iris_rivera44•9d agoProlific Poster

Had a talk with my credit union teller that flipped my thinking on overdraft fees

Last week at a local credit union in Flagstaff, the teller named Maria told me they actually make more money from people avoiding overdrafts than from the fees themselves because of monthly maintenance charges they sneak in instead. She showed me a printout of my account from the past 6 months and I realized I paid $48 in hidden fees for not keeping a $500 minimum balance, more than I would have paid in overdraft fees if I slipped once. Has anyone else looked closer at their bank's fee structure lately and found something they didn't expect?

2 comments

2 Comments

the_mary9d ago

Did that printout come from the teller directly or did you have to request it from the bank's website? I'd be curious to see if my credit union pulls the same trick with those minimum balance fees.

cameron_owens499d ago

Did the bank just slip that fee schedule into the fine print at the bottom or did they actually hand it over with the receipt? I bet most people just glance at the balance and toss the printout without even checking the small stuff.