Interesting Items: Bank Fees

By Jason Fittler

It was reported in the paper this week that the banks have collected records fees from their clients.

Bank customers are reported to have paid $11.3 billion in fees after a 4.2% increase.

Business carried the brunt of the costs increases while household benefited from a slight fall in fees.

The average household now pays $8.94 per week in bank fees.

Being a shareholder in all of the major banks I can assure you that the dividends I have received along with capital growth far outweigh the fees I have paid.

You will not see me bashing banks.

I will be buying more shares in them.