In an effort to reduce processing costs, Citicorp has increased the fee it charges for bounced checks to $25 from $15.

Susan Weeks, a Citicorp spokeswoman, said the move on bounced-check fees does not run counter to the company's announcement earlier this year that it would eliminate many fees.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.