7 financial habits that increase bank fees
Financial habits that increase bank fees
If you're not careful, everyday tendencies can trigger bank fees that drain your cash.
For example, withdrawing more money from your account than you have can trigger costly fees, which have grown in recent years. In fact, overdraft fees, also known as nonsufficient funds fees, rose this year by 1.7 percent to an average of $32.74, according to the 2014 Bankrate Checking Survey.
However, many of these fees are caused by missteps we often make. In fact, the most common bank fees are surprisingly easy to avoid.
Here, experts identify financial patterns that can lead to increased bank fees. Read on to learn what you can do to reverse those habits and avoid hefty charges.