BANKING BASICS & WHAT TO LOOK OUT FOR 3

You don’t always have your checkbook with you and you don’t want to carry cash around. So, you use a debit card.

Remember, however, that every time you use your debit card you are charged a fee. The fees vary from institution to institution. Some charge less than a dollar, other charges much more. So, the more often you use your debit card, the more costly this bank service becomes.

How about ATM cards? If you withdraw from the ATM machine at the bank’s premises, you don’t get charged a transaction fee. Outside the bank premises, you are charged as little as a quarter or as much as a couple of dollars (depending on the location).

image from Microsoft Clipart