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Bank Fees Bonanza: Does Your Bank Charge These 45 Different Fees?by Mogama(10) With fewer people lining up for new loans, and some current borrowers unable to repay their loans like they used to, banks, striving to stay in business, are leaning more on income from bank fees to make up the difference for what they've lost to fewer new loans or old bad loans. Incidentally, it is good customers that banks are driven to bombard with aggressiveness in creating and collecting an ever growing list of fees. The other day, my wife showed me the newest Fee Schedule from Republic Bank, where we have banked for years. To my utter shock, Republic Bank has listed 45 different fees on that two-page rectangular card. This Fee Schedule should be nicknamed " Fee... (continue reading) |
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