Report: Twin Cities bank fees among lowest in the nation - Bring Me The News

Report: Twin Cities bank fees among lowest in the nation

Bankrate.com, which tracks thousands of financial institutions in the U.S., found the average ATM fee is $2.15 per transaction -- the second lowest in the nation.
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Bankrate.com, which tracks thousands of financial institutions in the U.S., found the average ATM fee is $2.15 per transaction -- the second lowest in the nation.

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Twin Cities ATM fees lowest in US

Banks charge an average of about $2.20 in the Twin Cities to people who pull cash from an automated teller machine that is outside their own bank's network. That compares to the nationwide high in Denver of $2.80, MPR reports. Customers often get hit with yet another fee, charged by their own bank for using an out-of-network ATM. That average charge of $1.58 in the Twin Cities is about mid-way between the nationwide high and low for that fee.

U.S. Bank latest bank to raise overdraft fees

U.S. Bank is bumping up overdraft fees for all its accounts beginning June 29, the Minneapolis-based bank confirmed Wednesday. The bank's new $35 overdraft fee brings it in line with the country's biggest financial institutions, including Bank of America, Huffington Post reports. Bank officials note that the 15 million-customer bank is eliminating one other fee and lowering yet another.

Minnesota among states with the lowest teen birth rate

The number of teen pregnancies in the U.S. reached its lowest point on record in 2010. In fact, the CDC reports births by mothers of all ages dropped for the third straight year. Minnesota had the 8th lowest rate per 1,000 teenage girls.

Free checking returns to TCF Bank

Wayzata-based TCF Financial Corp. says it is eliminating monthly account maintenance fees for all customers, regardless of minimum balance, direct deposit or transaction level requirements. The Business Journal notes TCF Bank began charging fees in early 2010 after new federal regulations were expected to reduce revenue from overdraft fees.

Seven Twin Cities high schools ranked among nation's best

Southwest High in Minneapolis was the top-ranked Minnesota school in a listing of the nation's 500 best high schools. U.S. News and World Report looked at teacher-student ratios, college readiness, and math and reading skills. Six other Twin Cities-area schools made the list.