Payday Pundit » bankrate.com http://paydaypundit.org News and Information About The Payday Lending Industry Wed, 16 Jun 2010 19:04:18 +0000 http://wordpress.org/?v=2.9 en hourly 1 Bankrate.com reports another record-high year for bank fees http://paydaypundit.org/2008/11/25/bankratecom-reports-another-record-high-year-for-bank-fees/ http://paydaypundit.org/2008/11/25/bankratecom-reports-another-record-high-year-for-bank-fees/#comments Tue, 25 Nov 2008 18:33:59 +0000 Payday Pundit http://paydaypundit.org/?p=2002 Bankrate’s 2008 checking study found if you bounce a check, you’ll pay an average of $28.95. That’s 2.5 percent higher than last year. If you’re lucky, that’s all you’ll pay. Too often, even occasional check bouncers fall victim to banks’ practice of paying the largest check first when they’re clearing several checks received around the same time. If that first check drains your account and there are three or four smaller checks behind it, you’ll get clipped for multiple NSF fees.

Bounced-check fees by year:

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