Saturday, July 26, 2014
Top Entrepreneur News

Fri, 25 Jul 2014 23:00:00 -0500

In delivering a business pitch about a novel invention, be sure to bolster your presentation with facts and know your audience.

Fri, 25 Jul 2014 22:30:00 -0500

A Bay Area manager shares some new-company growing pains.

Fri, 25 Jul 2014 22:00:00 -0500

Of course you want the fattest profit margin you can earn, so don't undercut yourself trying to achieve it.

Fri, 25 Jul 2014 21:30:00 -0500

Around the world, organizations are doing good things to revitalize the places where they reside.

Fri, 25 Jul 2014 21:00:00 -0500

If you're plagued by a half-finished to-do list, and partially completed projects are taking over your life, here's a plan.

Fri, 25 Jul 2014 20:30:00 -0500

Video content is heating up the Internet. Entrepreneurs can jump on this bandwagon by producing simple explainer videos.

Fri, 25 Jul 2014 20:00:00 -0500

A company president reveals the secrets he wished he knew when he was a young manager starting out.

Fri, 25 Jul 2014 19:37:00 -0500

Preliminary discussions between Mark Zuckerberg and Travis Kalanick point to the social network's stated desire to diversify and monetize its messaging platform.

Fri, 25 Jul 2014 19:30:00 -0500

Results are often thwarted by factors beyond our control. Leaders build winning teams by focusing on what they can control.

Fri, 25 Jul 2014 19:00:00 -0500

Take a page from the journalist playbook and learn how to research, conduct and write interviews -- skills that will help you get your business’s message across.

Fri, 25 Jul 2014 19:00:00 -0500

Making a team from a staff working on separate continents requires more than just technology. Only the team leader can bring them all together.

Fri, 25 Jul 2014 18:30:00 -0500

As people are trying to navigate away from the 'corporate jungle' towards the land of supposed 'entrepreneurial utopia,' a lot of misconceptions arise. Here are five big ones.

Fri, 25 Jul 2014 18:10:00 -0500

After its first launch was held up by New York State Supreme Court, the San Francisco-based company is set to hit the streets in the Big Apple starting tonight.

Fri, 25 Jul 2014 18:09:00 -0500

We don't like to talk about faith, but it is a key component in letting go of situations we can't control.

Fri, 25 Jul 2014 18:00:00 -0500

Author of book on inventing shares his secrets that landed his book near the top of an Amazon chart.

Fri, 25 Jul 2014 17:30:00 -0500

Selling has very little to do with what you sell and everything to do with how you sell yourself.

Fri, 25 Jul 2014 17:03:00 -0500

Laugh. Watch Will Ferrell movies. Kiss your kids. Intentionally sweat. Stay hydrated.

Fri, 25 Jul 2014 17:00:00 -0500

To start a successful business, you'll have to quickly learn some techniques that aren't in any book.

Fri, 25 Jul 2014 17:00:00 -0500

Here's the first step to becoming more deliberate and intentional in your communication with others.

Fri, 25 Jul 2014 16:43:00 -0500

Big data, meet genetic data. Baseline Study, a Google X project, will collect genetic information from volunteers in order to refine the detection and prevention of diseases.

Fri, 25 Jul 2014 16:30:00 -0500

In the age of social media, the best publicity stunt reverberates with many echoes.

Fri, 25 Jul 2014 16:00:00 -0500

Our annual Best Cities feature explores the hot spots for specific business categories.

Fri, 25 Jul 2014 15:41:00 -0500

The latest Google Glass ban does not bode well for widespread adoption.

Fri, 25 Jul 2014 15:30:00 -0500

Three things that will transform any woman into an entrepreneur.

Fri, 25 Jul 2014 15:30:00 -0500

The online retail giant said it expects an operating loss of as much as $810 million for the current quarter, sharply below analysts' estimates.

Fri, 25 Jul 2014 15:25:00 -0500

Shares of the Mexican-style chicken franchise were off to a strong start on their first day of trading.

