Citibank announces checking account fees

, reports the Los Angeles Times.

Customers can avoid the fees either by maintaining high balances or by downgrading to a basic account and commiting to direct deposit of paychecks along with at least one automatic payment. You could also keep a combined balance of $1,500 in checking and savings to avoid fees.

The news comes on the heels of news that

.

Citi customers, have you received your notice in the mail? How are you going to respond?