Understanding Bank Fees

Working for a bank, I am amazed every day to see how many fees our customers pay. To some, this may seem like a criticism of the bank, but overall I am amazed by how many customers are paying fees that there is no reason for them to pay. For example, millions of people every day are paying transaction fees to take money out of ATMs, when they could save $5 and simply walk across the street or down the block to an ATM at their own bank. I am sure some of this is laziness, but some of it is also ignorance. This article is a good summary of the main kinds of fees that banks charge, and how you can reduce the impact to your bottom line. In this current economy, consumers need ever extra dollar they can find, and these simple tips can help you save big bucks.