What are three things you can do to avoid fees from a downtown bank checking account?

I would say that it is very important to remember that a bank usually operates to serve its shareholders and make returns to the shareholders. they offer services such as loans and certain options for Investments but you have to generally pay a fee in some way shape or form in order to hold a checking and savings account and have access to the bank services.

In terms of avoiding fees associated with checking accounts as debit cards are usually issued with checking accounts is to do some personal finance at the end of their day and account for how much is spent, how much is deposited, and how much money you have for the next day. good record-keeping effectively.

Overdrawing and bad cheques (spending so the account reaches a negative balance) will typically will invoke a relatively larger fixed fee for the debit card and if you write a bad check you will be hit with multiple penalty fees typically much greater than your debit card use if it accidentally is overdrawn. so avoid cheques unless absolutely necessary, and optimize they use of non cheque options such as the debit card or cash.

A final suggestion on avoiding fees and unwanted costs associated with the bank and other opaque policies is to consider switching to a credit union. A credit union is not beholden to shareholders, but is beholden to its own members as it is a non-profit entity. credit unions have some barriers to entry typically such as you need a or need to be part of some sort of organization such as your employer, or University, or you get a referral from another individual within a credit union. your checking account will also need to have a minimum balance to avoid checking account fees as well as the savings account such as a $5 minimum for savings and $10 minimum for checking so the credit union can use that money to pay interest on your deposits. also the larger the credit union in terms of assets under management, the more services the credit union tends to have but almost all credit unions have debit card services. nevertheless they have higher transparency as far as their terms unlike Banks, as Banks have to make profits. Higher transparency means that the bank is subject to easier scrutiny and lower transaction costs as well as fees.