Five Smart Banking Tips
Banks play a key role in managing our finances, but certain practices can be costly or frustrating. Here are five simple tips to get more from your bank while avoiding unnecessary fees.
1. Use the Right ATMsOut-of-network ATM withdrawals often come with $3–$5 fees. Check your debit card for network logos or ask your bank about free ATM locations.
2. Notify Your Bank When TravelingCredit card companies may freeze your card for suspicious out-of-state or foreign transactions. Avoid the hassle by notifying your issuer before traveling or making international purchases.
3. Understand Overdraft FeesOverdrawing your account can lead to expensive NSF fees. Look for a bank that lets you link a savings account to your checking to cover overdrafts without extra charges.
4. Negotiate FeesIf you’ve been charged a late payment or overdraft fee, call your bank and ask for a waiver—especially if you’re a long-time customer. Acting quickly increases your chances of success.
5. Shop for Better RatesBanks count on customers staying put, but better options may be available. Compare interest rates for savings accounts and loans online to find the best deals.
A little awareness and proactive banking can save you money and frustration. Take charge of your finances and make your bank work for you!
1. Use the Right ATMsOut-of-network ATM withdrawals often come with $3–$5 fees. Check your debit card for network logos or ask your bank about free ATM locations.
2. Notify Your Bank When TravelingCredit card companies may freeze your card for suspicious out-of-state or foreign transactions. Avoid the hassle by notifying your issuer before traveling or making international purchases.
3. Understand Overdraft FeesOverdrawing your account can lead to expensive NSF fees. Look for a bank that lets you link a savings account to your checking to cover overdrafts without extra charges.
4. Negotiate FeesIf you’ve been charged a late payment or overdraft fee, call your bank and ask for a waiver—especially if you’re a long-time customer. Acting quickly increases your chances of success.
5. Shop for Better RatesBanks count on customers staying put, but better options may be available. Compare interest rates for savings accounts and loans online to find the best deals.
A little awareness and proactive banking can save you money and frustration. Take charge of your finances and make your bank work for you!