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People leaving banks because of new fees

Updated: Sunday, 16 Oct 2011, 3:32 PM CDT
Published : Sunday, 16 Oct 2011, 3:02 PM CDT

JACKSON, Miss. (AP) - Within weeks of each other, the two biggest banks in Mississippi have imposed new fees to make up revenue lost under new regulations. Some of their customers tell The Clarion-Ledger they're looking for new banks - or have switched.

Regions Bank said it will charge $5 a month for using some debit cards at stores. Trustmark National Bank won't charge for debit card use but will charge some checking accounts $5 a month.

Laurie Lewis of Brandon is rerouting money from Regions to BankPlus, which boasts no checking or debit fees. She says she's leaving just enough at Regions to cover automatic loan and bill payments.

Regions Bank, based in Birmingham, Ala., has 15 percent of Mississippi's market share. Jackson-based Trustmark controls about 13 percent of the state market.

---Information from: The Clarion Ledger, http://www.clarionledger.com
 

 

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