Personal Finance
Better Finances for a Better You
Topic: "Bank Fees"
← Curating the web to find the most interesting and helpful
information about your money.
Word of the week
Debit Card
A debit card is a type of payment card that takes money straight out of your bank account. Debit cards, sometimes known as "check cards" or "bank cards," can be used to obtain cash from an ATM or to purchase products or services. Although there may occasionally be costs associated with using debit cards, they can assist you avoid carrying cash.
Here are 4 times you should reach for your debit card over a credit card by Erica Lamberg →Did you know?
The Government of Canada and certain financial institutions have an agreement to provide low-cost basic banking services. Low-cost accounts cost a maximum of $4 per month in banking fees.
Low-cost and no-cost accounts bank accounts →Saving
11 pesky bank fees and how to avoid them by Matthew Goldberg
Knowing the most common penalties and fees on banking products, and how you can avoid them, can help you save cash →Investing
How Do I Keep Commissions and Fees From Eating Trading Profits? by Chris Gallant
You work hard for your money. And you should be able to keep as much of it in your pocket as possible. But if you're thinking of investing your hard-earned cash to increase your net worth, there are some things you should keep in mind. Investing comes at a cost.
Read on to find out more about how to keep these costs from depleting your profits →Word of the week
Out-of-network ATM fee
When you use an ATM that is not part of your bank's network, you will be charged an out-of-network ATM fee.
Survey: ATM fees reach 26-year high while overdraft fees inch back up →Saving
How to Avoid Debit Card Fees: Monthly Maintenance, Overdraft, ATM, and More
Follow these tips and check your account agreement to be sure by Kat Tretina →Did you know?
More than 25% of Americans with checking accounts are paying an average of $24 per month in banking fees, according to a 2023 Bankrate survey.
Banking fees add up. Make sure you track them and have the best account plan for your needs →Saving
7 common banking fees
- Monthly maintenance/service fee
- Out-of-network ATM fee
- Excessive transactions fee
- Overdraft fee
- Insufficient fund fee
- Wire transfer fee
- Early account closing fee
- Bottom line
Did you know?
ATM fees averaged $4.73 per transaction in 2023
ATM fees: Easy ways to avoid them with a little planning →Word of the week
Credit Card Cash-Advance APR
The interest rate that applies to cash advances made using a credit card. Often, this is one of the highest annual percentage rates that you may pay. Cash advances have no grace period and start accruing interest right away.
See other key terms to increase your knowledge and guide you to financial wellness →Budgeting
College students can earn a $100 bonus and avoid monthly fees with the Chase College Checking Account
Here’s what you need to know →Word of the week
Grace Period
A grace period is the amount of time between the end of a credit card billing cycle and the day when your bill is due. During a grace period, interest is often not charged on your balance. Although the grace period varies per credit card issuer, it must always be at least 21 days following the conclusion of the payment cycle. Remember, grace periods do not apply to cash advances or debt transfers!
25 key terms everyone with a credit card should know →Did you know?
The first ATM (automatic teller machine) was built and installed in London in 1967 by British bank Barclays and it didn't charge a fee...
Track all your ATM fees along with other bank changes in one place →Word of the week
Overdraft
An overdraft occurs when you do not have enough money in your bank account to cover a payment or withdrawal. These transactions may include: - Debit purchases - Bill payments and pre-authorized debits - Cheques - Withdrawals - Transfers between bank accounts
Learn more about getting overdraft protection →Budgeting
Understanding Bank Fees
Do you know all these bank fees?
- The number of free monthly withdrawals or transactions on your account
- Your Monthly fee
- Minimum account balance fee
- Bill payment fee
- Transfer fee
- Late payment fees
- Overdraft fee
- NSF fee
- ATM fee
- ATM network fee
- ATM non-system machine fee
Saving
An epic standard in overpromising and underdelivering was reached when the big banks named their savings accounts.
Check your big bank savings account - you could be making ‘0.000 percent’ interest →← Curating the web to find the most interesting and helpful information about your money.