Citi Hikes Fees on Checking Accounts - 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>>

  • More LGBT issues loom as justices near wedding cake decision

    More LGBT issues loom as justices near wedding cake decision

    Saturday, May 26 2018 9:33 AM EDT2018-05-26 13:33:35 GMT
    Sunday, May 27 2018 11:06 PM EDT2018-05-28 03:06:19 GMT
    (AP Photo/J. Scott Applewhite, File). FILE - In this Oct. 10, 2017, file photo, the Supreme Court in Washington is seen at sunset. A flood of lawsuits over LGBT rights is making its way through the courts and will continue, no matter the outcome in the...(AP Photo/J. Scott Applewhite, File). FILE - In this Oct. 10, 2017, file photo, the Supreme Court in Washington is seen at sunset. A flood of lawsuits over LGBT rights is making its way through the courts and will continue, no matter the outcome in the...

    A flood of lawsuits over LGBT rights is making its way through courts and that'll continue, no matter what the Supreme Court decides in the case of a baker who wouldn't create a wedding cake for a same-sex couple.

    A flood of lawsuits over LGBT rights is making its way through courts and that'll continue, no matter what the Supreme Court decides in the case of a baker who wouldn't create a wedding cake for a same-sex couple.

  • US Marines' bravery celebrated 100 years after French battle

    US Marines' bravery celebrated 100 years after French battle

    Sunday, May 27 2018 8:04 AM EDT2018-05-27 12:04:22 GMT
    Sunday, May 27 2018 11:05 PM EDT2018-05-28 03:05:46 GMT
    (AP Photo/Virginia Mayo). U.S. Marine Corps soldiers stand beneath the U.S. flag during a Memorial Day commemoration at the Aisne-Marne American Cemetery in Belleau, France, Sunday, May 27, 2018.(AP Photo/Virginia Mayo). U.S. Marine Corps soldiers stand beneath the U.S. flag during a Memorial Day commemoration at the Aisne-Marne American Cemetery in Belleau, France, Sunday, May 27, 2018.

    High-ranking military officials from the U.S., France and Germany have taken part in Memorial Day ceremonies at an American cemetery in northern France to mark the centennial of the battle of Belleau Wood, a key...

    High-ranking military officials from the U.S., France and Germany have taken part in Memorial Day ceremonies at an American cemetery in northern France to mark the centennial of the battle of Belleau Wood, a key moment in Marine Corps history.

  • WWII veteran laid to rest 75 years after dying in battle

    WWII veteran laid to rest 75 years after dying in battle

    Sunday, May 27 2018 10:58 PM EDT2018-05-28 02:58:02 GMT
    Sunday, May 27 2018 10:58 PM EDT2018-05-28 02:58:02 GMT
    Grimm's remains were only positively identified last year using the DNA of his niece.Grimm's remains were only positively identified last year using the DNA of his niece.

    The remains of a 26-year-old Marine who died in World War II were finally laid to rest at home on Saturday. The funeral took place on a very fitting Memorial Day Weekend.

    The remains of a 26-year-old Marine who died in World War II were finally laid to rest at home on Saturday. The funeral took place on a very fitting Memorial Day Weekend.

Powered by Frankly