Comments on: How to Minimize Bank Account Fees

By: Anonymous

Anonymous — Sat, 17 Sep 2011 22:42:03 +0000

I am hoping someone might have some type of answer…

HOW DOES THE BANK CHARGE ME $5.00 AS A ‘PAPERLESS FEE’ WHEN THEY ARE SAVING MONEY?????

By: mikestreb

mikestreb — Wed, 17 Mar 2010 15:47:00 +0000

My debit card gets torn up in my wallet. It finally began to crack, so I emailed my bank to have them send a new one. They tried to squeeze a $5 ‘new card fee’ out of me.

Here is a screenshot of the back and forth…
http://www.freedomtax.us/debitcard.jpg

By: Chris

Chris — Mon, 28 Dec 2009 22:29:21 +0000

Many big bank atms now take all kinds of currency and checks and scan them on the spot.

By: Chris

Chris — Mon, 28 Dec 2009 22:28:24 +0000

You should see what happens when it goes off in the bank….on the floor.

By: Shock

Shock — Wed, 09 Dec 2009 04:33:37 +0000

ATMs aren’t just for withdrawals. Mega bank ATMs allow for deposits too. If you get a rebate or gift check, depositing it via ATM is the most convenient option.

By: Kevin@OutOfYourRut

Kevin@OutOfYourRut — Wed, 02 Dec 2009 18:55:56 +0000

This sounds like a strong argument for chosing a bank based on the number of ATM locations they have. That means mega banks!

An alternative might be to make periodic cash withdrawls for larger amounts, ie, $100 for the week, or $400 for the month, rather than relying on $20 and $40 withdrawls on an as needed basis where ever you happen to be. At $2-3 per withdrawl, that’s too much to pay for the priviledge of using your own money.

By: eric

eric — Wed, 02 Dec 2009 03:04:19 +0000

Yeah I was wondering about that! yikes..

By: Edwin

Edwin — Wed, 02 Dec 2009 02:56:45 +0000

I’ve overdrawn on accident a few times (one was 4 in a row, brutal) and they refused to charge it back. This was at Zions Bank

By: jsbrendog

jsbrendog — Tue, 01 Dec 2009 15:30:43 +0000

Be Responsible

I have nothing to add, I just wanted to say it again in case anyone missed it

By: paystolivegreen

paystolivegreen — Tue, 01 Dec 2009 14:07:34 +0000

I have overdrafted my account several times on accident and have been able to have the fees dropped each time. As long as you are not constantly overdrawing your account, it’s worth trying to get it removed.

By: Izalot

Izalot — Tue, 01 Dec 2009 03:08:41 +0000

I agree with reducing ATM fees, but I’m also flabbergasted with people who go to the ATM to take out only $20. If an out of network ATM charges you just $1 you are already 5% in the hole! If you must get hit with an ATM fee try to get the lowest percentage hit possible. If you want only a small amount of money go to a local supermarket/drugstore and make a small purchase and take cash back.

By: Laurie McLachlan

Laurie McLachlan — Mon, 30 Nov 2009 22:11:30 +0000

One extra tip on avoiding ATM fees: If you choose a bank or credit union that reimburses you for fees, you’ll be taxed on total reimbursements. For that reason, it may be better to find a bank that has the most ATMs (as this post also advises).

Laurie McLachlan
PerkStreet

By: BrianC

BrianC — Mon, 30 Nov 2009 20:29:03 +0000

Be on the lookout for account changes. I just closed a Citi checking account that will no longer waive the monthly fee with direct deposit (though it can still be waived if I keep $1500 in the account–not worth it for me).

By: kosmo @ The Casual Observer

kosmo @ The Casual Observer — Mon, 30 Nov 2009 19:18:33 +0000

Yes. Yes it is.

By: saladdin

saladdin — Mon, 30 Nov 2009 19:05:17 +0000

Is that owned by Shaq?

saladdin