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ABA survey: most bank customers pay little, no fees

The majority of Americans — 62 percent — pay nothing at all for bank services such as checking account maintenance and ATM access, according to a recent survey by the American Bankers Association. Most bank customers (74 percent) spend $3 or less in monthly fees—less than the cost of a gallon of gas.

The annual survey of 1,000 U.S. adults was conducted for ABA by Ipsos Public Affairs, an independent market research firm, Aug. 7-12, 2014. ABA has conducted the survey annually since 1998.

Notably, the number of people who said they pay nothing in bank fees increased 7 percent in the last year, while those who reported paying $10 or more per month decreased 7 percent over the same period. 

To read the entire release and survey results, click here.

 

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