Is Your Bank Taking You to the Bank

IS YOUR BANK TAKING YOU TO THE BANK 10 SNEAKY FEES FOR PERSONAL CHECKING & SAVINGS ACCOUNTS Watch how these basic fees can add up to hundreds of dollars a year for someone with a simple checking and savings account! MAINTENANCE FEE $12.50 X 12 MONTHS = $150 It's not uncommon for banks to charge a monthly MAINTENANCE FEE $150 for low balances in checking accounts, usually between $10-15. INACTIVITY FEE $10 X 12 MONTHS = $12O INACTIVITY FEES can be around $10 or more per month after a year (sometimes less) of not using your checking account. $120 ADDITIONAL WITHDRAWAL FEE $5 X 10 INSTANCES = $50 Withdrawing money from your savings account more than 6 times a month will result in an $50 ADDITIONAL WITHDRAWAL FEE of around $5 per instance. ONLINE BILL PAY FEE $9 X 12 MONTHS = $108 Even if you don't regularly use it, you may be charged for using ONLINE BILL PAY. This fee is often $8-10 $108 per month. PAPER STATEMENTS FEE $3 X 12 MONTHS= $36 Don't think you can get away from fees by not using online bill pay. PAPER STATEMENTS will cost you $1-5 a month $36 per account. CLOSED CLOSING ACCOUNT FEE ONE TIME FEE CLOSING YOUR ACCOUNT within the first 180 days (or so, depending on your bank) will result in a fee of around $25. $25 ATM T: ATM FEE $2.50 X 12 USES = $30 When you use an ATM that isn't your bank's, a fee of around $2.50 will typically be applied to your account each time. $30 DOMESTIC WIRE TRANSFER FEE $20 X 12 TRANSFERS = $240 WIRE TRANSFERS can cost between $10-30 each time. $240 NEW CHECKBOOKS FEE $15 X 3 CHECKBOOKS = $45 CHECKS typically cost around $15 if you are an active checkbook user and need to replace them regularly. $45 10 OVERDRAFT FEE $35 X 6 OVERDRAFTS = $210 OVERDRAFT FEES can be as much as $35 each time your $210 checking account is over-drafted. In just one year, that's a total of $1,014 in possible sneaky bank fees. With the paltry interest many banks are paying these days, that can make for a pretty good year for the bank.. and a pretty bad year for you! COMPARE THE BEST HIGH INTEREST RATE ACCOUNTS FROM THE NATION'S TOP BANKS AND CREDIT UNIONS WITH NO OR LOW MONTHLY FEES AT: DepositAccounts.com