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Ahhh January (almost): Writing Some Big Checks & Avoiding Fees

December 30th, 2012 at 02:21 pm

I need to prepare to write some BIG checks.

Annual property taxes and the final estimated tax payment for 2012 will be due. Neither of these is a surprise. I knew about the estimated taxes when I filed my tax return in February. And we received our property tax bill in October.

I need to transfer funds from our on-line account to our local account with check-writing privileges. Where we live, property tax payments made any way other than a paper check incur additional fees, so of course we mail in our check. (I assume it is the same for federal income taxes?)

Some of you may remember that I think fees (bank fees, late fees, convenience fees, etc) are a big waste of money and refuse to pay them. Paying fees is like filling your car up with cash and driving down the highway with the windows open. Your money is gone and you have nothing to show for it. I wonder how much money we have saved over the years by not paying fees?

3 Responses to “Ahhh January (almost): Writing Some Big Checks & Avoiding Fees”

  1. creditcardfree Says:

    I agree with you on those fees!! I avoid paying those, too.

  2. Jerry Says:

    I hate the banking fees, too. BofA lied to us about their fees for foreign transactions when we moved overseas, and I know that leads to hundreds in additional costs over the past few years. Unfortunately we were not able to come back and close the account with them, but as soon as we can, we will. We will move all of our accounts to USAA, who also handles our insurance, and doesn't charge extra for overseas stuff.
    Jerry

  3. FrugalTexan75 Says:

    Yep, bank fees are atrocious!

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