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The report also found that 81% of those charged multiple NSF fees struggled to pay bills.
Monthly Maintenance Fee
Some banks will charge you a monthly maintenance fee to keep your account active.
How Can You Avoid This Fee?
Look for banks that offer free or low-cost accounts.
Some banks will also waive account fees if you maintain a certain balance or meet other requirements.
it’s possible for you to also look into finding a bank that offers no-fee banking.
Again, you dont want to be paying to access your own money.
Another option is to turn on automatic tracking for your checking account.
Crews suggested, peek if the banks website and mobile app are user-friendly and offer the services you need.
You should be able to complete all of your transactions online or through your phone.
Determine the terms and conditions before creating your account so that you know what to expect in these situations.
Even though this is a convenient option, you may not want to spend the $50.
The best way to avoid this fee is to find another option for sending someone money.
This is the best option if you dont need instant access to the funds.
The fee will likely be a percentage of the transaction, anywhere from 1% to 4%.
Review your account details to see if your bank charges foreign transaction fees.
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