Have you recently withdrawn cash from an ATM and been charged a fee over $4.00? Bank fees have been rising over the past few years. ATM fees, deposit fees, transaction fees, insufficient funds fees, annual fees, inactivity fees, and more. And believe it or not, banks have no regulatory limit on the amount or number of fees that are charged. And you can expect costs to rise in the future.
But there are things that you can do to save money on banks. Read on…
Shop Around for Better Banking Deals
Financial advocates often recommend using a credit union instead of a bank for your credit needs. Use a local credit union, or use a nationwide one such as Consumer’s Credit Union or Alliant Credit Union. There is a credit union location here.
Do you get around 0.1% at your bank for an savings account interest rate at your current bank? You could do a lot better at an internet-based bank. Such banks are perfectly safe and you will be insured for up to $250,000 per bank. But you can earn an interest rate of 2% or more at an internet-based bank. You can search for savings account rates here.