Hidden? ?Bank? ?Fees: How? ?You? ?Benefit? ?from? ?Transparent? ?Banking? ?Practices

Are? ?you? ?paying? ?for? ?hidden? ?bank? ?fees? ?without? ?realizing? ?it?? ?? ?You’re? ?not? ?alone.? ?? ?Many? ?bank? ?fees? ?are not? ?fully? ?transparent? ?and? ?not? ?understood? ?by? ?customers.? ?However? ?they? ?do? ?exist.? ?You? ?can? ?save money? ?right? ?off? ?the? ?top? ?by? ?knowing? ?what? ?bank? ?fees? ?are? ?hidden? ?and? ?how? ?to? ?avoid? ?them. 

Some? ?of? ?the? ?most? ?common? ?types? ?of? ?deceptive? ?or? ?hidden? ?bank? ?fees? ?are:

? Excessive Overdraft Fees - Some banks charge as much as $35 for overdraft fees which can really hurt if you’re not careful. But, some banks will have an automatic signup into overdraft programs for protection against overdraft fees.

? Early Closure Fee - Early closure fees can be avoided by first asking your bank how long you must keep the account open before incurring an early closure fee. Typically, it is 180 days. That’s good to know upfront.

? Transfer Fees - there is a Federal rule that limits the number of transactions from savings accounts and some banks will charge per additional transfer. However, if you make them in person not online, you can often avoid the fee.

? Minimum Balance -  this is another sneaky fee. If you allow your balance to drop below a certain limit you may be charged a service fee by many banks.

? Check Image Service Fee - Don’t assume it’s free to get copies of your cashed checks each month. In some banks you have to pay for it. You can view them online and print them out yourself if you wish at no cost, though it can be somewhat inconvenient.

Transparency? ?in? ?banking? ?practices? ?benefits? ?both? ?you,? ?the? ?customer? ?and? ?the? ?credit? ?union.? ?When you? ?know? ?the? ?structure? ?and? ?purpose? ?of? ?fees,? ?you? ?will? ?be? ?more? ?likely? ?to? ?avoid? ?unnecessary charges.? ?Having? ?things? ?explained? ?at? ?the? ?onset? ?of? ?your? ?relationship? ?with? ?your? ?credit? ?union? ?will make? ?you? ?a? ?more? ?aware? ?customer? ?and? ?more? ?financially? ?responsible.? ?The? ?credit? ?union? ?benefits from? ?transparency? ?by? ?building? ?better? ?relationships? ?with? ?customers? ?like? ?you,? ?delivering? ?a? ?vote? ?of confidence? ?that? ?builds? ?business.

Make? ?sure? ?your? ?banking? ?institution? ?is? ?providing? ?transparent? ?banking? ?practices? ?and? ?giving? ?you? ?the details? ?of? ?each? ?service? ?you? ?want.? ?First? ?Basin? ?Credit? ?Union? ?is? ?committed? ?to? ?transparency? ?with? ?our members,? ?where?? ?there? is overdraft protection on all accounts, NO excessive? ?transfer? ?fees;? NO minimum balance fees; ?NO? ?excess? ?activity? ?fee;? ?and? ?NO? ?check-image service? ?fee. ?We? ?provide? ? many? ?free? ?services? ?to? ?our? ?thousands? ?of? ?customers,? ?saving? ?them? ?both time? ?and? ?money.

You're going to like coming in first.