BBB Tips For Dealing With Increasing Fees

The local Better Business Bureau has issued an advisory to check with your financial institutions. Bill McGuire says some are raising debit card fees to make up for lost revenue in other areas.

McGuire says part of reviewing fees is to read the inserts and other mail that comes from your bank or credit union. And if you find out you’re being charged for the first time or if that fee is going up, McGuire suggests negotiating.

Account holders may want to ask their bank if there are programs to waive the fee for accounts with a minimum balance. It also pays to shop around; some financial institutions may keep no-fee debit cards.

WTAW’s Bill Oliver visits with Bill McGuire of the Better Business Bureau.

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