Dodge the Fees
What is a monthly charge that some banks deduct just for keeping your checking account open, and what is one simple way to bypass it?
What is a Maintenance Fee!
What optional service allows a bank to approve your purchase when you have zero dollars, usually charging a high penalty fee in return?
What is Overdraft Coverage?
Which major online financial institution made history by completely eliminating all overdraft fees for its customers?
What is Ally Bank?
What automated smartphone notification alerts you the moment your checking account funds drop below a designated dollar amount?
What is a Low Balance Alert?
Ja'leya has $5 in her checking account and swipes her debit card for a $7 boba tea. If she opted IN to overdraft coverage, what will the boba tea actually cost her in total?
What is $42 ($7 item + $35 Overdraft Fee)?
If you transfer money or withdraw cash out of your savings account more than six times in a single month, what extra penalty fee will your bank charge you?
what is Transaction Fee?
What is the standard fee charged by traditional banks every single time you swipe your card for an amount greater than your available balance?
What is a $35 Overdraft Fee?
How do traditional big banks generate billions of dollars in revenue each year from everyday account holders?
What is by charging penalty fees like overdraft charges, out-of-network ATM fees, and monthly account maintenance costs?
What official document does your bank prepare every month that allows you to review all incoming and outgoing account transactions?
What is a Bank Statement?
Marcus wants to make sure his monthly $12 checking account maintenance fee gets waived every single month automatically. What setup should he ask his job's HR department to enable?
What is Direct Deposit?
How can account holders completely avoid paying out-of-network ATM fees when withdrawing cash?
What is by strictly using their own bank’s in-network ATMs or opening an account with a fee-reimbursing financial institution?
According to the FinCap Friday video "Is it Protection or Deception?", what actually happens at the register if you choose to opt out of overdraft coverage?
What is your debit card simply gets declined for free, costing you zero dollars?
What is the key structural difference between opening a checking account at a fee-free online bank versus a traditional big bank?
What is fee-free banks offer $0 balance requirements with no maintenance rules, whereas traditional banks require high minimum balances or direct deposit setups to avoid fees?
What two mobile app alerts work together best to prevent unexpected overdraft fees and catch fraudulent activity immediately?
What are Low Balance Alerts and unexpected transaction/unusual activity alerts?
A student makes 3 small snack purchases of $2 each with $0 in their account while opted into overdraft coverage. How much total debt are they in by the end of the day?
What is $111 ($6 in snacks + three separate $35 Overdraft Fees)?