Some banks are raising minimum balance requirements without warning, leaving seniors surprised when new monthly fees appear on their statements. Retirees who have held the same accounts for years say they were never clearly notified about the changes. These new thresholds often take effect at the start of the year, when many older adults are already juggling higher winter expenses. For seniors on fixed incomes, even a small monthly fee can disrupt a carefully planned budget. Understanding why banks are making these adjustments helps retirees stay ahead of unexpected charges.
