Massachusetts Residents Stung by Sneaky Bank Fees That Are Quietly Draining Your Wallet
BOSTON — If you’ve checked your bank statement recently and noticed a few extra dollars missing, you’re not alone. Consumer advocates in Massachusetts are sounding the alarm over a surge in hidden fees from major regional banks, including surprise overdraft charges and monthly maintenance costs that kick in without warning. For the average family, this could mean an unexpected $25 to $40 siphoned out every month—adding up to nearly $500 a year. The trick? Banks are changing fine-print rules for "minimum balance" requirements, often hitting accounts that dip just a dollar below the threshold. Your move: Check your account terms today, and consider switching to a local credit union or online bank that offers no-fee checking. Don't let a sneaky fee wreck your grocery budget.