A new study reveals your checking account could be costing you a lot more than you think.The study, from the Pew Health Group, called Hidden Risks: The Case for Safe and Transparent Checking Accounts, found that the average checking account in the U.S. has:
- an $8.95 monthly fee,
- an overdraft penalty fee of $35,
- an overdraft transfer fee of $10,
- and an extended overdraft penalty fee of $25 every seventh day the account is overdrawn.
Continue reading Checking Accounts Often Costly, Contain Hidden Risks, Study Finds
Checking Accounts Often Costly, Contain Hidden Risks, Study Finds originally appeared on WalletPop on Mon, 02 May 2011 10:30:00 EST. Please see our terms for use of feeds.
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Source: http://www.walletpop.com/2011/05/02/checking-accounts-often-costly-contain-hidden-risks-study-find/
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