Not too long ago, consumers were up in arms about the bank fees charged by Bank of America. Indeed, some major banks toyed with the idea of adding a debit card fee. With consumers fresh off the anger of taxpayer-funded bailouts of major banks, additional fees didn’t go over too well. However, banks continue to moan about regulation and falling revenues (the big banks still make billions of dollars a year) and unhappy stockholders.

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If you’re raising children, you should make sure that you don’t neglect to teach your children about saving, even if you’re not doing it yourself.

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Conspiracy theories and gripes with The Establishment aside, it is possible that your bank or financial institution is raking in hundreds of dollars in fees from your hard eared cash every year, simply because you are unaware of how your bank fees are allocated.

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The truth is, the banks don’t want you to know about the fees on their products or how the interest is calculated on your credit card because they don’t want you to know how to avoid them. Therefore, you need to take control of your financial education and find out the top five things your bank will avoid telling you.

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