Bank ATM Fees and the Cost of Your Money

How Banks Nickel-and-Dimed $32.5 Billion From Consumers Last Year

By Sean Williams

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Photo Source: Flickr user David Goehring.

There aren't many necessary evils in life, but banks seem to fit the bill pretty well.

According to a survey conducted by Ebiquity on behalf of public relations and communications firm Makovsky in May, of the 225 banking executives the study examined more than 80% believe the financial crisis in 2008 is still negatively affecting their reputation. Scott Tangney, vice president of Makovsky, in an interview with CNNMoney stated his belief that banks lost 27% of their revenue within the past two years because of reputation problems...

 

Read the complete article at The Motley Fool!

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