New Checking Fees At... Citibank

Following in Bank of America's footsteps, Citi will unleash a new wave of checking fees in December, reports CNN Money. 

Mid-tier Citibank account holders will now be hit with a $20 fee for failing to maintain a minimum $15,000 balance (it was $6,000 before); and EZ Checking account holders will now pay $15 a month for not maintaining a minimum $6,000 balance.

CNN also reports that the bank is phasing out EZ Checking, replacing it with the option of either a Citibank account or Basic Checking account, which of course carries fees ($10 per month, up from $8 in September) unless these customers maintain a $1,500 minimum balance or make at least one online payment or direct deposit transaction a month.

Read more: http://money.cnn.com/2011/10/04/pf/citi_fee/#ixzz1ZwqHU500