Tuesday, April 22, 2014
Top Entrepreneur News

Wed, 23 Apr 2014 03:37:00 -0500

Running your own business is stressful, tiring and risky. So, why bother? A new survey reveals some surprising insights.

Wed, 23 Apr 2014 03:15:00 -0500

Did the mistake lie not with a faulty part but rather with how the entire company dealt with problems?

Wed, 23 Apr 2014 02:35:00 -0500

Cognitive, artificial intelligence is moving into e-commerce.

Wed, 23 Apr 2014 02:32:00 -0500

Consumers must opt into the advertising initiative that adds weekly events to their electronic calendars via Apple, Microsoft, Google and Yahoo.

Wed, 23 Apr 2014 02:28:00 -0500

A newly published paper says geo-tagged tweets can assist in the prediction of crime.

Wed, 23 Apr 2014 01:30:00 -0500

Before you get too carried away with excitement, it’s important to slow down, take a deep breath and make sure that you’re actually ready to launch.

Wed, 23 Apr 2014 01:00:00 -0500

Explore these six ways to generate money from individuals and groups in order to make your non-profit organization a success.

Wed, 23 Apr 2014 00:55:00 -0500

New York-based startup Casper is looking to bring some transparency -- as well as vertical integration -- to the $13 billion mattress industry.

Wed, 23 Apr 2014 00:30:00 -0500

For those just jumping on the social-media bandwagon, here are a few tips on getting started.

Wed, 23 Apr 2014 00:00:00 -0500

When it comes to leadership, different employees take to different approaches. Having a cookie-cutter strategy can lead to disaster and in this case, losing top talent.

Tue, 22 Apr 2014 23:41:00 -0500

The program, which could earn customers store credit, is part of a larger environmental stewardship campaign.

Tue, 22 Apr 2014 23:30:00 -0500

In this video, tech expert Veronica Belmont shares some important business takeaways from the world of gaming.

Tue, 22 Apr 2014 23:20:00 -0500

When Netflix raised its subscription prices two years ago, users rebelled. This time, the company is doing it differently.

Tue, 22 Apr 2014 23:08:00 -0500

In a quarter that saw fast-food breakfast wars and the polar vortex, here's how McDonald's is measuring up to the competition.

Tue, 22 Apr 2014 22:30:00 -0500

If entrepreneurs raise a round of capital the more than likely will face the angst-inducing conundrum of determining board structure. Here are a few pointers.

Tue, 22 Apr 2014 22:18:00 -0500

The controversial streaming TV startup has battled broadcast goliaths before -- and won both times. Will it prevail again? Either way, Aereo's fate could forever change the way we watch TV.

Tue, 22 Apr 2014 22:00:00 -0500

You might not have heard of this company before. But that might soon change. It’s using guerilla-style marketing to aggressively get the word out about its forthcoming Android-based smartphone.

Tue, 22 Apr 2014 21:56:00 -0500

Looking to bolster your LinkedIn profile? You can now add photos from your phone.

Tue, 22 Apr 2014 21:55:00 -0500

As the SEC works on final regulations for equity-based crowdfunding, one of the pervasive fears has been that non-professional investors will be swindled by fraudsters. But is there really reason to worry?

Tue, 22 Apr 2014 21:00:00 -0500

Fail. Hope. Repeat. How a few simple steps can help you spring back if your startup fails.

Tue, 22 Apr 2014 20:00:00 -0500

Make sure your business capitalizes as users start to check out on Fridays.

Tue, 22 Apr 2014 19:54:00 -0500

Tony Lutfi started his career in franchising as a cook at Jack in the Box. Now he owns 21 restaurants – plus five other brands.

Tue, 22 Apr 2014 19:30:00 -0500

A subtle but important trait of the most successful entrepreneurs is the ability to manage uncertainty and strategically problem solve.

Tue, 22 Apr 2014 19:00:00 -0500

The root of behavior change and building better habits is your identity. If you change the type of person that you believe that you are, then it’s easier to change your actions.

Tue, 22 Apr 2014 18:30:00 -0500

If you want to success in business, a daily workout should be considered a must.

Tue, 22 Apr 2014 04:42:00 -0500

Shucks. 'Streetlamp of-the-sea' didn’t make the final cut. What did? We know you're dying to know the lucky newby's winning web name, so come find out.

Tue, 22 Apr 2014 04:38:00 -0500

Tom Preston-Werner's departure comes a month after an employee publicly stated that she was harassed by members of GitHub's leadership team.

