Amanda Stanhaus

Tag: fee

ATM Fee

If I use an ATM that does not associate with my bank , I’m charged a small, but not insignificant, amount of money. Easily avoidable, which makes it all the more painful to pay.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Back-end load

The service fee charged upon the sale of a mutual fund share. The fee amount decreases as the time of share ownership increases.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Commission

fee charged by industry experts for advice on buying/selling of a security. Just like a personal shopper charging her clients for her expertise and the purchase of their best-butt pencil skirt.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Fee

Penalty! $$ charged.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Foreign Transaction Fee

When a credit card is used in a purchase of a good in anything other than its homeland’s currency—>Fee! Fun Fact: American and Canadian “dollars” are not the same.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Interest Rate

When using someone else’s money, this determines the associated fee.

(Originally published on Amanda Stanhaus’s  financial literacy vocab blog: XO, Bettie Vocab.)

Late fee

I’m late, late, late for a very important date…with my bill.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Overdraft Protection

With this I can overdraft and not bounce a check. And I don’t pay a fee. Caution: interest will still need to be paid on the amount loaned.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Banking is a Business

Bankers are in business to make $$ off me and my account. They <3 fees.

(click on the bold-faced vocab words:))

Late feesAnnual feesOverdraft feesATM fees. Music to their ears… and $$ in their pocket.

It’s my responsibility to make sure their $$ made is the least amount possible.

I take the banking competition as seriously as they do.

I win when the sum of my fees< the sum of my interest payments. And I do a cartwheel each time I win.

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)