By Jim Donovan: If you’re a customer of Citizens Bank, beware of some new fees that are coming down the pike.
Beginning on December 5th Citizens Bank customers who have a Personal Green Checking account will now be charged a monthly fee of $4.99 unless they make at least five payments a month using the account or if they maintain at least a $1,500 average daily balance. Those payments can include ATM withdrawals.
Also Citizens will start charging a $2 monthly fee for paper statements, although customers under age 18 or 65 and older will be exempt from the charge.
Finally, the monthly charge for a paper statement with check images will increase to $3 monthly.
These fees come in the wake of new federal laws related to overdraft charges. Citizens and other banks are now trying to make up the revenue lost when those laws went into effect.