Tue, 22 Apr 2014 04:12:00 -0500

Get ready to see more photos that are relevant to your interests.

Tue, 22 Apr 2014 03:30:00 -0500

Competition for all-star sales reps has never been fiercer. Adopt a winning strategy to build your team.

Tue, 22 Apr 2014 02:30:00 -0500

There's a reason why kids eat their vegetables, and you can apply it to business.

Tue, 22 Apr 2014 02:00:00 -0500

Decide that you desire to achieve your goals (and build a startup) more than you're afraid of the obstacles.

Tue, 22 Apr 2014 01:45:00 -0500

The sportswear company is shifting its focus from hardware to software.

Tue, 22 Apr 2014 01:30:00 -0500

There is no magic equation between taking control and leaving it up to a higher presence.

Tue, 22 Apr 2014 01:00:00 -0500

From 'You've Got Mail' to 'Office Space,' modern technology would have altered -- if not outright killed -- the plot of these films.

Tue, 22 Apr 2014 01:00:00 -0500

Why reinvent the wheel when you can take what’s worked for others and apply those principles directly to your business?

Tue, 22 Apr 2014 00:38:00 -0500

E-reader company Oyster has released a classic business best seller in a new pulsating format created by startup Spritz.

Tue, 22 Apr 2014 00:30:00 -0500

Access to capital can pose a challenge ot many a new business. Make sure you obtain financing from legitimate sources.

Tue, 22 Apr 2014 00:23:00 -0500

You've got to bring in the money if you want to achieve your mission. Here are five financial sources you should consider.

Mon, 21 Apr 2014 23:59:00 -0500

Bowing to customer outrage, the food giant has done an about-face on its terms of service.

Mon, 21 Apr 2014 23:30:00 -0500

In this video, tech expert Veronica Belmont discusses the one thing business owners need to do better when it comes to technology.

Mon, 21 Apr 2014 23:07:00 -0500

Silicon Valley's biggest tech rivals are seriously upping their game in the mobile gaming battle. Here's how.

Mon, 21 Apr 2014 22:30:00 -0500

The first hires for any startup are the most important. Here's what to look for.

Mon, 21 Apr 2014 22:26:00 -0500

The billionaire has announced plans for a 240-room hotel in trendy Nashville, Tenn., following additional slated properties in Chicago and New York.

Mon, 21 Apr 2014 22:07:00 -0500

You may be able to order pouches of powdered vodka, Cosmopolitans and 'Powderitas' as soon as this fall.

Mon, 21 Apr 2014 22:00:00 -0500

The popular Entrepreneur.com contributor will talk about confidence, founding a startup around your passion and growing that business so that you can live the type of life you've always wanted.

Mon, 21 Apr 2014 21:45:00 -0500

Hate writing? You're not alone. Here are top tips from writing professionals on how to break through the paralysis and start to put words on the page.

Mon, 21 Apr 2014 21:27:00 -0500

The mobile-payments company founded by Twitter co-founder Jack Dorsey has reportedly been talking to suitors about selling itself.

Mon, 21 Apr 2014 21:00:00 -0500

Becoming an entrepreneur is a process.

Mon, 21 Apr 2014 20:30:00 -0500

For entrepreneurs, hiring is an essential function for their startup. A bad hire can lead to major headaches, while an amazing addition can help propel a company to the next level.

Mon, 21 Apr 2014 20:00:00 -0500

As one company 'breaks up' with the social-media company, some tips for how your page can stay relevant and in front of your customers.

Mon, 21 Apr 2014 19:30:00 -0500

Twitter is a great way for your business to share news, engage with customers and attract new ones. While it takes a bit of work to gain a large following, the payoff is huge.

Mon, 21 Apr 2014 19:00:00 -0500

While business owners call in SEO experts, ask their friends for freelance referrals and even search through the latest content-dating sites, finding quality writers to produce content may just be right under their nose.

Mon, 21 Apr 2014 18:30:00 -0500

Even though a reported 80 percent of all U.S. enterprises are family run, doesn't mean it is easy. Here are a few pointers on how to get along (and be successful).

Mon, 21 Apr 2014 18:30:00 -0500

After nine years in the military, Tai Jeffries refuses to settle for anything less than her male counterparts as a cleaning franchisee.

Mon, 21 Apr 2014 18:15:00 -0500

Procrastination may be hereditary, but that doesn't get you off the hook: It's still possible to develop better habits and change your behavior.

