Innovative bank fees

May 23, 2011|By Liz F. Kay

Sounds like some banks have instituted new fees that you might not expect for certain services, according to the Wall Street Journal.

The article states that Citibank says they are going to stop charging five percent for depositing coins at its Illinois location, which is a relief. I could see a retail store getting a little peeved if you tried to pay for a large purchase in pennies, but I'd still expect them to accept them: coins are  valid currency. But a bank? Ridiculous --- and a good reason to take your business to a bank that offers free coin-counting services to customers.

Other fees include charges to send a replacement ATM card to an address other than your main one --- helpful if your wallet is stolen while on vacation --- or for that perennial concern, overdraft protection.

Have you encountered any unusual bank fees in recent months? Tell us about them in the comments below.

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