Ten of the most Outrageous Bank Fees

Nowadays banks place ridiculous restrictions on their customers and nickel and dime consumers to death with service fees, hidden banking fees and interest rates. Banks are looking for new ways to nickel and dime their customers any way they can.

The banks are eager to suck pennies from your pocket and take every penny they can because to it all adds up to millions of dollars of revenue for them.

#1 Forgetting to update your new address with your bank.
Banks will now charge you a FEE if your bank statement gets sent to your old address.

#2 Cashing in coins from the pocket change you have saved at home.
Many banks and some supermarkets have special change counting machines that will count your coins and will allow you to redeem your change for cash but this service is not free. There is a fee for this.

#3 Visiting and actually talking to a human bank teller inside your bank.
Can you believe that some banks charge their customers a FEE for the privilege of being able to access and actually sit down and speak to a bank teller when you need to make a transaction or ask questions about your bank account or accounts. BELIEVE IT.

#4 Losing your bank / debit card.
When you looser misplace your bank debit card, you are not only putting yourself at risk with thieves but you are also going to have to pay your bank for a replacement debit card.

#5 Getting an old fashioned and traditional bank statement.
If you are not comfortable with online banking then too bad because banks nowadays are charging you the consumer to send you old fashioned paper bank statements which use to be standard and free.

#6 Requesting old bank statements. If you contact your bank to obtain records and verify a charge or a deposit you can count on that not being free and you will pay a FEE.

#7 Receiving funds – money.
Redeeming credit card and debit card Rewards Points. Yes they are your points and you earned them but guess what? Banks charge you to redeem those points.

#8 Closing your bank account. Sure you can always just say enough is enough and close your bank account and walk away but as Jim Nabors who played Gomer Pyle USMC use to say SURPRISE SUPRISE SUPRISE your bank is going to charge you a fee to do that.

#9 On our list of outrageous bank fees has been brought to you by Bank Of America.
Bank of America recently announced that in 2012 they are going to start charging their valued customers $5 per month just to use their own debit cards!

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