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Why Traditional Banking Might Go The Way Of The Piggy Bank

Wednesday, January 30, 2013 - 9:05 AM
From Forbes: 

When it comes to banking fees, ignorance isn't bliss.   But there are good sources for finding online-only banks that charge no maintenance or minimum balance fees, pay interest on checking account balances, and even refund the fees another bank may charge for using its ATM.  
Have you heard the saying “you get what you pay for?” Well, when it comes to your finances, you often get what you don’t pay for. For example, in this blog post, my colleague Michael Smith writes about how he once spent $10 on a piggy bank that he only saved $30 in. As a result, his savings vehicle ended up costing him 1/3 of his savings!  

While $10 isn’t going to make or break anyone’s financial future, your own “piggy bank” may be costing you quite a bit more. Between maintenance fees, minimum balance fees, paper statement fees, debit card fees, overdraft fees, ATM fees, and numerous other miscellaneous fees for everything from using a teller to closing an account, bank charges can really add up, especially when we’re getting paid next to nothing in interes

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And one of those great sources is mentioned in the article.  Great job, Ken!
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pearlbrownpearlbrown1,431 posts since
Nov 2, 2010
Rep Points: 6,249
1. Wednesday, January 30, 2013 - 1:19 PM
PB....Good find. Thanks
2
klinkklink98 posts since
Dec 8, 2012
Rep Points: 265
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