Bank fees on the rise - Cincinnati News, FOX19-WXIX TV

Bank fees on the rise

FOX19 -

Here's motivation to double check your bank account!

A new study found that Chase, Wells Fargo and Bank of America made more than five billion dollars in overdraft and ATM fees. That's up 6% from last year.

As most bank stocks surge, and upcoming interest rate increases are expected to boost the banks’ bottom lines, some analysts had been anticipating a decline in bank fees, which have been compensating banks for loss of revenue streams due to regulations but nothing seems to have changed yet.

The study also found that customers pay an average of $655 a year in fees.

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