The fact is, banks are still working to recover from the estimated $10 billion hit to revenue as a result of new laws and regulations.
“If the theme of 2011 was fee reorganization, 2012 is going to be all about structuring a new fee foundation,” said Alex Matjanec, co-founder of MyBankTracker.com.
Already, a checking-account customer may be charged as many as 49 different fees — and that’s just the median number of fees, according to a study by the Pew Institute of 250 types of checking accounts offered by the 10 largest U.S. banks.
