Ally Bank customers enjoy the comfort and peace of mind that comes with knowing their bank isn’t hiding fees in the fine print. The reason? We just think it’s the right thing to do.
But yesterday’s question called out a proposed banking practice that isn’t so customer-friendly.
This year, some banks are considering charging customers an annual fee of as much as $30 for:
1. Talking to a teller
2. Using their debit card
3. Online bill pay
4. Managing their account online
If you’ve been paying attention to the news lately, you know that the answer is #2: This year, some banks are considering charging customers an annual fee of as much as $30 for using their debit card. As we mentioned yesterday, aren’t there tons of other things you’d rather spend that money on?
At Ally, you can use your debit card without worrying about what it’s going to cost you. There are no annual debit fees, and if you’re ever somewhere in the United States that doesn’t accept debit cards, you can take money out from any ATM and Ally will reimburse any fees you incur.
And now comes our last question of the week.
How much did the average American spend on avoidable bank fees last year?
No need to wait for this one. The answer is after the jump!
So how much did the average American spend on avoidable bank fees last year? $620! That means an average of $51 in bank fees slipped by consumers each month. And you thought a $30 annual fee to use your debit card was bad.
That wraps up our quiz for the week. Thanks to all who took part!
What statistic from this week’s posts surprised you the most? Will you keep a closer eye on how much you spend in bank fees?