Source: Getty Images 1 of Breaking up is hard to do A recent survey conducted for Money Magazine found that the average American has used the same primary checking account for roughly 16 years. Banks know that breaking up is hard to do, which is why they can get away with paying you low rates on your deposits and charging you fees for every single service. Moving to a new bank can be a savvy financial move. Here are seven signs that it’s time to break up with your bank and find a new home for your money. ALSO READ: Fed Up With Your Bank? Try These Low-Fee Alternatives Previous Next Source: Getty Images 2 of 1. You’re paying a monthly fee In the past, banks made a lot of money from checking accounts because they charged a big fee to merchants every time you swiped your debit card. That all changed in 2011, when regulators capped debit card fees for banks with more than $10 billion in assets. Banks responded by implementing new monthly account fees to make up for the lost income. It isn’t uncommon for banks to charge as much as $15 per month just to… Read full this story
- The Bank will open Wednesday at 7th and J. Here’s what will be inside
- App-based banks follow new business model
- Millennial traders flee boring banking to chase riches in crypto
- Meddle With European Banks’ Senior Bonds at Your Peril: Gadfly
- When banks abandoned American Samoa, the islands found a century-old solution that could be the future of finance
- Bank of America freezing accounts of customers suspected of not being US citizens
- Ten years on: what’s changed? Are the banks less dangerous now?
- Lonely, and costly, times for hedge funds that bet on collapse
- Banks get a break on soured-loan accounting
- Lifestyle The art of making ceramic piggy banks in southern Vietnam The art of making ceramic piggy banks in southern Vietnam
7 Signs That It’s Time to Break Up With Your Bank have 314 words, post on nz.news.yahoo.com at April 24, 2018. This is cached page on Trend . If you want remove this page, please contact us.