An Inside Look at One Bank’s Schedule of Fees

Bank fees are much-discussed as a revenue source in the current low-interest rate environment. Bank of America, for example, serves as the public whipping boy whenever its fees catch the public’s attention, which has led that bank to be more careful when new fee structures are considered.

But though much discussed, banks’ schedules of fees are still often dark spots on the map. Consumers — even on the commercial side — usually don’t know about various fees until they appears on their bank statement.

To shine a light onto this, Bank Innovation has obtained the schedule of fees from a smaller bank and is publishing them here, without revealing the name of the bank in question. What we will tell you is that the bank is based in New York and has about $500 million of assets. In other words, this is just your run-of-the-mill small American bank.



Which fees seem egregious? Is $3.00 for a dormant account (inactive for 24 months) too much, or fair enough? $100 for account reconciliation — online? We’ll let you be the judge.





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Philip Ryan is Senior Editor of Bank Innovation and Senior Director of INV Fintech. He began covering financial services in 2012 and has more than 15 years' experience in online journalism, which makes him quite old. He can be reached at

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