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Despite Recession, Banks Charge Record Checking Fees

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"Despite the recession, banks are charging consumers record fees for checking account services," USA today reported. "In August, ATM fees and monthly service charges on interest-bearing checking accounts climbed to new highs, while bounced-check fees hovered near a high after adjusting for inflation, according to a new survey that will be released today by Bankrate.com. This year, consumers are paying a record charge of $12.55 per month for an interest-bearing checking account, up 3.5% from 2004, Bankrate's data show. The average bounced-check fee was $29.58 this year, near the inflation-adjusted high of $29.73 reached in 2005."
SOURCE:   USA Today

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