Category: Fees

Avoid Bank Charges: ABA Offers 8 Tips to Save Money

Avoid Bank Charges: ABA Offers 8 Tips to Save Money

A paper written by Dr. Annamaria Lusardi entitled Financial Literacy: Do People Know the ABCs of Finance? opened with the following statement in the Abstract: “Increasingly, individuals are in charge of their own financial security and are confronted with ever more complex financial instruments.” Although the context of Dr. Lusardi’s paper is not about banking, […]

February 11, 2016 | By More
How Much Do Bank Wire Transfers Cost?

How Much Do Bank Wire Transfers Cost?

Banks provide a laundry list of services to its customers.  Wire transfers for both domestic (within U.S.) and international is one of those services offered by your bank.  The money smart consumer wants to make certain he/she clearly understands what costs are associated with a bank wire transfer.  Why?  It’s because of the fees associated […]

July 6, 2015 | By More
How to Cut Bank and Credit Card Fees

How to Cut Bank and Credit Card Fees

From time to time, it’s a good practice to review where you might be losing small amounts of money.  Often these are in the form of fees.  The daily, monthly, or annual circumstances where you can experience a drip drain on your personal finances are via banks, brokerage, credit card, and processing fees.  Today, we […]

March 24, 2015 | By More
The High Cost of Out-of-Network ATMs

The High Cost of Out-of-Network ATMs

Doesn’t it seem that costs always seem to be rising? As it relates to the banking industry, a BankRate.com survey highlighted the rising cost of out-of-network ATM fees.  We wanted to share several articles that discuss this issue, one from the Chicago Tribune, the other from Crain’s Chicago Business.  Below are several facts that are notable […]

October 1, 2014 | By More
The FAQ on Insufficient Funds in Bank Accounts

The FAQ on Insufficient Funds in Bank Accounts

If you are fortunate, you’ve never received this bad news.  Whether it’s via an alert text message, e-mail, or notice in the snail mail, the communication remains the same. Insufficient Funds! Depending whether you’re a student reading today’s Post or someone whose been working for a while, maybe you’ve not run into the issue of […]

January 29, 2014 | By More
How do you use a bank’s website?

How do you use a bank’s website?

One of the things I really enjoy about working in financial education is when I’m out talking to people.  Although the extent of connection depends on whether I’m speaking from a podium or doing a presentation at a smaller venue, I love interacting with attendees.  I enjoy hearing their stories [because everyone has a story […]

November 2, 2012 | By More
New Accounts:  Do I Get Charged a Closing Fee?

New Accounts: Do I Get Charged a Closing Fee?

Every shopping experience is different when it comes to returning an item.  About a month ago, I purchased a clothing item from a boutique.  In the store it fit beautifully.  When I got it home, I changed my mind.  The boutique only gives store credit, so I’m out of the money until I find something […]

August 30, 2012 | By More
Your Bank’s Playbook on Fees

Your Bank’s Playbook on Fees

I like to shop when there are no crowds and fewer folks in line at the checkout counter.  I then have the chance to chat with the cashier.  One particular day, the cashier I was speaking with asked what I did for a living. When I said I worked for a bank, she immediately stepped […]

August 22, 2012 | By More