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I finally checked my bank fees after a trip to Austin
I finally checked my bank fees after a trip to Austin and it was eye opening. Last month I went to Austin for a weekend to see a friend, and while I was there I noticed how many little shops and coffee places had signs saying cash only or a 3% fee for cards. It got me thinking about how much I actually pay in bank fees every month without even noticing. When I got home I sat down and looked through my statements from the last 6 months. Turns out I was paying nearly $45 a month in overdraft fees, atm fees, and a monthly maintenance fee that I didn't even know I had. That's over $250 a year just thrown away for nothing. I switched to a credit union with no monthly fees and free atm access nationwide. Has anyone else dug into their bank fees and found something surprising?
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william_henderson1mo ago
Yeah same here, switched to a credit union and never looked back.
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the_charlie1mo agoMost Upvoted
What about investment options though? Most people don't realize credit unions often have way fewer choices for things like roth IRAs or managed funds compared to big banks. I had to keep an account at a regular bank just to access certain Vanguard funds and that kind of stuff. @william_henderson, did you run into that problem or did your credit union end up having decent options? Usually their rates are solid on loans but the investing side can be real limited depending on where you are.
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