The big banks are raking in record profits, pocketing new tax bonanzas and laying off their own employees. Why pay banks more than we have to? Some commonsense, money-saving tips (the kind we often know but don’t always follow) from Today’s informative website.
- Ditch Those Fees: Find a free checking account, no strings attached. In 2017, fees on noninterest-bearing checking accounts average $5.84 a month. With a free checking account, you’ll save about $70 a year.
- Avoid ATM Surcharges: “Out-of-network” ATM withdrawals cost an average of $4.69, according to the 2017 Bankrate checking account survey. Even if you only do this once a month, you’ll save more than $40 a year if you use only your own bank’s ATMs.
- No More Overdrafts: Overdraft fees for making purchases greater than your bank balance set new records last year, averaging $33.38. Make sure it doesn’t happen to you this year.