PNC and U.S. Bank charge customers $25 for closing their accounts within 180 days of opening them. Chase charges you $25 for shutting down an account within 90 days of becoming a customer.
Feddis said it costs banks about $20 to open a bank account, including the cost of determining that customers are who they say they are and that they can properly manage the account.
"It also supports the cost of the system which allows banks to provide secure, reliable, and convenient payment system which allows people to access their money 24/7 from anywhere in the world by check, debit card, online, etc.," said Feddis.
From avoidable ATM fees to expensive coffee and impulse deal-buying, here are 10 ways you're wasting your money. More
|'Saturday Night Live' writer suspended over 'insensitive' Barron Trump tweet|
|Trump resigned from business before taking office, docs say|
|Trump names Ajit Pai as new FCC chairman|
|President Trump didn't go after China on Day One|
|'Star Wars: Episode VIII' official title revealed|