Banks Are Quietly Charging You for These 6 Ridiculous Things

6. Inactivity Fees: Penalizing Dormant Accounts

Inactivity fees are charged when an account remains dormant for a specified period, typically six months to a year. These fees can range from $5 to $20 per month and are intended to encourage account holders to keep their accounts active. However, if you have an account you rarely use, these fees can be a costly surprise. To avoid inactivity fees, make sure to perform at least one transaction, such as a deposit or withdrawal, within the required timeframe. Alternatively, consider closing unused accounts to eliminate the risk of incurring these unnecessary charges.