Everyone has gone through the dreadful bank fee situations. Banks are charging more and more money every few years or so with bank fees. These fees are a billion dollar industry to the banks.
The banks love them – and we would like to cast them (the fees) into the sea never to return again.
It seems like every action we take is subject to some kind of fee. It like we can’t turn the corner without some new fee coming to bite us in the backside.
How do we combat the FEE war? Easy. Use your knowledge regarding the differences between banks. You can do your research at BankRate.
BankRate will help you research who offers the least amount of fees. For example, if you don’t want to pay a monthly fee for a checking account, you don’t have to.
There are plenty of banks or credit unions out there that will not impose these ridiculous fees.
Maybe you already have a free checking account, but you’re being plagued by overdraft charges.
Some banks charge up to $35 per overdraft fee, even if you’re only going $1 over what’s available in your account.
Yeah, we all know life is unfair, but How Unfair is that? It’s like the system is designed to take us for all we have.
So let’s design ourselves to get money smart and stop giving away free money.
If you ever get hit with a heavy overdraft fee, call the bank and ask to speak to a representative and ask them if they can reverse the fee for you as a courtesy. Tell them that you were only a tad bit over the limit, and you didn’t realize it at the time. When doing this, you will find that many reps will just go ahead and waive the fee for you.
“Keep on asking, and you will receive what you ask for. Keep on seeking, and you will find. Keep on knocking, and the door will be opened to you.” Matthew 7:7
Banks change their rules all the time so make sure you open any mail from your bank, read it thoroughly, and act as deemed necessary.
Don’t let yourself get hit with surprise fees that come flying out of nowhere.
Stay in the know, and if you don’t like it, look elsewhere.