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More Bank Fees

October 5, 2011 BY Michelle Schroeder-Gardner - 3 Comments

This post may contain affiliate links. Please read my disclosure for more info.

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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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3 Comments
Filed Under: Budget Tagged With: Banks

About Michelle Schroeder-Gardner

Michelle is the founder of Making Sense of Cents, a blog about personal finance and traveling. She discusses how her business has evolved in her side income series. She paid off $40,000 in student loans by the age of 24 mainly due to her freelancing side hustles. Click here to learn more about starting a blog!

Comments

  1. Married...with a Pup says

    October 5, 2011 at 12:27 pm

    Ugh, we have PNC and so I'm just waiting until they announce something about fees! My husband belongs to a credit union and he always says how much better it is!

    Reply
  2. Lindy Mint says

    October 5, 2011 at 3:57 pm

    It's madness, I tell you. I'm quite glad I bank with USAA and don't have to think about this sort of thing.

    Reply
  3. The New Diplomat&amp says

    October 5, 2011 at 4:26 pm

    i just got my letter from there – highly annoyed. luckily we also have USAA.

    Reply

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Hello and welcome!
My name is Michelle and I'm the author/owner of Making Sense of Cents. Learning how to save money and make more money changed my life. It allowed me to pay off $40,000 in student loans, start my own business, and I now travel full-time.
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