13 Common Money Mistakes to Avoid in 2013
1. Paying too much for chequing.
Banks haven't reaped their massive profits without tapping into fee income - it's always been front and center in their revenue strategy. And Canadian banks are among the worst offenders. Between overdraft fees up to $30 or more, ATM fees as high as $5, and myriad other nickel-and-dime charges, bank fees can turn into a massive cash drain. With many banks offering features like extensive ATM networks, ATM fee reimbursement, and low-cost overdraft protection, there's no need to spend a fortune just to have a chequing account.