3 Ways to Avoid Banking Fees
Since the enactment of financial regulations and consumer protections, banks have been scrambling to find new ways of charging fees to customers in an attempt to recoup the billions in lost revenue.
Find free checking, second chance checking, digital banks and high-interest savings accounts.
Since the enactment of financial regulations and consumer protections, banks have been scrambling to find new ways of charging fees to customers in an attempt to recoup the billions in lost revenue.
The Financial Times reported that banks stood to collect a record $38.5 billion in fees for customer overdrafts in 2009.
In response to financial regulations and consumer protections banks have introduced fees many consumers are unaware of and it may be costing you money unnecessarily.
Banks may have found a new golden goose in prepaid card fees as they are not regulated under the Dodd-Frank financial overhaul legislation.
Bank overdraft fees and the days of the $35.00 cup of coffee have ended under Regulation E…unless you choose to opt-in to have your bank approve debits.
An electronic transfer account can be used similar to a regular checking account, with the exception of check writing.
Get paid early plus earn a checking account bonus up to $150. Early direct deposit banks let you get your paycheck up to 2 days early.