What are the most common banking fees to be aware of?.

Banking fees can significantly affect your finances, and being aware of them helps in making informed choices. Common fees include:

1. Monthly Maintenance Fees: Banks often charge a monthly fee for maintaining your account, which can range from $5 to $15.
2. ATM Fees: Using out-of-network ATMs can incur fees of $2 to $5 per transaction.
3. Overdraft Fees: If you withdraw more than your account balance, overdraft fees can range from $30 to $40.
4. Wire Transfer Fees: Sending money via wire transfer can cost between $15 and $50, depending on the bank.
5. Foreign Transaction Fees: Using your debit or credit card abroad may incur fees of 1% to 3%.
6. Paper Statement Fees: Some banks charge for monthly paper statements, typically around $2.

Understanding these fees can help you save money and choose the right banking service.