Fri, 25 Jul 2014 15:00:00 -0500

Take these habits to heart for a good night's rest.

Fri, 25 Jul 2014 14:30:00 -0500

You've paid your tuition in sweat to learn what you know about your company, your market and your industry. Applying that knowledge doesn't require a detour to grad school.

Fri, 25 Jul 2014 14:15:00 -0500

For true engagement, companies need to communicate with all their staff – and not just the ones with corporate email. Red e App founder Jonathan Erwin explains more.

Fri, 25 Jul 2014 14:00:00 -0500

Strategic investment in travel can save both money and time.

Fri, 25 Jul 2014 13:30:00 -0500

Distractions are plentiful when you are home, and often it’s only the most disciplined who can remain productive and efficient.

Fri, 25 Jul 2014 13:00:00 -0500

Mobile Roadie CEO Michael Schneider breaks down the qualities of a good app.

Fri, 25 Jul 2014 12:30:00 -0500

Don't succumb to life's pressures and an eventual burnout. Try these activities to find a happy medium between life and work.

Fri, 25 Jul 2014 12:00:00 -0500

Tips for providing answers and advice with confidence and without sounding like a jerk.

Fri, 25 Jul 2014 11:30:00 -0500

Over the last decade, Eric Dore and Shane McGuiness have seen Planet fitness grow from a regional fitness chain to an 800-plus location franchise.

Thu, 24 Jul 2014 23:00:00 -0500

Trademarks are inexpensive to obtain and grow in value as your business grows. It is never too early to trademark your brand

Thu, 24 Jul 2014 22:30:00 -0500

The three spots where product development startups are most likely to stumble - and how to get around them

Thu, 24 Jul 2014 22:00:00 -0500

Continuous delivery allows companies to deploy smaller sets of features more frequently.

Thu, 24 Jul 2014 21:30:00 -0500

The latest technological advances promise increased efficiency and productivity but have prompted even more labor. Here's one entrepreneur's solution.

Thu, 24 Jul 2014 21:00:00 -0500

We’ve all heard the saying that 'a team is only as strong as its weakest link,' but the number of business leaders choosing to ignore this sentiment is staggering. Don't make this mistake.

Thu, 24 Jul 2014 20:30:00 -0500

Accepting risks is a skill that can be learned. When you're ready to launch a venture, consider these five tips that have proven effective in the classroom.

Thu, 24 Jul 2014 20:00:00 -0500

Many entrepreneurs may be surprised to learn that federal laws have not addressed sexual-orientation or gender-identity bias inside private companies.

Thu, 24 Jul 2014 19:56:00 -0500

'There are only so many photos you're going to want to share with friends,' the CEO said during an earnings call. 'There's just a lot more people want to express.'

Thu, 24 Jul 2014 19:30:00 -0500

Three quotes shine a light on this much-discussed topic. The bottom line: Don't dive in until you're really ready to commit.

Thu, 24 Jul 2014 19:00:00 -0500

To get attention on the crowded Internet, you have to devote time to your craft and plan well.

Thu, 24 Jul 2014 18:36:00 -0500

James Proud, a former Thiel Fellow, has come up with a sleep-tracking system that is getting lots of love from the crowd.

Thu, 24 Jul 2014 18:30:00 -0500

The winning companies will figure out how to deliver a seamless and exceptional experience that satisfies users -- before they even ask for it.

Thu, 24 Jul 2014 18:00:00 -0500

Past performance is no longer an accurate proxy for future success. In hiring, the most critical skill is the ability to learn on the fly.

Thu, 24 Jul 2014 17:30:00 -0500

Spending time with ambitious youth is one of the best things you could do to jump start your own ambition.

Thu, 24 Jul 2014 17:00:00 -0500

Take a minute per day to forget that you're an overworked adult and see your anxiety melt away.

Thu, 24 Jul 2014 16:30:00 -0500

Any outfit promising a super-speedy turnaround will probably deliver less than optimum results.

