12 Hidden Bank Fees That Could Be Costing You Money
Banking fees can significantly impact your finances. Here's a comprehensive guide to the most common hidden bank fees and how to avoid them.
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Card-Related Fees
- Replacement or reissue fees for lost or damaged cards
- Card delivery charges
- PIN code reissuance costs
- Debit card provision fees
Account Management Fees
- Monthly maintenance fees (active and inactive accounts)
- Paper statement charges
- SMS alert notifications
- Intervention fees for account issues
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Transaction Fees
- Non-SEPA transfer reception charges
- Instant transfer fees
- Overdraft intervention fees
- Incorrect bank detail transfer charges
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Unique Regional Fees
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United States:
- Overdraft denial fees (e.g., Bank of America's $5 monthly fee)
- Large deposit charges
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European Specific:
- Lithuania: Immediate debit card fees
- Ireland: Government card tax (€2.50-€30 annually)
- Greece: Lottery winning collection fee (€1)
International Banking Fees
- Foreign transaction fees
- Currency conversion charges
- International ATM withdrawal fees
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Woman sitting on a steep rock
Red and green stock chart
Hands taking care of a plant
Woman sitting on a steep rock