Why do some banks charge monthly fees?

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Why do some banks charge monthly fees?

Rounding it up

  • If you're using a traditional bank, you may lose more than $300 per year in bank fees.

  • Banks charge monthly fees on your chequing account to make more profit.

  • Bank fees include simple charges such as monthly account fees and others such as insufficient fund fees and overdraft fees.

  • There are ways you can greatly reduce the amount you spend on bank fees.

8 min read

Jake Victor
#bank fees#transparency#overdraft

Jake Victor

Jake is a financial content copywriter who enjoys sharing ways to save money, invest, and make more money on blogs and financial publications. When he's not writing, he's training newbie writers and helping business owners make more money.

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#overdraft

#loans

#fees

#budgeting

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