Credit Unions Growing Popular as Banks Increase Fees

POSTED: Monday, October 10, 2011 - 3:17pm

UPDATED: Tuesday, October 11, 2011 - 3:14pm

More banks are hitting customers with fees, but there are ways to get around them.

Citibank announced increased fees for some of its checking accounts, and that they'll be phasing out free checking accounts, and if you have an EZ checking account, you'll need to keep $6,000 in your account or pay a fee of $15 a month.

And as you know last week Bank of America announced a $5 a month fee for using your debit card. Consumers are not happy and many of them are turning to credit unions.
 

Watch the video to learn more.

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In no way do i approve any big banks behavior but this whole debit fee was not their idea. It was the gov's fault for giving large business chains a break on transaction fees imposed by VISA. thanks to the gov's regulations

Secondly it is a duel system so once the popularity of credit unions become more abundent they will be hit with the same fee's. Dont think they are not touchable by that ACT

Just get a payroll card to avoid such things.

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