The fees are suffocating
ATM fees broke records in 2018 as they have for the last 14 years, and overdraft fees hit their second-highest level in history, Bankrate reported in its annual survey of banking fees. Your bank may have additional charges for maintenance, failure to meet the required minimum balance, and for receiving paper statements. Some banks even charge for interaction with a human being.
And whatever you do, don’t wire money or use a debit card to buy a souvenir in a foreign country, because your bank might slap you with fees for those transactions, too. The good news is there are still free checking accounts out there if you search for them.
