Maybe We'll Charge an Extra Fee to Read This

Publication: The Wall Street Journal

Author: Rachel Louise Ensign

05/16/2011 - Lose your PNC Bank debit card on vacation, and it'll likely cost you $32.50 for a replacement. If U.S. Bank gets more than one of your statements returned in the mail because of an incorrect address, you'll be charged $5 -- for each return.

If you feel banks are nickel-and-diming you these days, you'd be right.

Free banking has gone the way of the free in-flight meal. Banks are now restricted in some fees they can charge -- and stand to lose billions of dollars in revenue as a result -- so they're coming up with new fees for things that used to be free.

Checking accounts at the 10 biggest U.S. banks had a median 49 fees in October, according to an April study by the Pew Charitable Trusts.

But there are ways to beat your bank at its own game -- and minimize or avoid some fees.


Read the full article Maybe We'll Charge an Extra Fee to Read This on The Wall Street Journal's Web site.

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