Reversing a trend that began in the mid-1990s, big banks are imposing new fees on their least-profitable customers — those who want just a bare-bones checking account.
Those who can’t maintain fat balances, or who don’t use other services that would make them more lucrative to a bank, probably will need to cough up about $100 a year if they want to stay put.
But bank and credit union officials in Spokane say they have no immediate plans to eliminate free checking, even though pending Federal Reserve Bank regulations may force them to reconsider.
For details, read our coverage this weekend in Sunday Business.
The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.
Tom Sowa Tom Sowa covers technology, retail and economic development and writes the Office Hours blog.
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John Stucke John Stucke's primary coverage areas include health care, agriculture and the labor market.
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Becky Kramer Becky Kramer covers the environment, natural resources and utilities.
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Alison Boggs Online Producer Alison Boggs posts and manages content on spokesman.com and its social networking accounts.
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Scott Maben Scott Maben is a Deputy City Editor who covers North Idaho news and higher education.
Addy Hatch is the city editor, and formerly was business editor.
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