Are your banks fees going up? Across the board, many banks are charging more fees to their customers. This in big part is due to the laws that were enacted back in 2008-2009 to “help” the consumer. Most recently legislation had capped debit card fees pushing the banks to find other sources of revenue. Your bank may be doing the same – are you aware?
Several have asked me what they can do. I have shared that you need to talk to your bank and see of there are other account types that you may be placed in to avoid the fees. What I have been told in the past is that there are not, but it never hurts to ask. If you truly love your bank, you can also eat the costs….
If that does not help, the next thing you can do is find another bank. Yes, there are other banks out there. You will typically find the local community banks have lower fees, if any, and are much more focused on customer service.
Finally, what about your credit union? Your place of employment may offer one and there may even be one in your community. Credit unions are a great place to bank.
What other options are you trying?
We have opened an ING account. Though it has been bought by a “big bank”, fees are not as high as our other checking account at another “big bank”. The only thing I am not sure about are the ATM fees since we have never attempted to access cash from this account (we do that through our other account).
Hi Parkey, I bank at Providence Bank. There is only one branch in the nation and I like that. One God, one way, and one bank! Their business is actually based on Biblical principals. They have online bill pay, they reimburse for ATM fees at other locations, no bank fees (if you have a savings account with a minimum balance), and very personalized service!
Providence Bank
4955 Windward Parkway
Alpharetta, GA 30004
(678) 624-2265
(866) 376-1574
info@providencebankga.com