Stop banks from raiding your piggy bank

Apparently, Citigroup wasn’t satisfied with its first round of fees.

In addition to the $10 checking account fees I covered last month (here), Citi customers will be charged $20 a month for monthly balances less than $15,000 in “combined” accounts. This is more than double the previous requirement of $6,000.

But wait, there’s more!

Customers with the “EZ Checking account” will have to pay $15 a month for balances below $6,000. If you don’t have the EZ account, do not fear; you can still pay fees. Citi will no longer offer the EZ account, and instead offer you two choices: the Citibank Account or its Basic Banking account (both carry fees).

Sources:
Citi hikes fees on checking accounts
CNN Money | October 5, 2011
http://money.cnn.com/2011/10/04/pf/citi_fee/index.htm

Bank of America Customers – Time to Move Your Money!
Invest-Safely| September 19, 2011
https://blog.invest-safely.com/2011/09/29/time-to-move-your-money/

Banks Charge for Deposits – Part 2
Invest-Safely| September 19, 2011
https://blog.invest-safely.com/2011/09/19/banks-charge-for-deposits-part-2/

Banks Charge for Deposits
Invest-Safely| August 20, 2011
https://blog.invest-safely.com/2011/08/20/banks-charge-for-deposits/