Cash Management Fees Leveling off, Survey Says; Findings Indicate Charges Are High Enough Now to Cover Costs

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Cash Management Fees Leveling Off, Survey Says

NEW YORK -- The fees banks charge for cash management services rose a modest 2.7% in 1985, a dramatically smaller increase than in the two previous years, according to a survey by a Chicago-based consulting firm.

Companies that pay for operating services by leaving noninterest-bearing deposits at their banks in effect experienced about the same increase in charges, said Anthony J. Carfang, a principal of the firm, Treasury Strategies Inc.

The findings, which were uniform across the country, indicate that large cash management banks believe they have raised prices sufficiently to reflect the explicit costs of …