Hidden fees in checking accounts: Who's transparent, who's not - FOX 26 News | MyFoxHouston

Hidden fees in checking accounts: Who's transparent, who's not

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ATLANTA -

We already know about some of the fees our banks charge -- the monthly fee, the overdraft charge, out-of-network and minimum balance fees. That's standard stuff. But did you know that the average checking account has 30 fees attached?

That is according to WalletHub, an interactive online financial site. The site often creates ranking systems and this time it's about checking account transparency. We'll take a look at their top checking accounts that they feel make it more clear than others what the fees will be for use of that account.

Number one at 90 percent overall transparency is Capital One. Now, close at 88 percent are quite a few banks which include CitiBank, Compass Bank, JPMorgan Chase, Suntrust, Wells Fargo and Bank of America.

Now what kind of fees are buried in the fine print that you might not know about? Well, a fee to talk to a teller. Yep. There can be a fee for still receiving a paper statement. And fees for basic withdrawals.

So, I'm going say it: READ. THE. FINE. PRINT.

WalletHub surveyed 25 banks, but at the every bottom is M&T Bank which only scored 26 percent for checking transparency. According to the study, M&T Bank, which is not in Atlanta, does not even provide a fee schedule on its Web site.

And others aren't so good either. So, no matter what bank you use it's a good idea to ask about the fees when you sign up.

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