People of color are paying more than twice the amount in banking fees than white Americans, a Bankrate survey found.When asked about fees such as ATM, overdraft and routine service charges, Latinos are paying $14 a month on average for checking accounts at banks or credit unions, while Black adults report shelling out about $12 a month. White checking account holders said they are paying an average $5 per month, according to the survey, which was conducted by YouGov. It polled 2,743 U.S. adults, among whom 2,339 were checking account holders, from Dec. 7 to 10, 2020.Whites were also more likely to have no-fee accounts, with 79 percent responding they paid no fees. In comparison, 56 percent of Blacks and 50 percent of Latinos had no monthly fees.Americans who saw their income negatively impacted by the coronavirus pandemic also reported paying more in fees than those who weren’t financially hit by the crisis. Those who had a setback had a monthly average of $11 in fees, compared to less than $3 a month for those not impacted, the survey found.“There has been very much an exacerbation of wealth and income inequality during this time,” said Bankrate senior economic analyst Mark


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