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How greedy is your bank?

In your daily business, it makes sense to keep an eye on the various ways your bank can slice up what's supposed to be your pie
By William J. Lynott
Published: August 14, 2015
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Your bank may not be a sneaky culprit—but don't confuse it with your kindly old uncle, either. Your bank is in business to make money, and it will take as big a slice of your pie as the law—and you—will allow.

Today's volatile economy has given banks plenty of reasons to look for new ways to shore up their own sagging finances—and they're finding them. New service charges, confusing account options, and a hodgepodge of interest rates are just a few of the techniques they are using to pump up their slumping profits—at your expense.

How bad is it? One former banking executive estimates that you will likely overpay banks thousands of dollars in your lifetime through checking and savings fees, service charges, mortgages, credit cards and business loans—that is, unless you learn how to beat them at their own game.
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