Banking fees of all sorts
Banking fees are generally small -- a couple dollars here, a couple dollars there -- but they can add up to hundreds throughout the year if you’re not careful. Don’t pay money just to manage your money. You can take easy steps to avoid these fees:
• Overdraft fees. Sign up for low-balance alerts via e-mail, and link your checking account to your savings account to move money as necessary to avoid $35 fees for insufficient funds.
• Checks and postage. Pay your bills electronically instead. You’ll also avoid any late fees and black marks on your record if the postal service loses your payment.
• ATM fees. Know where your own bank’s ATMs are located, even in other states, so you can save $3 every time you get cash out of the wall. Or consider switching to a bank that offers free ATM usage regardless of which bank’s ATM you tap.
• Coin-counting commissions. Save the 5% it can cost you to cash in your nickels and quarters at the supermarket. Coin counting is gratis at hundreds of TD Bank branches in the Northeast, Mid-Atlantic and Florida, whether or not you have an account. (Just pray the machine, called Penny Arcade, isn’t down for service. That seems to happen a lot.)
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