Will monthly bank withdrawal fees motivate customers to leave?

    If you’re not depositing frequently enough, making regular trips to the ATM and don’t have a substantial balance, big banks have a gift for you: a monthly fee.

    Bank of America, Citigroup, Wells Fargo and other major banks have plans to implement $3 to $20 monthly fees on customers who don’t make it worth their while. So will we see more customers fleeing to credit unions and small banks?

    Sarah Whites-Koditschek today will have the local take on whether big banks will start losing customers. Want to be part of the story? If you’ve made the move to a smaller bank because your old one wants to charge you for ATM withdrawals, email thefeed at whyy.org to share your story.

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