Saving Money: Bank Fees

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Saving Money: Bank Fees

I saved some money this morning by finally getting around to doing something I've been wanting to do for a while now. I have two "free checking" accounts with a bank and they've been fine (meaning truly free) for about 10 years now.

So suddenly the one starts tacking a $5/month fee on. Totally free checking? No more apparently! So I had to go into the brick and mortar office and see what was going on. Turns out the "mother bank" made some big changes to all the branches and if I hadn't gone in, the second account would have also started taking $5/month in December! :-(

They found the best account option for me and I'll be saving that $10 a month. I had planned to just empty the one account with a check for the balance, but then I wondered if that would cause overdraft fees from the second account when they went to remove the $5 and it wasn't there. (Found out it would have!)

I'm thinking right now that the worse the economy gets for individuals, the more businesses start with the "additional fees" so that they don't lose money themselves... which makes the individual's financial health even worse. Huge vicious cycle!

Thanks for telling us your story. I am going to be careful with bank fees now since they can be sneaky.

You're welcome, leahcim. I think the most important thing is that if you see it starting, don't wait like I did. I *saw* that $5 deduction the first time and didn't take the time to wonder why it was there. Not sure what I was thinking, actually. :-)

But then it came off again the next month, so I'd already lost $10 for not asking about it the first time. It really would have gone on until the account was emptied if I hadn't gone in there. It doesn't seem like a very stable bank any longer, but at least they're not robbing me blind now.

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what i dont understand is the media jumps on stories of individuals that are complaining that theyre getting ripped off and the news eats this story up and of course overinflate the facts personal loan quote puts no obligation on the borrower <a href="http://www.paydayloanfor.com/">payday loan</a> another important feature of bad credit loans for self employed is that the rate of interest that borrower has to pay is higher also the lender will not loan the borrower cash if he has more than one payday loan pending the credit ratings are remarks given by your previous creditors based on your repayment history

Saving Money: Bank Fees | ConsumerFu

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