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


vgajic | E+ | Getty Images

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…



Source link

ACM
About Author: ACM
This information is 3rd party content that is added to ACM strictly for non-commercial informational purposes. Information is the Key to Set the Black Mind Free