Bank customers can avoid surcharges on their bank accounts by not closing an account early, fulfilling specific requirements to avoid maintenance fees, having any required minimum balance and making sure checks aren't returned, according to U.S. News & World Report. Individuals should ask about surcharges before opening an account.
Some banks require customers to keep their accounts open for a specific period of time and may charge them fees if they close the account before that date, according to U.S. News & World Report. Banks impose fees for closing an account that's been open for fewer than 90 or 180 days to secure long time customers.
Monthly or annual maintenance fees may be charged to a bank account that doesn't have a specific daily balance, as explained by U.S. News & World Report. Bank customers are encouraged to see how they can avoid those maintenance fees. Accounts with low balances may not provide the bank with enough interest to take care of the cost of providing the account, which puts the customer at a greater risk of being hit with a fee.
Customers should ask if they might be charged for a returned check since smaller credit unions and banks don't usually include this fee, according to U.S. News & World Report. It's a good idea for customers to have separate accounts linked to their checking accounts in order to quickly and easily deposit funds to cover any returned checks.