TODAY Money: Many Checking Accounts Still Have Hidden Fees
You can’t comparison shop if you don’t know what you’re getting. And that’s what happens, in many cases, when people open a checking account, according to a study released Thursday from the Pew Charitable Trusts.
The report looked at the disclosure practices for basic checking at 36 of the nation’s largest banks.
While some banks do a good job in certain areas, Pew found that the industry doesn’t always make it easy for customers to know all the charges, fees and penalties – especially overdraft charges – associated with their checking accounts.
Read the full article at today.com.