Thursday, April 23, 2009

Watch out for bank fees

According to the latest bankrate.com study, ATM fees average $1.97. That's 11 percent higher than the prior year.

Another common culprit: overdraft fees. Overdraft fees kick in when you don't have enough money in your account to cover a transaction.

If you can't maintain daily minimum of your account, there is penalty charged.

Some banks also charge for online payment services.



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