Mon, 21 Apr 2014 17:00:00 -0500

Seeking out top-notch young employees often leaves business owners feeling disillusioned.

Mon, 21 Apr 2014 03:00:00 -0500

While both genders are hooked on social media and mobile devices, they prefer to use the technology differently. Here's what organizations need to know.

Mon, 21 Apr 2014 01:00:00 -0500

A corporate nomad explains her discovery of ways to absorb the amazing places in her travels while still accomplishing her business goals.

Sun, 20 Apr 2014 02:00:00 -0500

A roundup of some of the Apple co-founder's thought-provoking words, collected from various interviews and speeches.

Sat, 19 Apr 2014 23:30:00 -0500

Oakland A's second baseman Eric Sogard discusses how he manages his finances, so he can make smart future investments.

Sat, 19 Apr 2014 05:00:00 -0500

Robin Chase says that to make positive change on a large scale, social entrepreneurs need to make sure they are first and foremost catering to the needs of their customer.

Sat, 19 Apr 2014 04:30:00 -0500

A new generation of corporate buyers is seeking ways to evaluate enterprise technology in the same way that shoppers tap Yelp for insight about consumer products.

Sat, 19 Apr 2014 04:00:00 -0500

Trying to pick the best option as you move through the startup paces? Gain insights from someone who's been through both types of programs.

Sat, 19 Apr 2014 03:00:00 -0500

Adoption of better safeguards in the physical world will drive criminals to electronic theft, argues payments validation entrepreneur.

Sat, 19 Apr 2014 02:18:00 -0500

You’ve probably seen that viral video claiming moms have the toughest job in the world. Now, men are getting their time in the limelight with a parody video by Bud Light.

Sat, 19 Apr 2014 02:00:00 -0500

With consumers' attention span shrinking by the second, companies need to think quickly. One solution is micro-content.

Sat, 19 Apr 2014 01:30:00 -0500

Increases in staffing at a growing company can pose a challenge when juggling the wide swings in client workload.

Sat, 19 Apr 2014 01:29:00 -0500

Olle Lundberg, founder of Lundberg Design and the man behind Twitter's birdhouse-themed San Francisco headquarters, shares tips for improving office productivity and morale.

Sat, 19 Apr 2014 01:23:00 -0500

Fast-food chains have been trying to one-up each other with wacky offerings like the Waffle Taco and Chicken Corsage. Here are some of the weirdest items on the menu.

Sat, 19 Apr 2014 01:00:00 -0500

If you hit it right, antique toys can be a highly valued part of your investment portfolio.

Sat, 19 Apr 2014 00:49:00 -0500

Mothers are some of the most engaged people on Facebook, so make sure your business has a Mother’s Day campaign ready.

Sat, 19 Apr 2014 00:28:00 -0500

If you're not sure where to locate your business, these tips can help you decide whether to start at home or rent commercial space.

Sat, 19 Apr 2014 00:14:00 -0500

Target's online subscription service launched in September with just 150 baby-care items. Now, it's increasing its product offering tenfold, offering everything from K-cups to dog food for regular delivery.

Sat, 19 Apr 2014 00:00:00 -0500

Buckling down to accomplish heaps of tasks seems to have fallen out of fashion lately. But success demands massive amounts of this very stuff.

Fri, 18 Apr 2014 23:30:00 -0500

Instead of being afraid to share information about your firm, embrace it as a new way to hire (and retain) social media-savvy job seekers.

Fri, 18 Apr 2014 23:25:00 -0500

More Americans report they would rather forgo sex than a mobile phone, and almost 70 percent of Americans say they check their mobile phone even when it hasn't made any indication of a message arriving.

Fri, 18 Apr 2014 22:30:00 -0500

Content marketing and social media expert Jayson DeMers talks about one of the big social trends to watch out for in 2014.

Fri, 18 Apr 2014 22:13:00 -0500

A security hole allowed data thieves access to some customer card information but not names, addresses or PINs.

Fri, 18 Apr 2014 22:00:00 -0500

Television interviews are a high-stakes game that can pay major dividends. With these strategies, you’ll be able to enhance your ability to get your message across.

Fri, 18 Apr 2014 21:30:00 -0500

Pitching to investors can be a full-time job, but if you prepare yourself for meetings, it can save you precious time.

Fri, 18 Apr 2014 21:00:00 -0500

Nonstop flights are great. Nonstop talking seatmates? Not so much. We turned to some experts for help.

