On 12/10/21, the FDIC issued its December Consumer News which centered on ways and options to minimize or avoid overdraft and account fees. The article, written as a resource for consumers, provides information on the different deposit account fees that banks usually charge.
The article also includes guidance on selecting a bank account through comparison and choosing only the services that the consumer need. Specifically, the article talks about the different types of deposit account fees a consumer should be aware of, including:
Overdraft fees;
NSF fees;
Monthly maintenance fees;
Minimum balance fees; and
ATM fees.
Links to additional resources to assist consumers in selecting accounts and minimizing costs are also available.
Read the full article here.