Money School

Today’s Money: Avoiding rising bank fees

Posted by Jean

By now, I’m sure you’ve heard about Bank of America’s decision to charge customers $5 per month for using their debit cards — and BOA is not the only one. Chase and Wells Fargo are testing $3 charges, and Sun Trust instituted a $5 charge in the summer. This morning on Today, I spoke with Matt Lauer about how to avoid some of these rising fees.

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