$33 billion in bank fees charged in 2022

https://bankscreener.com/bank-fees-what-you-need-to-know/

by pcvetkovski • 3 years ago

2 6 3 years ago

bankscreener.com

pcvetkovski• 3 years ago

JPMorgan Chase, Wells Fargo and Bank of America charged $15 billion in bank account fees.

JumpCrisscross2• 3 years ago

late payment fees

This figure seems to cover lending-related fees. Would be cleaner to see only checking and debit-card fee figures. (Also, to see that figure net of interest income. Total revenue of about $100 per person per year seems reasonable to maintain a bank's transaction platform.)

taeric2• 3 years ago

I was curious if this would include the likes of closing costs. Loan servicing fees and the like. Is still an absurdly large number, but I agree a better breakdown would be nice.

JumpCrisscross2• 3 years ago

Is still an absurdly large number, but I agree a better breakdown would be nice

For a country of 300 million, it comes to about $100 per person. It's large, but not absurdly large. (As in, it's in the right order of magnitude.) Particularly if it includes lending fees.

kmos17• 3 years ago

We are truly living in a neo capitalist feodal system. Chase is the worst, why do they still only pay out a miserly 0.01% interest when so many other banks have raised savings rates along with the feds offering 4-5% interest on basic savings accounts? They have grown way too large and monopolistic.

$33 billion in bank fees charged in 2022

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