Banking » 8 Great Ways To Avoid Growing Bank FeesChange your checking account7 of 10Some banks that offered free checking accounts are moving to paid, but if you can make do with fewer services or higher minimums, you might still be able to snare fee-free offerings."If your bank is now requiring you to have an extra $500 in your checking account rather than savings to get free checking, you should consider doing that if you can afford it. You're certainly not giving up very much in (savings account) interest earnings in this environment," Weston says.Similarly, you may be willing to limit the number of transactions you make or turn down free checks to avoid monthly fees. "See if you can adapt your behavior to match what your bank wants," Weston says.
Banking » 8 Great Ways To Avoid Growing Bank Fees
Some banks that offered free checking accounts are moving to paid, but if you can make do with fewer services or higher minimums, you might still be able to snare fee-free offerings.
"If your bank is now requiring you to have an extra $500 in your checking account rather than savings to get free checking, you should consider doing that if you can afford it. You're certainly not giving up very much in (savings account) interest earnings in this environment," Weston says.
Similarly, you may be willing to limit the number of transactions you make or turn down free checks to avoid monthly fees. "See if you can adapt your behavior to match what your bank wants," Weston says.
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