Bank Fees

I’m Miriam Neff and I’m Valerie Neff Hogan with Wise Women Managing Money.

M Bank fees are like a hungry thing.  A few dollars for an overdraft and a legitimate service charge aren’t enough to satisfy the bank.  Enter ATM fees, early closing an account, even paper statement charges.

V Pick your bank carefully and explore their many options.  Fees may be less if you keep a minimum balance and also have a savings account there.  Bank costs for printing checks are sometimes higher than a third-party printing service.  That savings account may have limited withdrawal restrictions without an excessive activity fee.

M These may seem like small amounts.  Over time, you have better places to spend your hard-earned money.  Feed a worthwhile ministry, not the bank.