Government spends $890,000 on fees for empty bank accounts

A woman withdraws money from an ATM.

This final note, in which we learn that Washington gets hit with annoying banking fees just like the rest of us.

The Washington Post reported that the federal government has 13,712 bank accounts with zero balances. When that happens -- as we all know from possibly personal experience -- you start paying service charges.

In this case, $890,000 worth of service charges this year.

Sequester that, right?

About the author

Kai Ryssdal is the host and senior editor of Marketplace, the most widely heard program on business and the economy in the country.


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