Citibank is following the lead from some of it's competitors and raising some of it's fees.
Starting in December, the minimum balance for mid-level accounts will go up from $6,000 to $15,000
.
Anyone who doesn't maintain that balance will have to pay $20 a month.
Customers with EZ checking accounts will be charged $15 a month if they don't keep a balance of $6,000.
The bank is also hiking fees on basic banking accounts from $8-$10 a month.
These moves follow similar announcements from Bank of America, Wells Fargo, J.P Morgan Chase, and others.
Close your bank accounts and put your money in a local, member-owned, non-profit credit union. By keeping only 75 dollars in a savings account, I pay no fees at all. Plus, CU members can get cash from ATMs at any credit union and from the ATMs at all the 7/11 stores.
Find a credit union near you at: [Link]