CHARLOTTE, NC (WBTV) - When it comes to bank fees, overdraft fees, new account fees and transfer fees are among some of the most well-known. But aside from those, there are quite a few bank fees that may surprise some.
"There's literally billions of dollars every year that people spend. Some of them are merited, some of them are not," said Joseph Roseman, who is a managing partner with O'Dell, Winkfield, Roseman, and Shipp which is a financial planning company.
For instance, for those bank customers who still get a paper bank statement, chances are they are paying an average of $3 a month for it.
"If you go back a year and half and you need a statement and the bank has to go research, that's $7 per statement," Roseman said.
To avoid this fee, Roseman recommends printing statements out yourself or you can choose the 'paperless' banking option.
According to Bankrate.com, this year the average ATM fee have reached an all-time high at $4.69. But these fees are also avoidable.
Roseman suggests planning ahead and using your own bank's ATM which usually won't cost anything. But there's another fee your bank may be responsible for and that's a maintenance fee, which can cost from $15 to $20 per month.
"The difference between today and 5, 10 years ago, 5 to 10 years ago they'd just charge you and didn't tell you what it was," Roseman said.
Roseman says to avoid this fee, you should check with your bank to make sure you meet their account requirements.
But what about adding someone to an account and requesting an additional debit or credit card?
"$25 a year or $25 extra just to get the card issued," Roseman said.
Roseman said with both the maintenance and additional cards fees, you can try and negotiate with the bank. Some banks may remove the fees if customers challenge the charge.
Roseman said most people just check their account balance and aren't looking at individual charges which means a lot of fees go unnoticed.
He said his best advice is to set a goal to look at your credit card and debit card statements online or use a mobile banking app at least once or twice a week.