The bank is a great place! You put your money in accounts and get to watch it grow if you are careful. Yet, many people give money to their bank all the time, money that is theirs. A bank is a place for you to hold your money, not take it. Here are four bank fees to avoid.
4 Bank Fees To Avoid
Overdraft charges. Honestly, overdraft charges are just a sign of laziness. With today’s online access to our accounts, you should always have knowledge of what is going in, going out, and what your balance is. Do not spend more than you have and everything will be OK.
ATM Fees. Again, many banks have online banking so you should be able to check your balance on your phone. If you need cash, think of that ahead of time and find a partner ATM or branch.
Designer Checks. While it may be nice to have your favorite cartoon character or team on your checks, it is completely a waste of money. Checks are not something you keep, they get cashed. The electric company, your mortgage company, or your landlord could care less about what your check looks like. If you are like me, you write one or two checks a month so the free checks many banks give are good enough.
Credit Card Interest. I am a strong believer in that you should have no credit cards or just one, if you absolutely NEED one. Then if you have one, pay it off every month. Why pay interest on something? If you bought a dress on sale, but then got 8-20 percent interest added because you let your balance carry over, is it still such a great deal?
So, what do you spend money on at the bank that you shouldn’t?