This is what you've been working for.

Welcome toe watch, Mojo.

And today we're counting down our picks for the top 10 dirty bank secrets.

You control the debt you control every I'm wondering what this fee on my A Countess.

I can't really talk about that.

From a financial standpoint, you are now in heaven for this list will be ranking the secrets and tips the banking industry prefers that you not know.

Do you know anything we missed?

Spill the beans down in the comments.

Number 10.

Don't bet on certain insurance products.

All right.

And what is the reason you're requesting alone today?

Wait for it.

Gasoline.

Don't rush me.

Don't rush.

Thank you.

I feel rushed.

Hey, we get it.

Taking out a loan or a line of credit with the bank could be a scary proposition.

Oftentimes a bank will offer up insurance on these financial products, framing it as a safety net of sorts, in case you fall on hard times and have difficulty paying back your debt.

What may I do for you?

We want to take out a half teaspoon.

Of course.

Of course.

Do you have an account with us and how What is your account number?

Unfortunately, there are occasional exceptions to these insurance plans that involve reading some very fine print.

These exceptions are rarely in favor of the borrower, meaning that the bank can collect on a portion of your debt.

Even if you paid for an insurance plan, that is the deal.

So be sure to take all the time you need with that contract before you sign up, number nine banks can reorder your transactions.

Balancing a checkbook can be complicated if you're someone with a lot of transactions.

If you're someone who doesn't keep a lot of cash and your account, the order of your purchases and deposits can absolutely make the difference between your account being in the black or slipping into the red.

How could all that money be going?

Some banks can order your daily transactions by their amount rather than the order in which they occurred, meaning that you could become overdrawn by accident.

Where's my money?

As we told you, we can't cover that amount within 24 hours.

Furthermore, some institutions may run your deposits after your purchases, or take a while to factor in that check, meaning that you may incur overdraft fees at the worst possible time.

So what, We're supposed todo we're just supposed to give up and accept that this is the way of the world.

I'm not gonna do that.

Number eight Ah, little debt can sometimes be useful.

Banks make money off lending and debt, but you don't have to take on a lot of debt in your life.

After all, getting yourself in the mountains of debt is not a good idea.

Tony, I'm sorry.

I'm sorry.

I'm just having a bad luck.

Just got wash.

However, having absolutely no debt history could be justice detrimental, especially when attempting to convince a bank toe lend to you.

It's important from their end to know that you're a trustworthy individual who has a history of paying back debt.

A lannister always pays his debts.

A good idea for young borrowers is to start small with a store card at a place where you do a lot of shopping, preferably one with a low credit line.

That way you can build a little credit without worrying about getting in over your head.

With debt, you control the debt, you control everything number seven Cash is king.

This is it.

This is what you've been working for.

Have you ever been to a restaurant or store that Onley takes cash?

It may seem to be an odd choice in the modern day, but there's a very rational reason behind it.

Businesses get charged for every swipe of a credit or debit card, often including refund swipes and even miss swipes, so you can understand why they just rather not deal with that sort of cash bleed.

On the other hand, some banks or credit unions also charged their members of fee when they swipe their cards as debit rather than credit.

It's usually something small, like a quarter, but it's still a wise move to read the fine print and make sure this isn't something that affects your account.

Number six.

Let your bank know when you travel.

Most of us love to travel, and oftentimes the excitement of our upcoming trip can factor into forgetting something very important.

Like the subject of this entry.

Be sure to let your bank or credit card company know in advance when you're planning to leave the country on vacation.

Otherwise, be prepared to get hit with a lot of fees for swiping your credit or debit cards while on foreign soil.

Think of.

It's sort of like roaming on a cell phone plan.

It's super expensive and best to be avoided.

If you could do so at all costs, either bring cash or give your bank a call and explore your options.

Number five Foreign exchange rates.

Speaking of cash, the next entry on our list is something you should think about before and after any vacation into a foreign country.

It may seem smart and convenient to exchange any of your own currency at a bank to the denomination of where you're going, but there are other options.

Oftentimes, banks won't be offering you a very good deal when it comes to an exchange rate.

