Watch for mobile banking app fee2 of 6One of the sneakiest new bank fees is one that some institutions are planning to charge for the use of mobile banking applications on your smartphone, Hermens says. It's sneaky because some banks will work with wireless carriers to add the fees to users' wireless charges rather than including them in your bank statement."By bundling the fees with your wireless charges, banks will be able to avoid looking like they are interested in fees," Hermens says. "One thing to look for is for AT&T and Verizon to raise their costs of wireless when you have a banking app on your iPhone. They are paying your bank fees and collecting them from you, disguised as wireless charges." Related Articles:8 debit card secretsSafe & Sound RatingsMobile banking must-havesABCs of ATMsRelated Links:Avoid growing bank feesCities with high ATM feesAre global banks better?20 savings mistakes advertisement
One of the sneakiest new bank fees is one that some institutions are planning to charge for the use of mobile banking applications on your smartphone, Hermens says. It's sneaky because some banks will work with wireless carriers to add the fees to users' wireless charges rather than including them in your bank statement.
"By bundling the fees with your wireless charges, banks will be able to avoid looking like they are interested in fees," Hermens says. "One thing to look for is for AT&T and Verizon to raise their costs of wireless when you have a banking app on your iPhone. They are paying your bank fees and collecting them from you, disguised as wireless charges."
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