Customers Charged for Sudden Deposits

Here's a bank fee that wouldn't be so bad to pay.

The Bank of New York Mellon is charging customers who've recently made large deposits to their accounts as a result of market uncertainty. Customers will have to pay a portion of the costs to insure their deposits.

Why would you find this fee more palatable than most bank fees? It'd mean you've got a lot of money in the bank -- only customers with more than $50 million are subject to the new fee.

Banks probably think the deposits will come and go just as quickly as the markets change, so they can't plan on using the cash. At the same time, they're responsible for keeping it safe, which isn't a great deal for the bank.

[via TheFinancialBrand.com]