Think you know your bank fees? 🤔 Here’s a fun one for you: The correct answer is (c) Interest fee! 🤑 Interest isn’t a fee you pay to the bank—it’s what the bank charges for lending you money (like on loans or credit cards). 🔍 Want to avoid those pesky fees? Look out for: Overdraft fees 💸: Avoid by keeping track of your balance. Monthly maintenance fees 💵: Some banks waive these if you meet certain conditions (e.g., minimum balance). ATM fees 🏧: Stick to your bank’s network to save!
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I get asked this question a lot. Why do I need to close my credit card when it's fully paid? I don't even use it that much, it's just there for emergencies. Can't the bank see my statements that I don't use them? Banks are very clear when it comes to credit cards. They take 3.8% of your credit card limit and put that as a minimum monthly expense which decreases your borrowing power drastically. For example - A $10,000 credit card can decrease your borrowing capacity by $50,000. That's why closing credit cards is one of the easiest way to increase your borrowing power.
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Bank Transaction: Your money kept in the bank account also comes under the purview of rules. Therefore, it is very important to know how much money can be withdrawn easily without getting into taxhassles. https://lnkd.in/gzKjXcVx -withdraw-in-a-year-7576294732/ https://lnkd.in/gT5aMAyP
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The three most important factors when choosing a bank for checking and savings accounts are the type of bank, the interest rates it pays, the fees it charges, and the extra features it offers. https://lnkd.in/eQ8AXN2c
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Sync your bank accounts with Pandle to automatically import your transactions. Then, simply categorise each transaction to effortlessly keep your accounts up to date. Find out more ➡️ https://lnkd.in/eKraHveB
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The three most important factors when choosing a bank for checking and savings accounts are the type of bank, the interest rates it pays, the fees it charges, and the extra features it offers. https://lnkd.in/erHc7Ar6
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Money Saving Mastery Tips Bank Fee Busters: Pay close attention to your bank statements and look for any hidden fees. Sometimes, switching to a different type of account or bank can save you from monthly maintenance fees, ATM charges, or overdraft penalties. Consider credit unions or online banks for potentially lower costs.
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Boost Your Credit! Did you know requesting a credit limit increase from your bank could improve your credit score? A higher limit lowers your credit utilization, making you look more creditworthy. Approval depends on your bank, so give it a shot! #CreditScoreBoost #FinancialTips #CreditHealth #SmartFinance #MoneyMoves #TaylaMadeRealEstateEasy #realestateagent
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Have you ever wondered why your bank asks you those verification questions? It’s all about keeping your bank accounts secure. It can help by creating a variety of hurdles before granting access to personal information or accounts. Learn more in our blog: https://bit.ly/4gpyYxC
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Part of good Estate Planning will take into consideration how you allow someone access to your bank accounts in the event of an emergency or upon your death. Click below to read about four ways you can give someone access to your bank accounts along with the pros and cons of each method: https://smpl.is/9ml0e
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