Citi Hikes Fees on Checking Accounts - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Citi Hikes Fees on Checking Accounts

NEW YORK (CNNMoney) -- The fees keep coming. Citi is the latest big bank to slap customers with a round of fee hikes. This time, on its checking accounts.

Starting in December, customers who hold its mid-level Citibank Account will be charged $20 a month if they fail to maintain a minimum balance of $15,000 in their combined accounts. Previously, account holders had to carry a minimum balance of $6,000.

At the same time, customers who have the bank's EZ Checking account will start being charged $15 a month if they don't carry a minimum balance of $6,000. Citi says it is phasing out the EZ Checking package, which currently carries no monthly fee, and is instead offering customers either the Citibank Account or its Basic Banking account, which also carries a fee.

Last month, Citi said it is hiking the fee on its Basic Banking account from $8 to $10. Customers will be able to avoid paying the $10 fee by either maintaining a minimum balance of $1,500 or by making one direct deposit and one automatic online payment through their checking account each month, said Citi.

Currently, account holders must make five online transactions per month in order to avoid paying the fee and there is no minimum balance requirement.

  • News HeadlinesNewsMore>>

  • Even with Trump warning, Mueller likely to probe finances

    Even with Trump warning, Mueller likely to probe finances

    Thursday, July 20 2017 5:08 AM EDT2017-07-20 09:08:03 GMT
    Friday, July 21 2017 2:00 AM EDT2017-07-21 06:00:07 GMT

    Donald Trump Jr. is scheduled to appear July 26 before the Senate Judiciary Committee along with former campaign chairman Paul Manafort, according to a witness list released by the panel Wednesday.

    Donald Trump Jr. is scheduled to appear July 26 before the Senate Judiciary Committee along with former campaign chairman Paul Manafort, according to a witness list released by the panel Wednesday.

  • Facebook working on way to charge for reading news articles

    Facebook working on way to charge for reading news articles

    Wednesday, July 19 2017 3:08 PM EDT2017-07-19 19:08:10 GMT
    Friday, July 21 2017 1:13 AM EDT2017-07-21 05:13:00 GMT

    Facebook is launching a news subscription product to help publishers make money from the articles people share and read on its platform.

    Facebook is launching a news subscription product to help publishers make money from the articles people share and read on its platform.

  • Rider High School senior receives perfect score on ACT

    Rider High School senior receives perfect score on ACT

    Friday, July 21 2017 12:13 AM EDT2017-07-21 04:13:09 GMT
    Caleigh Studer of Rider High School earned a perfect score of 36 on the ACT test she took in June.Caleigh Studer of Rider High School earned a perfect score of 36 on the ACT test she took in June.

    Caleigh Studer of Rider High School earned a perfect score of 36 on the ACT test she took in June.

    Caleigh Studer of Rider High School earned a perfect score of 36 on the ACT test she took in June.

Powered by Frankly