Fees charged by financial institutions are increasing as this type of income becomes more important to banks. According to Bankrate.com, over 50% of bank income now comes from fees. For example, the average overdraft fee is now $28.95 per item. Here are some fees to be aware of:
There are some things you can do to avoid financial institution fees. It will take some work, but the effort is usually worth it when you look at the money you will save.
Financial health happens when you partner with IRIS! Securely submit your financial information to IRIS and receive a free, comprehensive financial plan within hours! This plan is reviewed by one of our live Certified Financial Specialists. It's the first step on your journey to financial health!