Tip of the week: How to avoid debit card fees
Change banks; Ask your bank to waive the fee; Use cash; Use a credit card
Change banks. This may seem obvious, but if your bank has begun charging a monthly fee for using a debit card, it could be “time to consider a smaller bank.”
Ask your bank to waive the fee. To arrange this, you may need to start maintaining a higher balance in your checking account or open some type of second account.
Use cash. “Cash may be somewhat inconvenient,” but it’ll save you. Ask your bank for an ATM-only card, which should allow you free withdrawals from the bank’s machines. Using cash typically encourages a person to spend less.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Use a credit card. Actually, “this is a good option”—as long as you pay off your balance on time. You can also look for one of the rare prepaid credit cards, like American Express’s, that don’t tack on lots of fees.
Source: Forbes.com
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Create an account with the same email registered to your subscription to unlock access.
-
Post Office's Capture software to be reviewed over 'glitches'
Speed Read Solicitor representing accused postmasters says flaws in the IT system follow 'very similar pattern' to Horizon
By Arion McNicoll, The Week UK Published
-
How would we know if World War Three had started?
Today's Big Question With conflicts in Ukraine, Middle East, Africa and Asia-Pacific, the 'spark' that could ignite all-out war 'already exists'
By Harriet Marsden, The Week UK Published
-
Death Cafe: where people talk mortality over tea and cake
Why everyone's talking about The meet-ups are intended to offer a judgement-free and respectful space to discuss the end of life
By Chas Newkey-Burden, The Week UK Published