Avoid a Paper-Statement Fee
Are you being charged extra to receive bills in the mail?
The cost: Up to $6 per statement.
Why you’re being charged: If you don’t sign up for electronic billing, many service-providing companies will pass along the cost of paper, printing, postage, and administration for sending out your statements. For example, EZpass charges $1 every other month for paper accounts after the first six months; E-Trade hits you up for $2, depending on your balance; and getting a hard copy of your Visa Gift Card statement will set you back $2 to $5. (Better to check online or use the toll-free number.) Although most banks still mail monthly records for free, some, including Chase and Wells Fargo, charge up to $6 to snail-mail additional copies. The fastest way to find out if your bank charges is to call. Alternatively, check FAQs on the bank’s website, and sign up for electronic statements while you’re there.