Monday, October 25, 2010

Banking Fees

Aside from letting you know about fantastic sales, I also want to give you some practical tips about how to hold on to those hard earned dollars.  I have a great example from today that I want to share with you.  For some this is a no-brainer, for others it will be fantastic information.

I don't know if you have heard of Mint.com but it's a great way to track your money.  Today I got a notice from Mint.com that I was charged two $12 fees on my savings account.  Whaaaaat?!??!  Now here's the tip.  Instead of just ignoring the notice I called my bank to ask what it was for.  Apparently I had too many transfers from my savings account.  I asked for the fee to be waived and was quickly denied.  Boooo.....  It could have ended there but I asked to speak to a supervisor who looked at my account and saw that I haven't had any fees in the past 12 months, and he was happy to reverse BOTH charges.

It never ever hurts to ask for a fee to be waived.  Worst case scenario, they say no.  Best case scenario, you get your money back!

2 comments:

  1. I've been using PageOnce on my iPhone and it can be set for the same type of notices! Did you know that most banks have a policy of "forgiving" overdraft charges once a year regardless of the reason? A phone call can accomplish amazing things!

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  2. A phone call CAN accomplish amazing things. Put on your sugary voice (which isn't always easy) and be extra nice to the person who's helping you!

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