Maximize online benefits5 of 7Due to the costs associated with paper statement processing, many financial institutions now charge a monthly paper statement fee, says Anthony Pili, vice president of marketing and sales at Palisades Federal Credit Union in Pearl River, N.Y. If your bank charges this fee, ask to receive only e-statements and you'll save a few dollars each month."E-mail and text-alert features are a great way to stay on top of your account," says Winston. "You can get an alert for anything." A few popular choices are direct deposit alerts, minimum balance notifications and overdraft alerts.« Back to the 2011 High-Yield Checking Survey. Related Articles:Online banking benefits4 tips to thwart ATM thievesOverdraft protectionAvoid checking feesRelated Links:Debit Card Rewards surveyChecking account tipsFree checking? Not likelyPrepaid card? Don't overpay advertisement
Due to the costs associated with paper statement processing, many financial institutions now charge a monthly paper statement fee, says Anthony Pili, vice president of marketing and sales at Palisades Federal Credit Union in Pearl River, N.Y. If your bank charges this fee, ask to receive only e-statements and you'll save a few dollars each month.
"E-mail and text-alert features are a great way to stay on top of your account," says Winston. "You can get an alert for anything." A few popular choices are direct deposit alerts, minimum balance notifications and overdraft alerts.
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