Financial Regulation and Bank Reform
There are new bank fees coming your way just like the higher credit card costs that came after Congress did a credit card fix two years ago.
Some benefits under the new regulations….Banks cannot automatically sign you up for something you may not use, like overdraft protection. To make up for these lost fees, big banks will push new charges at you.
Do not just accept them. Fight back. Look for better deals, like online banks, community banks, or credit unions. Also, look at online brokers that may provide free checking and online bill paying. Some of these alternatives even pay interest on checking accounts without minimum balances.
Here are a few sites you can try out to find some better deals:
http://www.findabetterbank.com/
https://www.checkingfinder.com/
http://www.bankrate.com/
Also, take a look at Everbank’s money market that pays interest on checking accounts of 1.00% to 2.25%.
Watch for changes at your present bank, like higher minimum balances or additional conditions and restrictions on all accounts. Don’t let them nickel and dime you to death with these other fees. Be proactive and save money.
One last point….check out http://www.lowcards.com/to find the best rates on credit cards.