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Black and Latino Americans Pay Twice as Much in Bank Fees

According to a new Bankrate survey conducted by YouGov, Latinos and Black Americans pay more than twice the amount in banking fees that white Americans do. When asked about fees such as ATM, overdraft, and routine service charges, Latino respondents said they paid $14 per month on average for checking accounts at banks or credit unions, while Black respondents said they paid $12 a month. The average for other respondents was $5 per month. The survey polled 2,743 adults in December, and among th...
United States Mark Hamrick Alma Sacasa Pay Twice As Much In Bank Fees Coalition Of Community Development Financial Institutions Federal Reserve

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