6 ways to avoid getting hit with minimum balance fees from your bank

A minimum balance fee is a fee that many banks charge when your account balance dips below a certain dollar amount.

Perhaps the most obvious way to avoid a minimum balance fee is to keep your account balance above the stated minimum amount.

Keeping Your Account Above the Minimum Balance

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Linking Your Accounts

Another possible strategy is to link multiple accounts you have at the same bank.

Enrolling in Direct Deposit

This allows your employer to send your pay straight to your bank  account, so you won’t need to deposit a paper check each payday.

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Some banks will waive monthly maintenance fees for account holders who  use a debit card linked to the account a certain number of times each month.

Using Your Debit Card More Often


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