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Banking Fees Archives

July 23, 2008

Combatting high NSF bank fees

With bank non-sufficient funds (NSF) charges now creeping up to nearly $40.00 you can't afford to bounce a check. Banks have long since discovered that they can make a ton of money by honoring your check and then charging you a hefty NSF fee. The easiest thing to do is to not bounce a check of course, but there are places to keep your money that have cheaper NSF fees, namely credit unions.

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July 24, 2008

How One NSF Fee can Turn Into Three

Banks are under no obligation to process checks in numeric order. Let's say that you have enough money in your account to cover two of three checks and fully expect the last one to bounce. If all three checks show up on the same day at the bank, you could get bounced on all three.

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This page contains an archive of all entries posted to EconomyEinstein in the Banking Fees category. They are listed from oldest to newest.

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