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DC bank fees among the highest in the country

from "D.C. drawback: bigger bank fees", by Kathleen Day, Washington Post 08/09/00

A Moebs $ervices research study commissioned by the Federal Reserve shows that Washington D.C.-area residents pay more in banking fees than most other banking consumers in the country. Ken Williams, Moebs $ervices President, cites two factors that may contribute to the situation: many on-the-go Washingtonians rely on getting cash from a bank other than their own; high fees typically occur in areas dominated by large banks—a flurry of recent consolidations have contributed to the situation in D.C.

Written By: vhorizon
Date Posted: 10/24/2005
Number of Views: 3943