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35 Outrageous Fees - And How To Avoid Them 1comment
Recently, CNNMoney.com posted an article containing 35 outrageous fees, along with tips on avoiding them. Unfortunately, due to the terrible layout of the article (you’re forced to jump from page to page in a very awkward fashion), it’s almost impossible to see all of the fees and also jump to the one you want to read.
I did the footwork for you, and here’s the list of Money Magazine’s 35 Outrageous Fees. Each one is linked to the appropriate page on the CNN/Money site so that you can jump straight to the information about that fee. After the list is a bit of general commentary.
- Airlines: Paper tickets
- Airlines: Talking to a person
- Changing your flight
- Airlines: Reserving an aisle seat
- Overpacking
- Car rental: insurance
- Car rental: excise taxes
- Hotel fees: Internet connection fee
- Hotel fees: Resort fee
- Hotel fees: Automatic gratuities
- Hotel fees: Package delivery fees
- Hotel fees: Mini-bar restocking
- Phone surcharges: Carrier cost recovery fee
- Phone surcharges: AT&T’s tax-related surcharge
- Phone surcharges: Property tax surcharge
- Phone surcharges: Activation fee
- Phone surcharges: Cancellation penalty
- Gift card activation fee
- Junk closing costs
- Title insurance
- Biweekly payment fee
- ATM fees
- Monthly service fee
- Bad deposit fee
- Foreign currency fee
- Credit card late fees
- Balance transfer fee
- Over-limit fee
- Same day payment fee
- Mutual fund fees: Index funds
- Mutual fund fees: Large U.S. stock funds
- Mutual fund fees: Target-date retirement funds
- Variable annuity expenses
- Brokerage transfer fees
- 529 expenses
It’s a good list, but most of these “outrageous” fees boil down to consumer irresponsibility, unfortunately. Many of these are due to violations of clearly-stated policies by companies; just follow their policies and use some common sense and you’ll skip right over many of these fees. However, there is one fee that really irritates me that isn’t listed here: a fee to deposit loose change into your savings/checking account.







Wow, don’t we think alike!
David @ 3:26 pm December 29th, 2006 (comment #1)