If you're looking to cut expenses and keep better track of your expenses, take a look at the fees you pay for your bank accounts.
You may be able to help avoid bank fees and save money by reducing your banking costs.
Some banks charge monthly maintenance fees to keep your accounts open and to perform transactions. You can find out if you're currently being charged fees by talking to a bank associate or checking your bank account statement. Some banks will waive these fees under certain conditions. For example:
Using ATMs that are outside of your own bank's network can cost you extra money. Depending on your banking institution, you may have to pay both a fee to the bank the ATM belongs to and a fee to your own bank for every transaction. The simplest way to help avoid ATM fees is to use your own bank's ATMs whenever possible. To make it easier, research the location of your bank's ATMs or choose a bank with either a wide network of ATMs or one that waives ATM fees.
If you make a transaction that exceeds what you have in your checking or savings account, you may be charged an overdraft fee. Alternatively, your bank may choose to not allow the transaction and instead charge you a fee for having insufficient funds, known as an Non-Sufficient Funds fee, also known as NSF: Returned Item fee. Thankfully, it's not hard to help avoid overdraft fees if you protect yourself with a few safeguards.
These tips can help you avoid unnecessary bank fees and keep better track of the money in your checking and savings accounts.