Thu, 24 Jul 2014 16:25:00 -0500

A new survey from Sageworks finds that over 75 percent of small-business owners have never applied for a loan.

Thu, 24 Jul 2014 16:15:00 -0500

Piinpoint helps businesses choose where to open based on facts, not just intuition.

Thu, 24 Jul 2014 16:00:00 -0500

Without face-to-face contact, it’s difficult to manage the conversation, navigate complex issues or deal with difficult personalities in the group. The good news is there are specific techniques you can use to improve these calls.

Thu, 24 Jul 2014 16:00:00 -0500

The company missed expectations due to weak sales at Dunkin' Donuts in the U.S. and Baskin-Robbins' struggles abroad.

Thu, 24 Jul 2014 15:39:00 -0500

The case of an Airbnb guest who overstayed his welcome and now is a legal tenant raises critical questions about what the home-rental platform can do to protect its hosts.

Thu, 24 Jul 2014 15:30:00 -0500

For a close-knit team it is imperative everyone is on the page. If not, your startup could go into a tailspin.

Thu, 24 Jul 2014 15:00:00 -0500

The must-have characteristics needed to start, grow and expand your company.

Thu, 24 Jul 2014 14:30:00 -0500

Startups that thrive manage to eke out the first profits that convince investors to put in the money that grows the company.

Thu, 24 Jul 2014 14:00:00 -0500

The wealthiest companies work hard to know where every dime goes. Startups literally cannot afford to do less.

Thu, 24 Jul 2014 13:30:00 -0500

Filling key roles in your company is both crucially important and a distraction. It's important to know what you can delegate and what you can't.

Thu, 24 Jul 2014 13:00:00 -0500

The best venture investors may be the ones who can currently empathize with your status as a startup.

Thu, 24 Jul 2014 12:30:00 -0500

Don't just blame the Millennials. The struggle between the status quo and young up-and-comers is ageless, and important.

Thu, 24 Jul 2014 12:00:00 -0500

A group of franchisees are accusing the convenience chain of trying to make a profit by systematically forcing South Asian immigrant franchisees out.

Thu, 24 Jul 2014 11:30:00 -0500

The more information you can get on your competitor's website and online marketing efforts, the better.

Thu, 24 Jul 2014 11:30:00 -0500

After 30 years in the corporate world, Skip Wyatt decided it was time to create jobs instead of finding ways to eliminate them.

Thu, 24 Jul 2014 11:00:00 -0500

Analyzing customer data is just more proof of what we've always known. Actions really do speak louder than words

Thu, 24 Jul 2014 07:00:00 -0500

Chick-fil-A and Chipotle are two of the hottest brands in food right now. Here's how they're cashing in on travelers' tastes.

Wed, 23 Jul 2014 22:30:00 -0500

It turns out, products don't sell themselves, and customers enjoy interacting with people.

Wed, 23 Jul 2014 22:00:00 -0500

Meals and entertainment expenses can save on your taxes but you need to see it the way the IRS sees it.

Wed, 23 Jul 2014 21:30:00 -0500

Happy employees and great prices lead to devoted customers, or so the theory goes. A New England supermarket chain may sacrifice all this in a battle of cousins.

Wed, 23 Jul 2014 21:00:00 -0500

Make your client-support process a win for all involved, not excluding those answering the phones.

Wed, 23 Jul 2014 20:47:00 -0500

Earlier this year, the toy company launched Lego Ideas, a strategy to crowdsource new designs.

Wed, 23 Jul 2014 20:30:00 -0500

How do competitors deliver top performance when so much is riding on a single movement?

Wed, 23 Jul 2014 20:00:00 -0500

If you like to read for escape, read these books to escape to the next level.

Wed, 23 Jul 2014 19:45:00 -0500

The location-based social networking platform continues its rebranding efforts with a new logo.

Wed, 23 Jul 2014 19:30:00 -0500

There’s one thing worse than watching an entrepreneur crumble under a fatal barrage of questions.

