Common Bank Fees

Open Ended

Explain two strategies you can use to avoid international transaction fees when traveling abroad.

Open Ended

Why is it important to understand the different types of bank fees and how to avoid them?

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Multiple Choice

Which of the following actions can help you avoid account maintenance and minimum balance fees?

• Keeping a minimum amount in your account

• Withdrawing cash frequently

• Ignoring account notifications

• Opening multiple accounts at different banks

Multiple Choice

Which of the following is NOT a recommended way to avoid ATM fees?

• Use your bank’s ATM

• Find a fee-free ATM using a bank app

• Withdraw cash from a grocery store

• Ignore ATM fee alerts

Open Ended

Explain how overdraft protection works and how it can help prevent overdraft fees.

Multiple Select

Which of the following are ways to avoid overdraft fees?

• Set up account alerts

• Link backup accounts

• Ignore low balance notifications

• Enroll in Balance Connect

Multiple Choice

Which of the following is a common way to avoid card ordering fees if your ATM or debit card is lost or stolen?

• Ask your bank if they’ll send you a replacement card for free

• Pay the rush replacement fee

• Order a new card online and pay the fee

• Wait until your account is closed

Open Ended

Reflecting on what you learned about common bank fees, what strategies would you use to minimize or avoid these charges in your own banking experience?

Multiple Choice

What is one way to avoid account maintenance and minimum balance fees at a bank?

• Keep a minimum amount in your account

• Withdraw all your money regularly

• Open multiple accounts at different banks

• Never use online banking