Final Note

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

Kai Ryssdal Apr 25, 2013
HTML EMBED:
COPY
Final Note

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

Kai Ryssdal Apr 25, 2013
HTML EMBED:
COPY

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?

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.