U.S. banks will gather a record of $38.5 billion in overdraft fees
As the recession plummets upon us, we would hope that the government and financial services, such as banks, would do all that they can to help ease the clamor and chaos. Depending on your bank and credit score, you just may be one of the few rescued from overdraft fees, or someone continually traumatized by them.
Free Checking Account: Just How Free Is It?
What does it Offer? Just about everyone needs a checking account when they reach adulthood. And free checking accounts seem to be everyone’s preference because of its perceived “no strings attached” feature. There are no monthly charges and no minimum maintaining balance required. You can keep your balance as low as you like without incurring penalty fees. However, is the free checking account really free? Many people seem to think it is but if when you analyze it deeper, it would appear that “free” checking accounts are not so free after all.
Choosing the Right Bank for Your Needs
When you’re shopping for a new bank make sure you understand a few things before stepping into the bank around the corner from your home. You should consider whether you are willing to pay higher fees for the convenience of the location, or if you are willing to make a little extra travel effort for lower fees. The first thing is to evaluate your banking needs. Here is a quick checklist of things to consider:
