The latest postal rate increase of 9% on first class mail could cost the banking industry upwards of $200 million this year, based on the amount banks spent on postage in 1994.

"It could have been a great deal worse," said Irving Warden, an associate general counsel for the American Bankers Association in Washington.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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