Personal Finance - Avoiding Surprise Bank Fees

Avoiding Surprise
Bank Fees.

Overdraft fees usually don't depend on the overdraft amounts.

TRUE

FALSE

Mobile App Alerts help prevent overdrafts by texting you when your balance is below a threshold.

FALSE

TRUE

Banks never automatically enroll customers into overdraft protection programs.

TRUE

FALSE

Foreign Transaction Fees can be as high as _ percent.

50

3

1

100

Overdraft transfer uses one of your ___ to fund your overdraft.

debit cards

mobile phones

401(k) accounts

secondary accounts

All no-fee checking accounts include free overdraft protection.

FALSE

TRUE

Instead of overdraft protection, experts recommend to use ___.

debit cards

no-fee saving accounts

overdraft insurance

overdraft transfers

All banks charge high Foreign Transaction Fees.

TRUE

FALSE

A good way to avoid the need of overdraft protection is to ___.

buy insurance

watch your balance

not eat out

pay off your credit cards

Overdraft fees generate significant revenues for banks.

TRUE

FALSE

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Personal Finance > Avoiding Surprise Bank Fees.