When you’re looking to improve the health of your finances, there are several issues that you need to consider, including whether your bank charges fees for its services. Although many people don’t realize it, almost every traditional bank charges some type of fee, which can seriously drain your account if you’re not paying attention.
If you want to keep your money in your pocket, then you need to learn more about common bank fees and how you can keep from paying them. Discover a few helpful tips to help you avoid accruing bank fees, and advice for getting fast cash loans when you’re in a financial bind.
Fees for Maintenance
There are several fees that you may be charged by your bank, including monthly maintenance fees. Generally, maintenance fees apply to your checking account, and can cost you between $10 and $12 a month. While some banks charge a maintenance fee on every checking account, others only levy the fee when your account falls below a minimum balance. Other banks charge this fee when you don’t perform a set amount of transactions, including debit charges and deposits.
If you want to avoid paying maintenance fees on your account, you should be sure to check your bank’s policy. Also, consider moving your money to a new institution if your current bank charges these fees.
If you’re like most people, then you try to make sure that you only use ATM fees that are associated with your bank. When you use a non-affiliated ATM machine, it’s common for your bank to charge a fee. While these fees are generally small, with the highest fees at $2.75, they can add up if you’re frequently withdrawing cash.
The easiest way to avoid ATM fees is to make sure that you’re only using your bank’s ATM machines. Unfortunately, this can be difficult depending on how many ATMs are available in your area. If your debit card allows it, you can also make sure to get cash back with your purchases instead of visiting the ATM.
The most damaging type of fee that your bank can charge is an overdraft fee. These fees occur when you try to use more money than you have in your bank account, and can result in a $35 fee for every attempted overdraft. To avoid these fees, you should ask your bank if they have an overdraft protection program. Instead of allowing an overdraft to occur, these programs reject transactions if the funds in your account are insufficient.
Also, if you know that you’re at risk for an overdraft because of an unexpected bill, you should apply for a fast cash loan from a local lender.
Avoid Fees with Fast Cash Loans
When you’re continually charged fees by your bank, it can damage your ability to pay your bills, particularly bills that you don’t expect. Get help paying your sudden bills by applying for fast cash loans from Koster’s Cash Loans.
At Koster’s Cash Loans, you can apply for the installment or quick cash loans that you need. Our payment schedules are flexible and you don’t need a checking account to apply. Begin your application today so that you can pay your bills with our fast cash loans.