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

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…