Bank fees are continuing to increase because of banks’ desire to find more ways to bring money in to compensate for lost revenues. There was also a recent overhaul in the way that banks can apply overdraft fees to a consumer’s bank account that has decreased the amount of money many banks receive from this area of revenue. A tough economy has also affected cash flow into banks.
Consumers can stop high bank fees simply by voting with their wallets. Use these simple steps to avoid fees. The more consumers flock to banks that charge fewer fees, the more banks will lower their fees to stay competitive.
Try these simple steps to take to avoid monthly fees: [Read more…]