MSN Money
By Liz Pulliam Weston
May 24, 2006 

Banks have found even trickier ways of raiding your wallet, and they’re even targeting good customers who never bounce a check.

Everybody knows that banks have jacked up fees on those who mismanage their checking accounts and credit cards.

Charges for late payments and exceeding your credit limit have almost tripled in the past decade. Bounced-check fees now average close to $30 — with some banks charging as much as $45 for an NSF (nonsufficient funds) draft.

Getting less attention are the fees banks are imposing on their more responsible customers who are just trying to access and manage their accounts. For example:

ATM fees continue to rise. On average, your bank charges you 25% more than it did six years ago for using another bank’s ATM. And the “foreign” bank adds a surcharge that’s 40% higher than it was in 1999, found.

Cash advances take a bigger bite. Getting cash from your credit card has long been expensive, but the tab has risen sharply in recent years. A decade ago, most credit card issuers imposed a 2% fee with a $2 minimum fee and a $10 maximum fee on cash advances, according to Today, the fee is 3% with minimums ranging from $5 (at most issuers) to $15 (at HSBC) and no maximums.

Stop-payment and returned-deposit fees have skyrocketed. A decade ago, stopping payment on a check usually cost $10 or less, and you generally didn’t pay anything if a check you deposited turned out not to be good (other than bounced-check fees if you subsequently wrote checks based on the bad deposit). Today, the typical charge for a stop payment is $25, with one bank, Sun Trust, nicking its customers for $32, according to Meanwhile, many banks have instituted returned-deposit fees of $5 to $10 in addition to the cascade of bounced-check fees you might face.

“Courtesy” services are disappearing. Fees to talk to bank tellers, in person or on the phone, are now standard for many low-balance accounts. Cashier’s checks and money orders, once free or $1, now cost $10 and up. Some lenders have imposed fees ranging from $5 to $15 for making payments by phone or online.

Miscellaneous fees are rising. Balance-transfer fees on credit cards of 3% to 4% are now commonplace, as are 3% foreign exchange fees when you use your credit card overseas. Account research can get pricey as well; banks and lenders may charge $5 for a copy of an old check or $10 for an archived statement.

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