ATM and overdraft fees by banks and thrifts continue to climb notwithstanding legislation in the Congress to lower them, Bankrate Inc. the Florida-based finance and newsletter firm, reported.
In releasing its "2009 Checking Study," the Web-linked firm said its latest survey showed "record highs in almost every category." Bankrate said it conducted its latest study in August using data from the top five banks and thrifts in 25 U.S. markets.
Among its findings: bounced check fees and tiered fee structures now average $29.58 for a customer's first overdraft, up 2.1% from $28.95 last year.
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