overcharge or additional cost. A surcharge is an added liability imposed on something that is already due, such as a tax on tax. It also refers to the penalty a court can impose on a fiduciary for breaching a duty. averaged $1.97. The average monthly service charge for an interest checking account "hit a new high of $12.55, up almost 5% from last year," concluded the report which surveyed the top five banks and thrifts in 25 U.S. markets. In a press release, Bankrate said its report was timely, considering "all the pending legislation over bank fees with banks claiming they're going to lower their fees soon." --jrubenstein@cutimes.com |
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