Fri, 18 Apr 2014 20:00:00 -0500

A snapshot of what works best in the current Facebook landscape and how quickly things can change.

Fri, 18 Apr 2014 19:30:00 -0500

Professional coach and Entrepreneur.com contributor Lindsay Broder on what you need to keep in mind when managing a startup -- and a team -- through a rough patch.

Fri, 18 Apr 2014 19:00:00 -0500

Sonja Rasula was tired of boring business conferences. So, she used her summer camp memories as a launch pad for CAMP, a new kind of networking event for adults.

Fri, 18 Apr 2014 18:30:00 -0500

After her father's death, Jane Daume was inspired to become a franchisee for an in-home care business for seniors.

Fri, 18 Apr 2014 17:31:00 -0500

In the wake of the recent Heartbleed SSL bug revelation, it's more crucial now than ever to update all of your online passwords. Here's how in one easy, neat and tidy infographic.

Fri, 18 Apr 2014 17:00:00 -0500

A device called the MIDI Sprout, which transforms plant biorhythms into a sort of music, is sowing major seed funding on Kickstarter -- to the tune of over $27,000.

Fri, 18 Apr 2014 03:36:00 -0500

The American food manufacturer has made an unprecedented sneaky, (anti)social media move to keep itself out of court.

Fri, 18 Apr 2014 03:30:00 -0500

A recent court ruling finds companies aren't protected from suits by public figures if corporate ads feature them without prior consent.

Fri, 18 Apr 2014 02:25:00 -0500

Facebook's latest feature allows you to see which of your friends are near your physical location in real time.

Fri, 18 Apr 2014 02:20:00 -0500

Boston Pizza customers can now vote on whether the chain should begin selling a Pizza Cake, a gas-powered pizza cutter or a pizza air freshener.

Fri, 18 Apr 2014 01:40:00 -0500

According to a new Pew study, if you're like a lot of Americans, you'd like to own something that gets you places faster, lets you time-travel or somehow prolongs your life.

Fri, 18 Apr 2014 01:30:00 -0500

The White House has made April National Financial Capability Month.

Fri, 18 Apr 2014 01:13:00 -0500

Follow these tips for determining a price that makes you a profit without gouging your customers.

Fri, 18 Apr 2014 01:03:00 -0500

If you’re thinking of quitting Facebook, get in line.

Fri, 18 Apr 2014 01:00:00 -0500

Before Americans start celebrating a drop in the number of uninsured, you first have to look behind the numbers.

Fri, 18 Apr 2014 00:30:00 -0500

For nonprofits, fundraising isn't just about the 'ask.'

Fri, 18 Apr 2014 00:24:00 -0500

The tech giant's latest mobile operating system may boast a song recognition feature in a partnership with Shazam.

Thu, 17 Apr 2014 23:05:00 -0500

The peer-to-peer lending site announced today that, with its acquisition of Springstone Financial, it would be expanding its reach in consumer finance.

Thu, 17 Apr 2014 22:46:00 -0500

No, you're not mean. Just smart. Sometimes it's okay to ignore connection requests on the world's most popular career social networking platform. Here's when you probably should.

Wed, 23 Apr 2014 03:11:00 -0500

As part of the never-ending battle for the consumer dollar, , which owns some 120 high-end malls through the U.S., has recruited RetailMeNot to its side.

Tue, 22 Apr 2014 23:38:00 -0500

If you've tried to apply for a job lately, you know that employers are blowing smoke when they whine "It's so hard to find good people!" It isn't hard at all to find good people. It's only hard to convince good people with normal self-esteem to slog through the endless gauntlet of demeaning, soul-crushing steps that make up the typical corporate Selection Pipeline.

Tue, 22 Apr 2014 21:04:00 -0500

Ah, April 22, when environmentalists celebrate Earth Day, and communists celebrate Lenin’s birthday, and no one really bothers to notice either any more.

Tue, 22 Apr 2014 13:38:00 -0500

For decades large companies have gone shopping in Silicon Valley for startups. Lately the pressure of continuous disruption has forced them to step up the pace.

Tue, 22 Apr 2014 13:34:00 -0500

By Cory Treffiletti

Tue, 22 Apr 2014 09:02:00 -0500

1. Don’t change the two most important people in the organisation at the same time

Tue, 22 Apr 2014 03:41:00 -0500

This weekend the Taiwan Foreign Correspondents’ Club holds its annual meeting and it needs a quorum of just 10 people. Government departments sometimes struggle to meet their quorums for international media when sponsoring feel-good trips to see floral exhibits or the Taipei zoo’s baby panda. Foreign media journalists are becoming endangered in Taiwan because the once volatile island now lacks steady flows of news of interest to mass-market foreign audiences.

