Citibank announces checking account fees

October 04, 2011|Liz F. Kay

Citibank will start charging fees in December for several checking accounts that were formerly free, reports the Los Angeles Times.

Customers can avoid the fees either by maintaining high balances or by downgrading to a basic account and commiting to direct deposit of paychecks along with at least one automatic payment. You could also keep a combined balance of $1,500 in checking and savings to avoid fees.

The news comes on the heels of news that Bank of America will now be charging customers who use their debit cards to make purchases.

Citi customers, have you received your notice in the mail? How are you going to respond?

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