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Banks Are Still Swimming in Account Fees

By David Hanson and Matt Koppenheffer - Apr 11, 2013 at 9:02PM

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Despite recent legislation to limit some of its actions, the banking industry is still raking in the fees.

The era of completely free checking account appears to heading toward its demise. Despite new regulation and legislation that limits the ability of banks to charge onerous fees on customers, banks like Bank of America (BAC -1.18%) and Wells Fargo (WFC -1.07%) are still making billions of dollars in fees each year.

In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer discuss why these banks charged fees, and if customers can expect the fees to continue. 

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Stocks Mentioned

Bank of America Corporation Stock Quote
Bank of America Corporation
BAC
$34.47 (-1.18%) $0.41
Wells Fargo & Company Stock Quote
Wells Fargo & Company
WFC
$41.66 (-1.07%) $0.45

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