Why yes, your bank fees are going up ... and there's more to come


Growing up, I always had the sense that a bank was where you'd go if you wanted to make money, not lose it. After all, I remember watching Mary Poppins on TV, and Mr. Banks' song, "Fidelity Fiduciary Bank," where he told his son in song: "If you invest your tuppence wisely in the bank, safe and sound, soon that tuppence, safely invested in the bank, will compound."

Granted, you can still make money at your neighborhood bank, of course. But you can lose a lot of money, too. Even in these recessionary times, and actually because of these recessionary times, bank fees are going up and getting more punitive toward consumers.