12 ways not to pay your bank more money:
1. Beware of loans where your payments only cover the interest on the amount borrowed.
2. Do not buy credit insurance from a bank.
3. Negotiate you mortgage. Interest rates, "points" and closing costs are not written in stone.
4. If at all possible, pay off your mortgage early.
5. Don't be forced into a bank escrow fund to pay for your property taxes and home insurance. You can easily pay these yourself.
6. Don't borrow money from your credit cards.
7. Use a smaller bank chain in lieu of the larger ones. They offer more personal service and are more willing to work with you and your needs.
8. Get to know the personnel at your bank. It is in your best interest to know them by name and to have a good rapport in case you need assistance from them in the future.
9. Don't get your IRA from a bank. They usually don't have the best percentage points.
10. Avoid over draft protection on your checking account. Although it can be helpful if you need it, you can easily get into the habit of relying on it and getting yourself into more debt.
11. Know about your safety deposit box. Although we use them to keep our things safe, there is no guarantee against that theft, flood or fire. The items in your box might not be insured by the bank or not insured for the amount you need.
12. Don't use ATM's if your bank charges you for using them. They make bank (no pun intended) on the fees you are charged. If you use an ATM from another bank you are usually charged the service fee twice. Once from that bank and once from yours. Pay attention to your statements to find out what you are being charged.