5 Little-Known Bank Fees That Could Cost You a Fortune
Sunday, 28 April 2024, 19:00
5 Hidden Bank Fees to Avoid in 2024
Most people aim to grow their wealth by keeping money in banks, but a slew of hidden fees can erode those earnings. Here are five fees that can dent your profits if you're not careful:
- Maintenance fees: Consider opting for accounts without this fee or ensure you qualify for waivers.
- Early withdrawal fees on CDs: Invest only funds you don't need in the short term or opt for high-yield savings accounts.
- Paper statement fees: Request electronic statements to save a few dollars monthly.
- Wire transfer fees: Explore alternative payment methods to skip these charges.
- ATM withdrawal fees: Stick to your bank's network of ATMs to avoid additional charges.
For a detailed list of bank fees, review your bank's schedule or contact them directly.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.