Black and Hispanic Americans pay twice as much in bank fees as Whites, survey finds

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People of color are paying more than twice the amount in banking fees than White Americans, a Bankrate survey found.

When asked about fees such as ATM, overdraft and routine service charges, Black adults report shelling out an average of $12 a month for checking accounts at banks or credit unions and Hispanics are paying $14 a month, on average. White checking account holders said they are paying an average $5 per month, according to the survey, which was conducted by YouGov. It polled 2,743 U.S. adults, among whom 2,339 were checking account holders, from Dec. 7…

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