5. The Paper Statement Fee
In a push to go green and reduce mailing costs, financial institutions have started penalizing customers who still prefer to receive physical mail. If you are getting your monthly bank statements delivered to your physical mailbox, you are likely paying between $2 and $5 a month for the paper and postage. How to stop it: Log into your online banking portal or mobile app and change your delivery preferences to "Paperless" or "E-statements." It takes less than two minutes, helps the environment, and instantly puts that money back in your pocket. 6. The Foreign Transaction Fee The Damage: 3% of your international purchases You don't have to board a plane to get hit by foreign transaction fees. While these fees certainly apply when you are traveling abroad and swiping your card at a foreign restaurant, they also apply when you purchase goods from international e-commerce sites or pay for digital services headquartered in another country. Typically, banks take a 3% cut…
