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Columnist slams bank fees

March 21, 2008 | alternatives, industry | Comments (0)

Liz Pulliam Weston at MSN Money pulls no punches.  According to the column: 

Late payments and exceeding your credit limit have almost tripled in the past decade. Bounced-check fees now average close to $30 — with some banks charging as much as $45 for an NSF (nonsufficient funds) draft.

 

Late fee

Overlimit fee

1994

12.55

12.75

1995

13.25

13.2

1996

14.21

13.94

1997

19.24

18.44

1998

22.1

21.14

1999

25.61

24.96

2000

27.1

25.99

2001

28.29

26.88

2002

30.04

27.89

2003

31.44

29.23

2004

32.61

30.35

2005

34.42

31.22

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