The Return of Bank Fees

I know, I know. The headline is misleading. For those of you with checking accounts at large banks, you're probably noticing that bank fees haven't gone anywhere in the past few years. But it's probably intelligent preparation to expect things to get worse. One of the most enduring effects of government legislation is the law of unintended consequences. Recently, the Dodd-Frank Bank Bill passed, reducing the amount of fees banks are allowed to receive from certain types of debit and other transactions. For banks like Wells Fargo, JP Morgan, Citigroup, and Bank of America, this means billions in lost revenue. So my question to you is this--Do you think that the banks will rest on their laurels and suck up the billions in losses, or do you think that they're going to try and make that money up somewhere? While 'free checking' accounts may still exist nominally, expect banks to come up with new crazy restrictions to nickel and dime (or more literally, $2 and $3) you. Miranda Marquit of the website Bargaining offers a good overview of what's to come. Check out her work here: http://www.bargaineering.com/articles/coming-bank-fees-bank-fees-bank-fees.html#more-7032