Tue, 22 Apr 2014 02:17:00 -0500

Ain't no sunshine any more in Lakerdom, as rebuilding drags into its second season.

Mon, 21 Apr 2014 14:24:00 -0500

Workplace uncertainty has created a survival of the fittest mentality where people are being forced to look after themselves, with the hopes of finding a leader who can be a mentor they can trust and that guides them rightly. Employees are inspired by leaders who provide them with their wisdom and access to resources; that open new doors of opportunity and connect them to meaningful relationships to help them achieve career success.  Employees want leaders who have their backs and best interests at heart.   Twenty-first century leadership requires new skills that tap into your natural characteristics and an elevated awareness of employee strengths and capabilities. Enabling their authentic engagement and earning their trust and loyalty keeps  people motivated, focused and productive.   , especially when you consider that leaders must adapt to behavioral nuances from a more diverse, multi-generational and cross-cultural talent pool that demands specific attention to boost their full potential.    Every leader must be a change agent or face extinction.

Sun, 20 Apr 2014 23:51:00 -0500

Throughout my 18-year corporate career, I had scores of managers who were, sadly, anything but inspiring.  The majority were clueless as to how to motivate, lead or develop their staff, or help employees utilize their best talents to grow and contribute in a meaningful and exciting way.  I did have a few great bosses, but they left quickly or were drummed out of the organization for being too creative and innovative. (Escaping poor management is one of the core reasons I chose to start my own firm and become my own boss.)

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Is Your Bank Stealing From You?
By David Najor :: Friday, August 22, 2008 :: 12587 Views :: Article Rating :: Business & Finance

California, USA - “Few would argue that the energetic entrepreneurs have transformed small business in metropolitan areas of Michigan, California, Illinois, Arizona, and Nevada,” says Rebecca Cohen of California’s Bank & Trust speaking of Chaldeans.  “They are hard-working, brilliant in business, and have a remarkable talent for negotiations.”

Although the accolades and praise rings true to many, Chaldean business owners still remind budding entrepreneurs to be mindful of banks when doing business. 

“Banks are like any other business.  Their inventory is currency.  They want to buy currency when it is inexpensive and sell or loan to you at a higher rate,” says Masood Bajou.  “Chaldeans in business or not, should always keep a close eye on their banks and the fees they charge.”

Increasingly, banks are finding ways to impose bigger and trickier fees on account holders.  Uncovering the creative ways banks assess fees and other hidden costs to their customers was no easy task.  Nonetheless, Chaldeans should be watchful over some of the sneakiest fees and quickly master ways you can avoid them...

ATM Overdraw
Many ATMs are allowing their customers to overdraw on their accounts. Request cash from your bank's ATM, and you will almost certainly receive it -- even if there is not enough money in your account to cover the withdrawal. Banks could easily program their ATMs to decline such transactions or to warn you that such a transaction will trigger a hefty overdraft fee, but that would mean a loss of extra fees for the banks.

Chaldean Self-defense: Check your balance before making the withdrawal if you are not certain there is enough money in your account.

Double ATM fees.
Last year, Bank of America increased its ATM fee for non-account holders from $2 to $3, and other banks are likely to follow suit. ATMs warn customers of this type of charge, but many ATM users do not realize that their own banks often charge an additional fee of between $1 and $2.50 for using an ATM that belongs to another bank chain. That means the total fee for an out-of-network ATM transaction can top $5.

Chaldean Self-defense: Use only your own bank's ATMs.

Check Overdraft Penalities
Clear the biggest checks first to maximize overdraft penalties. Most banks charge a fee of $30 to $40 each time an account holder bounces a check. (Any merchant who received your bad check might charge you a penalty as well.) In addition, many banks now follow a practice that often automatically increases the number of checks that their customers bounce. They do this by first deducting from your account the largest check amounts when processing a batch of your checks.

The banks claim they do this because large checks tend to be the most important, but consumer advocates contend that it is just a way to maximize fees. Bank of America, Citibank, HSBC, Wells Fargo and many other banks engage in the practice.

Example: Five checks you wrote reach your bank on a given day -- four checks for small items followed by a $1,400 mortgage payment. If there is only $1,300 in your account, only the final check -- the big mortgage payment -- should bounce. Instead, your bank processes the large mortgage payment first, which means that all five checks will bounce. Rather than a $30 or $40 overdraft fee and one upset check recipient, you now face $150 to $200 in overdraft fees and five perturbed check recipients.

