You need to have various types of financial accounts in order to make sure you’re getting the most out of your money, and positioning yourself optimally for the future. For example, you’ll want to have an IRA to provide you with the ability to take charge of your retirement saving plans. And you’ll need a checking account (and probably a savings account) in order to manage the flow of money both in and out of your various accounts.
Unfortunately, truly free bank accounts are relatively hard to come by, so it’s important to manage the applicable fees carefully.... Articles Tagged ‘banking fees’
Banking Advice On How To Reduce Or Eliminate Banking Fees
You need to have various types of financial accounts in order to make sure you’re getting the most out of your money, and positioning yourself optimally for the future. For example, you’ll want to have an IRA to provide you with the ability to take charge of your retirement saving plans. And you’ll need a checking account (and probably a savings account) in order to manage the flow of money both in and out of your various accounts.
Unfortunately, truly free bank accounts are relatively hard to come by, so it’s important to manage the applicable fees carefully....
Friday, January 8th, 2016
You need to have various types of financial accounts in order to make sure you’re getting the most out of your money, and positioning yourself optimally for the future. For example, you’ll want to have an IRA to provide you with the ability to take charge of your retirement saving plans. And you’ll need a checking account (and probably a savings account) in order to manage the flow of money both in and out of your various accounts.
Unfortunately, truly free bank accounts are relatively hard to come by, so it’s important to manage the applicable fees carefully.... How To Get Your Bank To Waive Account Fees
In recent years it’s become difficult to earn very much money on your savings and checking accounts. In fact, even in the highly competitive marketplace to provide banking services, it can seem like banks are willing to compete with one another on virtually every aspect besides interest rates.
But not making very much interest is only part of the story. What can make things worse is to have to pay fees on your account. Sometimes these fees may be due to a mistake you’ve made (such as allowing your account to become overdrawn). Sometimes these fees are imposed by the...
Friday, August 21st, 2015
In recent years it’s become difficult to earn very much money on your savings and checking accounts. In fact, even in the highly competitive marketplace to provide banking services, it can seem like banks are willing to compete with one another on virtually every aspect besides interest rates.
But not making very much interest is only part of the story. What can make things worse is to have to pay fees on your account. Sometimes these fees may be due to a mistake you’ve made (such as allowing your account to become overdrawn). Sometimes these fees are imposed by the... Tips for Choosing the Right Bank Account
Choosing a bank account can be challenging. There are many types of accounts, and each account comes with benefits, and potential drawbacks. Some accounts require minimum balances and incentives for high balances. Others are more suited for day to day accounts that support bill pay and transfers.
The company you bank with may impact your decision as well. For example, you may prefer a local bank or credit union over a national bank. Before you start researching accounts and banks, decide what you want to accomplish. What is the bank account for and what are your goals for the...
Thursday, February 5th, 2015
Choosing a bank account can be challenging. There are many types of accounts, and each account comes with benefits, and potential drawbacks. Some accounts require minimum balances and incentives for high balances. Others are more suited for day to day accounts that support bill pay and transfers.
The company you bank with may impact your decision as well. For example, you may prefer a local bank or credit union over a national bank. Before you start researching accounts and banks, decide what you want to accomplish. What is the bank account for and what are your goals for the... Is Your Bank Reducing Your Savings Balance With More Fees?
With banks and credit unions paying such low interest rates on savings accounts, it seems like it’s more difficult than ever to grow the balances in our accounts. Adding to the challenge of increasing the value of your savings account is the fact that many banks are starting to impose new fees on some types of savings accounts.
In addition, in light of recent legislation that regulates and prohibits banks from charging certain types of fees, or fees above certain amounts, some banks have created new fees in order to replace those lost fees.
Here are some ways that your...
Monday, November 19th, 2012
With banks and credit unions paying such low interest rates on savings accounts, it seems like it’s more difficult than ever to grow the balances in our accounts. Adding to the challenge of increasing the value of your savings account is the fact that many banks are starting to impose new fees on some types of savings accounts.
