How to Avoid Bank Fees (Overdraft, Minimum Balance and More)

Banks earn billions from fees that are avoidable once you know how the defaults are designed. This video covers the main fees, the behavioral tricks behind them, and the settings to change today. In this video: - Overdraft fees and how transaction ordering increases them - Monthly maintenance fees and how to get them waived - Why your savings rate is so low and what to do about it - The psychology behind minimum payments and default opt-ins - A short checklist to make your accounts fee-free Most people think they lose money because they’re bad with finances. In reality, many banks, credit card companies, and financial products are designed around human psychology. In this video, I break down how concepts like mental accounting and present bias influence everyday spending decisions, and what you can do to protect yourself. If you want smarter money management, better personal finance habits, and practical ways to avoid costly money traps, this video is for you. For more information and transcript, please visit: https://www.easypeasyfinance.com/dark-psychology-bank-uses-against-you/ 📚 Free courses, calculators and quizzes: https://go.easypeasyfinance.com/home 📩 Free newsletter + free crash course on money management for beginners: https://go.easypeasyfinance.com/free 👍 Subscribe for a new personal finance video every Tuesday Books by Easy Peasy Finance: 💰 Easy Peasy Money - A Fun Money & Budgeting Book: https://amzn.to/3m6d22z 📊 Easy Peasy Investing - A Fun Investing Book: https://amzn.to/3ZhaVHz 💸 Easy Peasy Banking - A Fun Banking Book: https://amzn.to/3ZiYyLm 📈 Easy Peasy Stocks - A Fun Stock Market Investing Book: https://amzn.to/483wuSn 🎨 Activity Book - on Money and Finance: https://amzn.to/41nQZFl #BankFees #BehavioralFinance #MoneyPsychology #MoneyHabits #PersonalFinance #MoneyManagement #FinancialLiteracy #FinanceTips #YoungAdults CHAPTERS 00:00 - How Banks Exploit Your Psychology 00:16 - Some Money Is Treated Differently 02:21 - The Payment Trap 03:53 - A Fee, Not a Feature The links here may be affiliate links, meaning at no additional cost to you, we earn a commission if you click through & make a purchase. Easy Peasy Finance is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. The information presented in the video and the description is for educational purpose only. The presenter(s) / speaker(s) / Easy Peasy Finance are not financial advisors, and do not provide investment advice. Please consult a qualified financial advisor before making any investment decision.