Avoiding Cheaper Bank Services

                       

The media has been reporting that more and more Americans are avoiding bank account transactions in order to avoid transaction fees which banks have been imposing to offset costs that have arisen thanks to added government regulations.

                       

Unfortunately, the use of thus newly implemented financial instruments, such as pre-paid debit cards and small loans, entail fees that often are greater than those charged by those “greedy” banks.

Another instance of the public refusing to evaluate simple dollar and cents everyday financial options. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)