NEW YORK -- TD Bank is hiking a variety of service fees on its checking accounts.
The bank said Thursday the higher fees on wire transfers, certified checks, money orders and stop-payment fees will take effect next month. TD Bank will also start charging $9 after the sixth withdrawal from select savings accounts.
The fee hikes are just the latest unwelcome changes for bank customers. The industry over the past year has cited new regulations in imposing higher fees and scaling back perks on checking accounts.
Customers of TD Bank, for example, already saw their checking account terms change in March, when the bank hiked the monthly fee on its basic checking account to $3.99, up from $3. But the bank offered a $1 discount to customers who opted for online statements.
Customers also are no longer reimbursed for fees they incur at out-of-network ATMs.
TD Bank said in a statement that it chose to hike fees that would have the least impact on customers.
Canadian-owned TD Bank expanded into the Charleston region and other markets in South Carolina through its 2010 buyout of Carolina First. It completed the branding conversion at its six local offices in June.
Although consumers tend to focus on monthly service fees, the changes at TD Bank highlight the numerous ancillary charges customers can incur with checking accounts.
A study by The Pew Charitable Trusts this year found that checking accounts can come with dozens of different fees, many of which can be difficult for consumers to find on bank websites.
To make it easier for consumers to compare such fees, the group has called on federal regulators to require banks to provide standardized fee disclosures on their websites.