Payment Card News

Bank Fees

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A new survey shows that two-thirds of consumers spend $3 or less in monthly fees for bank services such as checking account maintenance and ATM access. The poll by the American Bankers Association also reveals that more than half of consumers pay no bank fees, a 9% increase from 2006. When asked how much they estimate they spend on fees for banking services each month, such as checking account maintenance and ATM access, consumers provided the following responses: 52% said they pay nothing; 13% said $3 or less; 9% said $3-$6; 3% said $6-$8; 5% said $8-$10; and 13% said they pay more than $10. The survey was conducted for ABA by Ipsos Reid. For more information visit: “http://www.aba.com”:http://www.aba.com

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