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Is it worth it? Calculate
your annual banking fees
• Bankrate.com
Seeing on paper the dollar amount of fees paid
to maintain a checking account can be a bit mind-boggling. So pull
out that bank statement from under the grocery store ads, grab a
pencil and start plugging in the numbers.
Print out the four quarterly worksheets
linked below, plus the year total worksheet. Going month by month,
record your fees. Then total them by quarter on each sheet, and
add up the quarters to see your totals for the year. You may be
surprised by how much money you gave the bank, in addition to letting
them use your money for free all year.
In general, banking habits will
dictate whether the current account is the right choice. It may
be time to shop around.
First
quarter bank fee worksheet
Second
quarter bank fee worksheet
Third
quarter bank fee worksheet
Fourth
quarter bank fee worksheet
Total
bank fee worksheet
-- Posted: Dec. 8, 1998
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