TD Banks Hikes Fees on Checking Account Services
TD Bank is hiking a variety of service fees on its checking accounts.
The bank said Thursday the higher fees on wire transfers, certified checks, money orders and stop-payment fees will take effect next month. TD Bank will also start charging $9 after the sixth withdrawal from select savings accounts.
Although consumers tend to focus on monthly service fees, the changes at TD Bank highlight the numerous ancillary charges customers can incur with checking accounts. A study by The Pew Charitable Trusts this year found that checking accounts can come with dozens of different fees, many of which can be difficult for consumers to find on bank websites. To make it easier for consumers to compare such fees, the group has called on federal regulators to require banks to provide standardized fee disclosures on their websites.
Read the full article at abclocal.go.com.
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