To put it simply, banks are a business. People are quick to talk about how different business rip them off, but have you ever wondered if your bank is ripping you off? Banks make most of their money through the interest rates off of loans, but they also make money through fees. Even the best banks, including the best online banks charge you some fees, but do you know what those fees are, or are you unaware of how you are helping keep banks in business?
As with other businesses, there are fees we as customers just can’t avoid. If you buy food at a grocery store, you will be charged sales tax. If you take more than one bag on an airplane, you pay a fee. And… » Read more