Save Money By Avoiding Unnecessary Bank Fees

« « Beware of The Rigged Game of Casino Slot Machines | Avoid Common Credit Card Pitfalls » »

Subscribe To Our Feed

Is your bank one of those the government decided is “too big to fail”? Even if it is not quite that huge, it probably has still enjoyed the benefit of easy access to hard-earned taxpayer money. So. are you outraged at being forced to contribute to your bank’s profits as well as to the more than comfortable lifestyle of its executives? If not, consider some things you can do to keep from giving your bank easy profits.

Check out the fine print in your account regulations and look for the now common fees that banks charge for almost any service. Some of them charge you for the “privilege” of speaking with a teller! There are charges for failing to keep a minimum balance, charges for simple transactions that should be free–like the receipt (not the sending) of a wire transfer, and those outrageous ATM charges.

Did you realize that every time you pay an ATM fee of anywhere from $1.50 to $2.50 in order to withdraw $40 from your account, you are paying a higher interest rate than the bank pays you for their highest yielding CDs? If you pay $2.00 to withdraw $40, that’s an easy 5 percent profit going to your banker straight from your own money that you are probably already paying other fees on.

Many banks do not charge ATM fees if you use a machine that is in their system. So, plan your cash requirements ahead of time so you can get cash at your bank or from one of your bank’s ATMs rather than paying out the nose for the convenience of using a high priced ATM outside your bank’s system.

How often do you buy new checks for your account? If checks are purchased from the bank, you are creating profits that they are willing to gobble up. Do you know you can buy personal checks online safely and cheaply? Via a good online source, you can get a much wider variety of check designs than your bank offers.

You can save money on new checks and also express your own individuality or interests every time you write a check. Whether your interest is animals, sports, history, collecting, environmental issues, and many other topics, you can find checks to reflect your interests or raise awareness for your favorite causes by purchasing them online. Some of the most popular check designs include frog checks. By ordering checks online, you will save money, get a great selection to choose from, and deny a banker an easy buck.

Get Social, Bookmark Us!!: These icons link to social bookmarking sites where readers can share and discover new web pages.