While many banks offer no fee accounts nowadays, the majority of banks still charge some kind of fee to do business with them. In a lot of cases too, when it comes to paying the bill a lot of people still bring the bills to the bank and pay each one individually. What I noticed was that for many people their banks charge them a transaction fee for doing things like this. So unless you are under some kind of plan that gives you X amount of free transactions, you could get deducted for paying too many bills in any given month.<\/p>\n
For myself, I usually only need to do one bill transaction from the bank a month when it comes to expenses. For example, for like the phone or cable bill I suppose many would just pay each one individually directly from their bank making it two transactions. However, I tend to use the credit card to pay the bills and so at the end of the month I just need to do one transaction which is to fully pay off the credit card balance.<\/p>\n
I find this to be good from a general organization point of view too as you can condense all of your reports easier. Even for accounts that have no transactions fees I still do the same.<\/p>\n","protected":false},"excerpt":{"rendered":"
While many banks offer no fee accounts nowadays, the majority of banks still charge some kind of fee to do business with them. In a lot of cases too, when it comes to paying the bill a lot of people still bring the bills to the bank and pay each one individually. What I noticed […]<\/p>\n","protected":false},"author":1,"featured_media":12165,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[629,1618,199,1617],"class_list":["post-1107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-management","tag-bank-fees","tag-billing-source","tag-credit-card","tag-transaction-fees"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2014\/02\/9.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-hR","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/1107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=1107"}],"version-history":[{"count":1,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/1107\/revisions"}],"predecessor-version":[{"id":1108,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/1107\/revisions\/1108"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/12165"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=1107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=1107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=1107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}