The first step to avoid surprises is to review the account documentation before opening an account. Some banks now offer a standardized and easy-to-read summary of account fees. If you don’t have time to read the full account disclosure, at least read this infographic.
The infographic shows 10 sneaky fees for personal checking and savings accounts. Among the cited fees are the maintenance fee, inactivity fee, online bill pay fee, additional withdrawal fee, closing account fee and ATM fee. All these basic fees could add up to hundreds of dollars a year for someone with a simple checking and savings account.
That is why, read the full infographic to save money and reduce the risk of unexpected bank fees.
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