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Return To Checks Article Archive   Search the Article Archives Bank Charges Are A Real Money Killer! By Joe Hanoa Some of the most difficult things for consumers to swallow are the various bank charges out there. If you arent aware of them, you could be hit with various fees and charges every month that can wreak havoc on your finances. Are bank fees getting to you? Are you aware of what you are paying every month? Read on and well explore some of the nasty fees out there and what you can do about them! Many banks charge for checking accounts and the way they assess these charges varies from bank to bank. Some examples include: If your balance falls below a certain amount in any given month, youll be charged $10, $12, even $14 in monthly maintenance fees for that month! If your account is overdrawn and you dont have an overdraft checking account plan in place, expect to be penalized $29 or more per infraction. Whats more, expect your credit rating to nosedive if this happens more than one time. In some cases banks will even charge you money if you see a live teller! Yes, walk up to a teller to deposit your money and you could be charged $1 or more per transaction. What the bank is really telling you is that they want you to use their ATM. Some banks waive or reduce fees if you have a savings account with them that is linked to your checking account. Trouble is, most of these accounts pay a paltry 2 or 3 percent interest. In addition, the funds sitting in your checking account do not earn interest either. If you use your ATM card at a machine that isnt part of your banks network, plan on paying a fee to that separate network. In addition, your own bank pay charge you a fee for going out of network. Do you really want to pay 3 or 4 dollars just to get $20 from a foreign ATM? I doubt that! Instead of paying through the nose every month, consider switching your funds to another bank or to a credit union. One famous bank will allow you to open up a checking account for just $1 and not charge you a monthly maintenance fee even if the funds drop to $0.01. Shop online for the best deal and check your current bank statement for unexplainable fees. Visit your local bank and ask them to reverse any spurious charges. About the Author: Joseph is the proud owner of Mortgage Tricks, a website that will explain everything you need to know about Getting a Mortgage. We invite you to visit our site today and see what we have to offer. keywords: Checks | Check | Banking

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