Citizens Bank of Massachusetts - ATM fees and savings interest
ATM fees/charges - Complaint
MASSACHUSETTS -- Big banks are notorious for charging hapless customers with their fees and charges. The second biggest bank in Massachusetts should be number one in this regard.
The typical savings account with this bank with a deposit of $1000 takes more than 10 years to accrue 10 dollars in interest.
A typical ATM transaction in a non-Citizens Bank ATM for $100 has $4 foreign transaction fee + $3 balance enquiry fees + $3 withdrawal fees. So, customers get less than 0.5% in savings returns over 10 years and the bank gets 10% out of one single transaction.
What kind of services these banks provide?