Money Fix: How to move your money
If bank fees get to be detrimental to the health of a personal account, it can be beneficial to spend a couple of hours to find and open a new account with another establishment. Credit: iStock
Consumers looking to avoid new bank fees may balk at the thought of switching to a new financial institution, what with all those checking account direct deposits, automatic payments and data for online bill payees to set up at the new place. Still, "if you are an organized person, it is an investment of a few hours," says Howard Siegler of Old Westbury, who made the switch a year ago because of mounting fees.
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