Hi! I had to chuckle a little at the end of your question “I hate my bank….” Sometimes I feel that way too – they can be so im-moveably and un-helpfully RIGHT and there is nothing a customer can do!
It can be hard to find a fee-free bank – usually you have to keep a minimum balance in the account that can be pretty high, and if you drop below that minimum for ONE HOUR of ONE DAY of the month, you get hit with the fee. Other fees you might get with a bank are:
• Monthly service fee
• Automated Teller Machine (ATM) user fee
• Overdraft fee
• Stop payment fee
• Banks usually have minimum balances to carry to avoid fees
• Some banks have fees regardless of balance
You might have better luck with a credit union in your town to get a regular (not a student) account. They may not charge all the fees listed above or their fees may be lower than at the bank. Many credit unions have no minimum balance and lower or no fees than banks and usually you just need to be a resident of that town to qualify. You might also look into getting an online bank account with an entity that has no actual building like Etrade or Ally or others – you might save on fees that way too.
Hope this helps! At some point you will age out of your student account anyway, so you might want to change now to a bank that you like better! Best wishes and thanks for writing!
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