In addition, in light of recent legislation that regulates and prohibits banks from charging certain types of fees, or fees above certain amounts, some banks have created new fees in order to replace those lost fees.
Here are some ways that your... How to Compare Checking Accounts and Find the Best One for You
Did you know that the checking account dates all the way back to the early 1500s? It has come a long way since then, but it’s still based on the same idea: the bank holds the depositor’s money and distributes it on demand.
Today’s banks are much more complex than they were back then, and so are checking accounts. They come with various features and fees, and are often combined with other types of accounts. A single bank may offer numerous types of checking accounts, and some individual banks offer features that can’t be found elsewhere.
All of these options are...
Tuesday, September 13th, 2011
Did you know that the checking account dates all the way back to the early 1500s? It has come a long way since then, but it’s still based on the same idea: the bank holds the depositor’s money and distributes it on demand.
Today’s banks are much more complex than they were back then, and so are checking accounts. They come with various features and fees, and are often combined with other types of accounts. A single bank may offer numerous types of checking accounts, and some individual banks offer features that can’t be found elsewhere.
All of these options are... Banking Fees Continue to Rise
Banks are in business to make money. They accomplish this in a couple of different ways. First off, they earn interest on the money that they loan out. They pay part of this interest to their customers who have money market accounts, CDs and other interest-bearing accounts. They also make money from the fees they charge customers for things like checking account maintenance, ATM withdrawals, overdrafts and cashier’s checks.
It’s no surprise that banks rarely lower their fees. But fees have been on the rise lately due to lower profits. The recently passed Great Recession and Credit Card Act includes...
Monday, July 25th, 2011
Banks are in business to make money. They accomplish this in a couple of different ways. First off, they earn interest on the money that they loan out. They pay part of this interest to their customers who have money market accounts, CDs and other interest-bearing accounts. They also make money from the fees they charge customers for things like checking account maintenance, ATM withdrawals, overdrafts and cashier’s checks.
It’s no surprise that banks rarely lower their fees. But fees have been on the rise lately due to lower profits. The recently passed Great Recession and Credit Card Act includes... Banking Fees
Like any other business, banks are out to make money. Traditionally, they have accomplished this by lending money that's on deposit and collecting interest on it. But as you probably know if you have any type of bank account, banks also make a significant amount of money by charging their customers fees.
Many customers sign up for free checking accounts in an effort to avoid fees. These accounts do not pay any interest, but there are no monthly maintenance fees and usually no minimum balances. But few “free checking” customers actually get by without ever paying any type of fee....
Saturday, February 6th, 2010
Like any other business, banks are out to make money. Traditionally, they have accomplished this by lending money that's on deposit and collecting interest on it. But as you probably know if you have any type of bank account, banks also make a significant amount of money by charging their customers fees.
Many customers sign up for free checking accounts in an effort to avoid fees. These accounts do not pay any interest, but there are no monthly maintenance fees and usually no minimum balances. But few “free checking” customers actually get by without ever paying any type of fee.... Watch Out for Banking Fees
As we all know banks have been hit very hard with the economic downturn and they are searching for more and more “nickel and dime” charges to pass along to consumers to increase their earnings.
Here are some suggestions for avoiding two of the more common fees that banks assess:
Don't use another bank's ATM. Over 99% of ATM's now impose a surcharge that now averages almost $2.00 on cash withdrawals if you are not a customer of theirs. To avoid these ever-growing fees, use your debit card to make a purchase, and just ask for cash back.
Keep your check book...
Wednesday, April 22nd, 2009
As we all know banks have been hit very hard with the economic downturn and they are searching for more and more “nickel and dime” charges to pass along to consumers to increase their earnings.
Here are some suggestions for avoiding two of the more common fees that banks assess:
Don't use another bank's ATM. Over 99% of ATM's now impose a surcharge that now averages almost $2.00 on cash withdrawals if you are not a customer of theirs. To avoid these ever-growing fees, use your debit card to make a purchase, and just ask for cash back.
Keep your check book... 
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