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Banking Fees

admin — Sat, 06 Feb 2010 19:53:59 +0000

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

admin — Wed, 22 Apr 2009 17:03:19 +0000

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...