Money Talks February 2021 | Carolina Hoyos

How To Avoid Monthly Fees

How To Avoid Monthly Fees

Maintenance fees got you down? Do you feel like you’ve been guarding tu dinero but those pesky fees steal from your goals? Here are some ways to block them like a portero, amig@! 😎

Keep a healthy account balance

Making it your goooooal to keep a minimum daily balance could avert these fees. This will also encourage you to save more and stop spending! 🏦

Accept pay in monthly direct deposits

If you’ve been depositing checks this whole time, jump on the bandwagon and make your life easier. Ask if your employer offers direct deposit. The money will arrive to you faster and pain-free. 😎

Have more products from same bank

Some banks just require a savings and checking account, but others might offer an IRA or a Money Market account. If you’ve been thinking about investing, this could be one way to save on those maintenance fees, while also growing your futuro dinero. 💸

Be a certain age or attend school 👶

This one won’t apply to everyone, but some banks offer students and young adults fee waivers. If you’re thinking about going back to school, see if your bank offers this while you study.

There’s so many more ways to protect your money from the penalty kicks of life. Sign up with SUMA and we’ll keep you in the know!


Want more financial tips and reminders right to your phone? Text us HOLA at 323-629-8732 📲😉 


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