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
From constantly overdrafting your account to hopping from card to card to collect rewards, these are some behaviors that may attract your bank's attention. More
| Chrysler relents, agrees to recall 2.7 million Jeeps | ||
| U.S. oil boom helps thwart OPEC | ||
| Bond investors bracing for Bernanke | ||
| Tesla announces Model S recall | ||
| Men are disappearing from the workforce |
.
