Minimum-balance fees2 of 8Every bank and credit union has different levels of checking and savings accounts -- each with their own minimum balance requirements. It's important to find out what those are with your new financial institution to avoid being hit with monthly service charges."Usually, the takeover bank is bigger," says Bedda D'Angelo, president of Fiduciary Solutions, a financial planning company based in Durham, N.C. "Bigger banks typically have bigger and more fees." Related Articles:Choosing a community bankSafe havens for your savingsBank accounts gone wildRelated Links:3 ways to boost your net worthCheck your bank's safetyCalculate the effects of inflation advertisement
Every bank and credit union has different levels of checking and savings accounts -- each with their own minimum balance requirements. It's important to find out what those are with your new financial institution to avoid being hit with monthly service charges.
"Usually, the takeover bank is bigger," says Bedda D'Angelo, president of Fiduciary Solutions, a financial planning company based in Durham, N.C. "Bigger banks typically have bigger and more fees."
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