Chaldean Self-defense: Avoid writing many checks or making several debit card purchases in a short period if you are not 100% certain that there will be enough money in your account to cover all of them.   Also, check with your bank to see if they have overdraft protection should you have both a savings and checking account. This is often a free service so be careful of banks that charge for this basic service.

Another hidden fee is getting a penalty for someone else's bounced check. A penalty when you bounce a check is one thing -- but many banks now charge a fee of $5 to $10 to the recipient of a bad check as well.

Chaldean Self-defense: Do not accept checks as payment unless you are confident that you can trust the payer.

Account Dormancy Fees
Some banks charge a fee of several dollars per month to keep an "inactive" or "dormant" account open. In Michigan, Charter One is notorious for this practice.  Banks have different criteria for what they consider a dormant account, so be sure to ask your bank about its rules.

Chaldean Self-defense: Close any unnecessary accounts.

Banks might charge you a fee of $5 or more if you close an account within six to 12 months of opening it. These fees are particularly common at bank branches located in college towns, because banks know that students often close accounts at the end of each semester or school year. Example: Here in California, KeyBank charges an early closure fee of $25 when "Express Checking" accounts are closed within 180 days of being opened.

Chaldean Self-defense: Ask about account closing fees before you open the account. Don't open an account at a bank that charges such a fee if you expect to leave the region or close the account for another reason anytime soon.

Gift Card Fees.
Banks sell gift cards like those offered by retailers. They can be used just as you would use a bank-issued debit or credit card. Unlike retailer gift cards, however, bank gift cards often carry account fees of as much as $2 or $3 per month. If the recipient does not spend the money quickly, a significant portion of it might gradually disappear.

Chaldean Self-defense: Give cash or a check -- or a retailer gift card -- rather than a bank gift card.

Teller and Phone Fees.
Some banks now charge $1 to $5 or more every time an account holder interacts with a teller or customer service representative in person or on the phone (or every time the account holder exceeds a preset monthly teller transaction limit). At some banks, this charge applies even when customers call the bank but interact only with the automated system. Customers are not told that they are being charged a fee at the time of the transaction, and they often are unaware of the rules.

Some banks even charge a fee for certain ATM services, such as requesting a "mini-statement" that summarizes recent transactions.

Chaldean Self-defense: Ask your bank if your account has a limit on the number of free teller visits or calls. If it does, do as much banking as possible through ATMs or on-line.

Also, ask to have any teller or phone fee waived when your call or visit is about a bank error, involves opening an account or is because the bank's ATM is out of service. You also may avoid these fees if you maintain a certain balance in some accounts.

PIN fees.
Some banks now charge a fee of 25 cents to $1.50 each time a customer uses a personal identification number (PIN) for a debit card transaction at a retailer. Debit card users typically can choose to either sign for purchases or type in their PINs.

Banks impose PIN fees to encourage customers to sign for purchases, because banks can charge retailers higher fees when they do. Trouble is, many Chaldean cardholders don't even know that PIN fees exist.

Chaldean Self-defense: Try to use credit cards rather than a debit card. If you do use a debit card, check whether your bank imposes a fee when you enter a PIN. Consider switching banks if it does.

HOW TO AVOID FEES

Many Chaldean bank customers learn that fees only after when charges appear on their account statements -- if they bother to read their statements at all.   By law banks are required to give new customers a "Truth in Savings Disclosure" statement detailing all of their fees and to notify customers in writing when policies change, but few read the fine print of bank literature. Chaldeans should routinely ask their bank for a copy of the fee-disclosure statement for their accounts.

Chaldeans will often say that their banks waive the fees because they are good customers, but this is less common now. At many banks, low-level employees no longer even have the right to waive fees, and the managers who do are increasingly unwilling to be lenient -- though it is still worth asking to have questionable fees waived when they appear on your statement.

Always keep a good record of what you have tied to a bank.  Banks know that if you have your mortgage being automatically withdrawn, direct deposit for professionals, or a business account with business dealings electronically tied, they know you are less likely to leave over the fee charges.  Some banks will take advantage of this situation and nickel and dime Chaldeans to death. 

Having all your information accessible makes it easy to call their bluff and transfer your accounts to another bank.  Competition is the only way to keep the banks offering great service at reasonable costs. 

Now that is advice you can take to the bank!