Understanding the Cost of Products and Services
As a customer, it's essential to understand the costs associated with various financial products and services.
Account-Related Fees
Fee Type |
Fee Amount |
|---|
Monthly maintenance fee |
$10-$25 (waived with minimum balance requirements) |
Overdraft fee |
$35-$40 |
Non-sufficient funds (NSF) fee |
$35-$40 |
ATM fee |
$2-$3 (for out-of-network ATMs) |
Wire transfer fee |
$15-$30 (for domestic and international transfers) |
Loan-Related Fees
Fee Type |
Fee Amount |
|---|
Origination fee |
0.5%-1% of the loan amount |
Closing fee |
$500-$1,000 |
Late payment fee |
$25-$50 |
Prepayment penalty |
1%-3% of the loan amount |
Credit Card-Related Fees
Fee Type |
Fee Amount |
|---|
Annual fee |
$50-$500 |
Interest rate |
12.99%-24.99% (APR) |
Late payment fee |
$25-$38 |
Foreign transaction fee |
1%-3% of the transaction amount |
Other Fees
- Safe deposit box rental: $20-$100 per year
- Money order fee: $5-$10
- Stop payment fee: $25-$35
How to Avoid Fees
- Maintain a minimum balance in your account.
- Use in-network ATMs.
- Make timely payments.
- Choose credit cards with low or no annual fees.
- Avoid using credit cards for cash advances or foreign transactions.
Understanding the Cost of Products and Services
As a customer, it's essential to understand the costs associated with various financial products and services.
Account-Related Fees
Fee Type |
Fee Amount |
|---|
Monthly maintenance fee |
$10-$25 (waived with minimum balance requirements) |
Overdraft fee |
$35-$40 |
Non-sufficient funds (NSF) fee |
$35-$40 |
ATM fee |
$2-$3 (for out-of-network ATMs) |
Wire transfer fee |
$15-$30 (for domestic and international transfers) |
Loan-Related Fees
Fee Type |
Fee Amount |
|---|
Origination fee |
0.5%-1% of the loan amount |
Closing fee |
$500-$1,000 |
Late payment fee |
$25-$50 |
Prepayment penalty |
1%-3% of the loan amount |
Credit Card-Related Fees
Fee Type |
Fee Amount |
|---|
Annual fee |
$50-$500 |
Interest rate |
12.99%-24.99% (APR) |
Late payment fee |
$25-$38 |
Foreign transaction fee |
1%-3% of the transaction amount |
Other Fees
- Safe deposit box rental: $20-$100 per year
- Money order fee: $5-$10
- Stop payment fee: $25-$35
How to Avoid Fees
- Maintain a minimum balance in your account.
- Use in-network ATMs.
- Make timely payments.
- Choose credit cards with low or no annual fees.
- Avoid using credit cards for cash advances or foreign transactions.
