Bank Fees - 4 Sneaky Bank Fees That Will Tear a Hole in Your Wallet When the Banks Merge

Sometime in the next year, we are only a few super banks like Chase, Bank of America and see the Citi Bank, who control the entire market with Washington. What does this mean for you and I mean .. You guessed it: Bank charges to go through your statement transversely to shoot and blow a hole in your bank account.

But there is more sneaky fees that at one point or another may be levied. Here is a list of them:

1. Providegreater use of ATMs in the next year, even from your own bank.

And if you chose to withdraw cash at an ATM that does not deteriorate to your bank, then they move in, you could end up paying $ 3 - $ 4 for each deduction.

2. If your account goes into overdraft, pile up the charges only.

I went to my Chase Bank the other day and asked her how often she had cost me an overdraft fee in one day. I found out they charge, you can download an unlimited number ofFees if they wanted. Assuming that your account was overdrawn. She went to Starbucks and bought a cup of coffee for $ 5 You get hit with a fee. Then you buy a snack at the local grocer, you can get hit with another fee of $ 20. And if that's not bad ... If you do not get money into your account fast enough to cover the overdraft and the fees, you can get hit with additional fees. If you are cash strapped in this economy, you can make especially hard when you have to fight toKeep cash in your account during the month. Some banks charge between $ 25 - $ 35 for overdraft fees. You can overdraft protection fees, it is about $ 40 per year, which is better than the fee payment each time your account can run coated examined.

But here is the best method. Link your savings account to your checking account. Each time you reach a certain level on your checking account, your savings will automatically transfer money into your checking account and savedown those nasty fees.

3. It's close to tax time.

They have a donation to your local charity for $ 200 and do not keep the receipt. Then you remember from a check. You call the bank and request a copy. Guess what happens ... That's right, some banks charge between $ 5 - $ 8 for the submission of paper copies of the checks. And the banks can increase the fees for requests made during tax time. If you do, keep paper copies in a separate file at all, to avoid the undesirableFees.

4. Expedited Bill Pay Fees

You stand on a cold sweat. You forgot to pay your car insurance this month. You do not want to take the chance and you drive a car without insurance pays on time. That has never happened before. You start your computer in a panic by your bank on the line while you use the Internet to raise money to transfer to pay the bill.

For an extra $ 5 to $ 15 as an accelerated cost payment, your bank is looking forward to get --Cash there for time. Next year it could win up to $ 20. You may be surprised to learn that all banks have different policies regarding the fees. Find out, and negotiate with the bank if you end up not in this situation.

And this list is just the beginning. While the bank mergers make sense, so that our economy going, there is a risk. And as always, is the risk back to us on Main Street.

Without question, with mergers, take your bank feesincrease. This could end up cost on average about $ 170 to $ 220 extra per year. The best strategy is to find out in advance what will be the amount of fees and so keep a watchful eye on their bank statements.