The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
Getting nickeled and dimed is a little more annoying when the spare change in question—and often, much bigger fees—are being debited directly from your checking account in the form of bank fees.
But it's a frustration that's easily avoided. A survey from the American Banking Association found that 74 percent of customers pay $3 or less in monthly bank charges—and the bulk of those pay nothing at all.
To limit charges, start by reassessing your account. Almost three-quarters of credit unions still offer free checking, according to Bankrate.com, and 38 percent of big banks. Avoiding the fee at others might be as simple as keeping $100 or so in your account, or signing up for direct deposit. "We've found that's a reliable way to get a free account," said Linda Sherry, director of national priorities for Consumer-Action.org.
Banks may also tack on other fees for certain features, like getting mailed paper statements or even talking to a teller in person, said Ed Mierzwinski, consumer program director for U.S. Public Interest Research Group. Or using an out-of-network ATM. A study released Sept. 29 by Bankrate.com found the average fee is now $4.35 per transaction, an increase of 23 percent in the last five years.
So consider those fees when shopping around to avoid picking a "free" account that doesn't actually fit how you bank.
Worse are penalty fees like overdrafts, which tend to be more prevalent over small charges. "Nobody wants to pay $35 plus $4 for a latte," Mierzwinski said. But that's what often happens under banks' default overdraft plans if you tap out your checking account. (The average overdraft fee is now $32.74, a new record, according to Bankrate.com.) Consumers' best bet is to opt out: Request that the bank decline the transaction instead, he said, or set up automatic transfers from a savings account.
Then play it safe. "Pretend you have $100 less in your account than you actually do," he said. That'll keep you firmly in the black.