Banking » 8 Great Ways To Avoid Growing Bank FeesKnow the rules of bank charges2 of 10New regulations have changed what banks can and can't charge for. You'll receive notice about those fee changes, but you have to open the bank's letters that land in your mailbox. For example, you may receive a note from your bank that your previously free checking account has imposed new monthly fees if you don't maintain a minimum balance.Read the notices sent by your bank so you aren't unpleasantly surprised. "You've got to be an educated consumer," says Kathleen Burns Kingsbury, author of "Creating Wealth from the Inside Out." "You have to take the initiative to understand your accounts."
Banking » 8 Great Ways To Avoid Growing Bank Fees
New regulations have changed what banks can and can't charge for. You'll receive notice about those fee changes, but you have to open the bank's letters that land in your mailbox. For example, you may receive a note from your bank that your previously free checking account has imposed new monthly fees if you don't maintain a minimum balance.
Read the notices sent by your bank so you aren't unpleasantly surprised. "You've got to be an educated consumer," says Kathleen Burns Kingsbury, author of "Creating Wealth from the Inside Out." "You have to take the initiative to understand your accounts."
More On Banking Fees:
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.