How to Save Money on Bank Fees

It is nearly impossible for many people to live without a bank account. Unfortunately, banks know how much you need your bank account, and they take advantage of this by charging you for every extra service you need and every small mistake that you make. Luckily, however, there are ways to make sure you are not the bank's next victim. Read on to learn more.

Instructions

1. Use only the ATMs within your bank's network. This will usually save you around $3 per ATM visit, which can add up pretty quickly. Using a network ATM may take a little planning, especially when traveling, if your bank isn't part of a large, national chain, but it is worth it.

2. Have enough money in your account to cover all checks and debit card transactions. This is the best way to save money on costly overdraft fees, which can add up to a large amount very quickly. If the payment is a scheduled or recurring payment, the company may try to take funds from your account two or three times before they realize that you have insufficient funds. Each time the company tries to take their money from your account, you will receive another fee.

3. Dodge monthly maintenance fees by keeping the required amount of money in your account at all times. Sometimes banks will also run promotions where they will waive your monthly maintenance fees if you open a checking and savings account at the same time. Watching for these promos will help you save a ton of cash overtime.

4. Purchase your checks through a third party discount company, rather than your bank. You may be able to pay up to two or three times less for your checks by going this route.