Our Managing Principal, Daren Blonski, was recently quoted in TheStreet's article, How to Avoid Unnecessary Bank Fees, on simple ways consumers can stop losing money to avoidable banking charges.
Key Takeaways
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Shopping around for an online bank can mean lower minimum-balance requirements and better rates than a traditional branch, thanks to lower overhead.
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Many institutions embed fees where customers won't easily notice them. Reviewing statements monthly helps catch them.
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Banks will often reverse a fee if you simply ask, so it's worth requesting before assuming the charge is final.
This ties directly into the everyday financial-planning guidance we give our clients — see our Financial Planning page for how we help clients build habits that keep more money working for them instead of going to avoidable fees.
Read Daren Blonski's tips on avoiding bank fees in TheStreet