Business Services Industry
Pittsburgh Banks Increase Fees for Accounts, Services.
Knight Ridder/Tribune Business News, December, 1999 by Pittsburgh Post-Gazette
Knight Ridder/Tribune Business News
Dec. 11 -- Mellon Bank is raising fees on a handful of accounts and services. Cross-town rival PNC Bank, meanwhile, today begins waiving minimum balances and monthly service charges on newly opened checking accounts as part of a pilot program expected to last at least three months.
Starting Feb. 7, the bounced check fee at Mellon goes from $30 to $35, while the fee for using a non-Mellon automated teller machine bumps up 25 cents to $1.50. Balance inquiries remain free. And certain accounts, such as high-balance "smart" accounts, continue to be exempt from the so-called "foreign" ATM fee.
Elsewhere, the service charge on basic and student checking accounts goes up a buck, to $6 a month. Holders of Mellon's...
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