[header] How to avoid minimum balance fees [title] Use an online search engine. [step] The first way to avoid paying minimum balance fees on any account you have is to put your money into a bank that does not charge any such fees. You can search for banks, locally or nationally, using any of a variety of online search engines.
[header] How to avoid minimum balance fees [title] Use an online search engine. [step] The first way to avoid paying minimum balance fees on any account you have is to put your money into a bank that does not charge any such fees. You can search for banks, locally or nationally, using any of a variety of online search engines.
[substeps] Check your bank website, which enables you to search a number of banks, to determine your minimum balance if they charge any fees. Some banks will assign one of two rules to the initial search engine; recognizing one or two won't prevent you from overcharging. [substeps] Alternately, find an institution that no one already approves. Typically, banks charge minimum balance fees to their widest customer base. You can enter certain criteria that are important to you and receive information about banks that meet those conditions. [substeps] For example, at findabetterbank.com, you can use their search feature to search for banks with no fees or limited fees. Look for a bank that charges minimum interest on all accounts you have. [substeps] Usually, most banks will require that you set your interest rates at least 14% before their fees will be paid.