banking

8 great ways to avoid growing bank fees

Understand your bank's strengths
Understand your bank's strengths

Banks might all seem the same, but different banks focus on different types of clients and set bank fees for their services accordingly, says Kingsbury. You may want to mix and match banks based on the rates and services they offer and fees they charge.

"If you want a free checking account or savings account, a local community bank is often a really good option," she says. "But if you want a business account, commercial account or an account where you can deal in different types of services, you'll want a larger commercial bank.

"You don't have to use one bank for all of its different services, and you can go to the bank that offers the services you need for the lowest price," Kingsbury says.

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