Found out my bank charges $3 a month for paper statements - is that a fee or a nudge?

I was looking through my account fees last week and saw a $3 charge for mailed statements. It makes me wonder if banks are trying to help us save or just nickel-and-diming us into going paperless. What do you all think, is it worth paying for paper or should we just switch to digital?

3 comments

3 Comments

jana_hart1810d ago

Is it just me or does it seem like everything these days has a fee attached to it? I had a similar thing happen with my electric company last year. They started charging $2.50 for paper bills and I didn't notice for six months. By that time they had taken $15 out of my account. I called them up and they said it was to encourage people to go paperless and save trees. But come on, a fee is a fee no matter how they dress it up. I ended up switching to digital anyway because I didnt want to keep paying it. But it still rubs me the wrong way that they sneak these charges in.

nancy81710d ago

That $2.50 paper bill fee is exactly the kind of thing that gets me. A bank near me started charging $5 a month just to have a teller help you with a deposit. They called it a "personal service fee" and didn't tell anyone until the charges showed up on statements. It's like they hope you won't notice the small amounts adding up over time.

ray_campbell4610d ago

Had my bank slip in a $2 fee for paper checks last year. Honestly, I'm still finding random charges from five years ago when I actually sent a check - at this rate I'm gonna need a loan just to pay my statement fees.