Americans with annual household income under $30,000 and a checking account pay an average of $31 per month in bank or credit union fees, according to a Bankrate.com and MONEY survey.
That's more than three times as much as the $9 typically paid by other income brackets (these figures include routine service charges, ATM fees and overdraft fees).
Another shocker, just 59% of U.S. adults with household income under $30,000 per year even have a checking account (compared with 83% of all others).
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
