You may not realize this but there are several different charges that can be charged to your account. If you do not account for this money your account may be overdrawn. In order to avoid this mistake you need to know what the fees are
that may be charged and how much they will usually cost you. Being prepared will save you a lot of time and will keep your account current and up to date without any delay.
Fees will vary depending on the bank and the individual charges. Some fees include an initial activation fee, monthly service charge, transfer, check deposits, internet purchase, signature fee, ATM withdrawal fee, balance inquiry fee, balance decline fee, cash advance fee, reactivation or cancellation fee, replacement card fee, wire transfer fee, paper statement fee, and insufficient funds fee. These fees can cost anywhere from $1.00 USD to $70.00 USD. If you use your ATM card to check your balance, transfer funds from one account to another, or withdraw cash you may be charged a fee for each one of these transactions. These fees will come out of your account automatically without billing you at the end of every month. If you are not sure why a fee was charged to your account, you need to call and make sure that your account information is correct.
Being prepared for fees will help you understand how to use your money more wisely. These fees may rise every year on your account and there is nothing you can do about that but avoid the fees when possible.