Wed, 23 Jul 2014 19:00:00 -0500

There are many moral and ethical questions business owners face on a regular basis. Is there a right way to do things?

Wed, 23 Jul 2014 18:30:00 -0500

Facebook matters less as other social media platforms gain currency but it is still worth your effort, even if you need to pay for ads.

Wed, 23 Jul 2014 18:00:00 -0500

To generate revenue, you need customers to buy your products or utilize your services. Here's how to get started on the way to a cost-effective plan.

Wed, 23 Jul 2014 17:45:00 -0500

Turning business processes into games -- the idea behind the trendy buzzword “gamification” -- encourages frequent participation and makes mundane tasks entertaining.

Wed, 23 Jul 2014 17:45:00 -0500

Technology execs gather to discuss the challenges and opportunities of this growing industry.

Wed, 23 Jul 2014 17:30:00 -0500

Reading the fine-print is important, but big picture items -- and a little humor -- go a long way.

Wed, 23 Jul 2014 17:30:00 -0500

Managing the risk properly is the challenge. Use the right intelligence to make your moves.

Wed, 23 Jul 2014 17:00:00 -0500

Not all investors are created equal. Here are some tips on finding the best investor for your startup and its needs.

Wed, 23 Jul 2014 16:30:00 -0500

Foster new relationships abroad by building trust and minding important social cues.

Wed, 23 Jul 2014 16:10:00 -0500

Perhaps your greatest creative ideas will happen away from the keyboard, pen in hand.

Wed, 23 Jul 2014 16:00:00 -0500

We're not talking about illegal practices, like email span, but rather strategies that fall under the gray areas of marketing etiquette.

Wed, 23 Jul 2014 15:30:00 -0500

Are you the total package? Work to create the best version of you.

Wed, 23 Jul 2014 15:00:00 -0500

The steps you must take to turn a side hustle into a full-fledged business.

Wed, 23 Jul 2014 15:00:00 -0500

Officials believe the American-owned food supplier in China purposefully sold expired chicken to chains including McDonald's, KFC and Starbucks.

Wed, 23 Jul 2014 14:30:00 -0500

These three tips can keep staff empowered and engaged – without micromanaging.

Wed, 23 Jul 2014 14:00:00 -0500

You weren't afraid of risk when you launched your business, now take the risk of trusting your team to help you grow it.

Wed, 23 Jul 2014 13:30:00 -0500

Consumers can choose from an endless list of good products. They are loyal to brands as open about their values as their ingredients.

Wed, 23 Jul 2014 13:08:00 -0500

After 10 years in the Marines and a bout with leukemia, this franchisee decided she wanted to be an entrepreneur.

Wed, 23 Jul 2014 13:00:00 -0500

Sure, mobile banking apps let you track your cash on the go, but they can also help you protect it, too. Here's how. It's easier than you might think.

Wed, 23 Jul 2014 12:30:00 -0500

There’s no traffic on the extra mile.

Wed, 23 Jul 2014 12:00:00 -0500

With so much of our work now being done at computers, music has become an important way to 'optimize the boring.' Here's how to do it right.

Wed, 23 Jul 2014 11:30:00 -0500

With many unsatisfied with the current setup for giving feedback, find out how software can step into the breach.

Wed, 23 Jul 2014 11:00:00 -0500

Why events focused on the creative arts may be a more effective way to meet other innovators, find inspiration and reconnect with your entrepreneurial soul.

Sat, 26 Jul 2014 04:26:00 -0500

While investigations continue, at this point most people accept that the missile that shot down Malaysian Airlines flight MH-17 was supplied by Russia, came from an area that its separatists controlled and involved training—if not outright participation—from the Russian military. It has also become clear that the person most responsible for the tragedy is Vladimir Putin.  None of this could have happened without not only his approval, but his active support.  Sophisticated military assets simply do not get up and walk across borders by themselves.

Sat, 26 Jul 2014 01:30:00 -0500

Season 4 of The Walking Dead was rough. (Spoilers ahead.) Rick acted like a walker when he took a lethal bite of a man who was trying to harm his son and Carol has to kill Lizzie after the young girl became unhinged by the violence all around her and killed her sister.

