Banks continue to infuriate customers with excessive fees. But banks’ love of fees is understandable. In an interview with NBC10 Philadelphia, Alex Matjanec, co-founder of MyBankTracker.com, explains that deposit accounts cost banks about $300 a year each, but earn only about $115.
This year, he expects a bank account could be susceptible to up to 49 different types of fees.
Most of them are avoidable, but you may have to alter your banking habits. Otherwise, you can always switch banks if you find yourself overloaded with fees.
Watch the segment below: