If you enter a supermarket or convenience store and use your ATM or fake debit card to buy something, you may have opted to get cash back. It’s easier than going to your bank’s ATM on a separate trip to get cash, and many people are figuring that out. But banks don’t like it one bit because they don’t make any money off you when you do this. So, some of the nation’s largest banks are starting to charge junk fees when you use your debit card and punch in your secret code, according to Dow Jones. One in five banks are doing it, and most haven’t even disclosed it to customers. The Federal Reserve has launched an investigation into this, which will probably result in banks having to tell customers what they are doing. So, why would banks not tell you? The banks lost a class action lawsuit last year regarding the violation of anti-trust laws. Banks were forcing merchants to pay them giant fees each time a customer used fake debit cards. The banks were sued and lost. So, they’re scrambling to take either your money or the merchant’s money in any way they can. About 20 percent of banks are charging the fees these days. If you find out your is one of them, ditch it immediately and shop around for another bank.

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In other banking news, you may have heard of stored value cards. The popular artist, Usher, has his own stored value card, for example. These cards are being pushed on consumers at concerts and stores, and they’re touted as offering great deals. But they also come with massive fees for certain transactions. Read up on them before you get one of these cards.