Fri, 25 Jul 2014 15:42:00 -0500

Last night, a friend asked me if I had written about the huge solar flare that nearly converted all of us to an Amish lifestyle. It was a story I was familiar with, but I thought it was old news. After all, the huge Coronal Mass Ejection that could have wreaked havoc on our electric grid and other infrastructure had Earth been in its path actually occurred in 2012, and had been thoroughly covered here on Forbes and elsewhere months ago.

Fri, 25 Jul 2014 13:58:00 -0500

When New York career coach Sarah Stamboulie was working at financial services firm Cantor Fitzgerald in the human resources department some years ago, she was about to hire a support staffer. At the final stage in the process, she called the woman’s last employer, expecting to hear a glowing recommendation. Instead, the employer spoke haltingly and without enthusiasm. “It was totally damning with faint praise,” says Stamboulie. “They were basically saying this person never showed up and their attendance was bad.” Stamboulie, who has also worked in human resources at Morgan Stanley and Nortel Networks, before a stint in Columbia Business School’s alumni career services office and then in her own coaching firm, says she has seen this problem frequently over the years. Job candidates give out references who only grudgingly endorse their qualifications.

Fri, 25 Jul 2014 12:49:00 -0500

The iPhone 6 will be the most radical redesign in iPhone history. Central to that will be the move to larger 4.7-inch and 5.5-inch displays and central to convincing us this is a good idea will be ’s use of sapphire displays. But  Why is it better than glass and will it cost the earth?

Thu, 24 Jul 2014 21:07:00 -0500

This week a marijuana legalization initiative officially qualified for the ballot in Oregon. Voters will also consider legalization measures in Alaska and (probably) the District of Columbia this fall, so by the end of the year three more jurisdictions could join Colorado and Washington in allowing recreational use of cannabis. The differences among the five measures illustrate the advantages of federalism, which allows policy experiments that will help chart the course to the end of marijuana prohibition in America.

Thu, 24 Jul 2014 19:02:00 -0500

Who was the highest-paid female executive in the U.S. last year? Perhaps PepsiCo CEO Indra Nooyi comes to mind? Or Yahoo chief executive Marissa Mayer? While they feature prominently in the top 10 list of highest-compensated female executives, pole position was held by Safra Ada Catz, Oracle CFO and President, according to Find the Best research.

Thu, 24 Jul 2014 12:28:00 -0500

Universal (a division of Corp.) has dropped this full-length theatrical trailer for Fifty Shades of Grey courtesy of NBC's The Today Show. The last ten seconds are arguably not safe for work, yet the trailer earned the green-band (for general audiences) approval.  There was actually a sanitized for network television version that debuted this morning on The Today Show which was followed by an interview with the cast and a clip from the film. This was actually preceded several days ago by what amounted to a teaser to the trailer presented by Beyoncé Knowles's Instagram account. The star of Austin Powers: Goldmember and The Pink Panther will be singing a version of "Crazy in Love" for the film adaptation of E.L. James novel, some of which is sampled in the above trailer. It was certainly a different way to drop a yet another teaser for a trailer.  But them's the breaks as the technology changes how marketing materials like this are dispersed. In this day and age, how a trailer is released is arguably as much of a news story as the existence of said trailer and what it contains about the film it is advertising.

Thu, 24 Jul 2014 01:29:00 -0500

As nutty as it may seem to the uninitiated, the notion of looking for alien artifacts on our own Moon may finally be gaining mainstream scientific traction.

Wed, 23 Jul 2014 12:00:00 -0500

As we go through our day, we often need to give ourselves little pep talks in order to execute mentally taxing tasks at work, work up the gumption to make a request (such as for a raise), and encourage ourselves to stick with our budgets so we can afford that upcoming vacation to Buenos Aires.

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Is Your Bank Stealing From You?
By David Najor :: Friday, August 22, 2008 :: 13662 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!