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Title: How to Reduce Bank Fees Mayfields Three-Category Self-Assessment Guide

Denver, Colorado, United States, 22nd Oct 2025 - IMCWire - Bank fees may seem small at first, but over time they drain household budgets, student accounts, and small-business cash flow.Mayfield teaches that financial education isn’t only about saving and planning — it’s also about protecting your income from unnecessary costs.With a structured self-assessment guide, anyone can analyze their banking habits, identify avoidable charges, and take concrete action to reduce them.Understanding the Three Main Categories of FeesMost bank fees fall into three key categories: account maintenance fees, transfer fees, and overdraft fees.Mayfield’s approach is to evaluate each separately, then apply targeted solutions.1. Account Maintenance FeesThese are monthly or annual charges simply for keeping an account open. Many customers pay them without benefiting from the bundled services they supposedly cover.Mayfield encourages users to review their statements carefully and compare them with competitors’ offers — often, a no-fee or low-fee account better fits real needs.2. Transfer FeesMoney transfers — between accounts, to family, or abroad — can incur hidden costs.Students studying overseas and small businesses paying suppliers often face steep fees.Mayfield advises analyzing your transfer patterns: domestic vs. international, frequency, and amounts. Then, choose banks or digital platforms offering cheaper or free transfers for your most common transactions.3. Overdraft FeesNegative balances trigger high penalties that can quickly add up.Mayfield stresses monitoring balances and setting automatic alerts to prevent overdrafts.Linking your account to an emergency fund or backup savings can provide automatic protection.Many banks now offer no-overdraft-fee accounts upon request — worth as...

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