Banking » 8 Great Ways To Avoid Growing Bank FeesAdd services to reduce fees5 of 10Most banks want you to use as many of their services as possible, and they'll give you free perks for doing so. Many of those services won't bring additional bank fees and can help you get the free checking account and savings account you want, says Weston."Things like direct deposit, online-only banking and paperless statements help banks," she says. "These are all things that can raise you just a bit in the hierarchy of profitable customers."For example, Wells Fargo will waive its monthly account fee on its everyday checking account if you sign up for direct deposit; Citibank allows you to waive its monthly fee if you exceed a combined average balance among several accounts, from checking and savings to retirement.
Banking » 8 Great Ways To Avoid Growing Bank Fees
Most banks want you to use as many of their services as possible, and they'll give you free perks for doing so. Many of those services won't bring additional bank fees and can help you get the free checking account and savings account you want, says Weston.
"Things like direct deposit, online-only banking and paperless statements help banks," she says. "These are all things that can raise you just a bit in the hierarchy of profitable customers."
For example, Wells Fargo will waive its monthly account fee on its everyday checking account if you sign up for direct deposit; Citibank allows you to waive its monthly fee if you exceed a combined average balance among several accounts, from checking and savings to retirement.
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.