More Bank Fees

If you didn’t notice or read yet, Citibank announced new fees for their banking. This goes hand-in-hand with my other post, about Bank of America’s $5 Debit Card Fee.

“Starting in December, customers who hold its mid-level Citibank Account will be charged $20 a month if they fail to maintain a minimum balance of $15,000 in their combined accounts. Previously, account holders had to carry a minimum balance of $6,000. At the same time, customers who have the bank’s EZ Checking account will start being charged $15 a month if they don’t carry a minimum balance of $6,000. Citi (C) says it is phasing out the EZ Checking package, which currently carries no monthly fee, and is instead offering customers either the Citibank Account or its Basic Banking account, which also carries a fee.”

At this time, I’m very happy that I belong to a credit union, because I feel that fees are going to come out of the wazoo now for everything.

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