Not when there are specialists you can visit to get a smidge more for your money.

Oh, and be sure to do this before returning home to There are usually plenty of options for tourists to do.

Just this, regardless of destination.

From a financial standpoint, you are now in heaven.

Number four, the right of set off the right of set off, also known as a banker's lean refers to when you have both a checking or savings account and alone from that same bank.

This could be a mortgage business or personal loan, and it basically means that the bank can take money from your savings or checking.

Should you fail to make payments on your other loan.

Now any sort of big money loan should always be negotiated in good faith.

But sometimes things happen and we can't make those monthly payments.

This is where the right of set off comes in.

Transferring your funds into another bank could delay this, but only as long as it takes for the bank to come at you by other means.

So be aware.

Number three credit over debit.

No one likes to talk about fraud, but unfortunately, it's a growing concern.

In today's digital world.

There isn't a one size fits all solution, but among the possible fixes the card industry is recommending is a technology called token ization, which replaces cardholder information such as account numbers and expiration dates with unique Siris of numbers that validates the customer's identity.

Debit cards may be favored for speed and convenience, but it's paying by credit that gives you the most protection when it comes to fishy activity.

When you use your credit card, your protected under the liability umbrella of the credit company.

Whereas when you use a card as a debit, any fraudulent activity still results in your money being spent.

Who are the perpetrators of these cybercrimes?

They could be sitting next door behind the keyboard there, or they could be on the other side of the world.

Quite frankly, because those funds air gone, there's a smaller window for you to report any fraudulent activity.

After this window closes, you may be held liable for more than you bargained for.

We're screwing No.

Hey, I don't wanna hear that defeatist attitude.

I wanna hear you upbeat.

We're screwed.

Number two banks are open to negotiation.

Our offer is final, and it's more than fair.

Wait a minute, I thought were negotiating here.

Okay, so being overdrawn sucks.

But did you know that you can contest that fee and get it reversed?

The world of banking is sort of similar to the cellular market in that there's a lot of competition.

As a result, banks want to keep you as a customer and are often willing to work things out when it comes to fees or contested charges.

It's a home equity loan.

Then give me a business thes 13 locations.

You want him?

Me personally.

It's your business, correct?

You own it.

The same goes for credit card companies.

Missed a monthly payment, call them up and ask for a one time forgiveness of the fee.

Getting whacked with multiple overdraft charges may be implied that you might take your business elsewhere.

Credit A PR rates are also on the table when it comes to negotiation, so try to get the best deal I've never negotiated.

I e mind if I try no charges before we name our number one pick?

Here are a few honorable mentions.

Don't pay off that bill early for certain bills.

Take your time lest you be charged a fee.

I'll do this.

It can't be that bad.

It's just like a Band Aid.

It's gonna be fine.

Closing unwanted cards.

Banks look at credit utilization when considering loans.

Well, the decision you've gotta make is do I wanna live with credit or do I wanna end debt or do I want to live without it?

If you're gonna live without it, Then you can close up everything.

80 MPs don't withdraw out of your network.

According to a new report from bankrate dot com, out of network ATM fees have never been higher a 55% in just the last decade.

Free is relative.

Checking accounts can hide hidden fees.

I'm wondering what this fee on my A Countess.

I can't really talk about that.

Why not?

Because that is a what?

That's a hidden fee.

Wait, but I have free check Skin bank tellers aren't financial experts.

Consult a specialist.

Welcome.

Miami Mutual Bank.

How may I help you?

My name is Frank Taylor.

I'm a copilot for Pan am.

I'd like to cash this check here and then I'd like to take you out for a steak dinner.

Oh, what more Mojo Context TV produces original high quality videos on business, entrepreneurship and politics.

But from a different point of view, the battle is being fought between Netflix and YouTube.

The Federal Reserve should remove all of the current board members who served during the fake accounts scam.

If you want exclusive interviews with industry leaders in depth media analysis and documentaries with a fresh take on the state of business.

Check out context TV number one Fees, fees, fees.

Come on, goes your bank fees.

Yeah, we'll say it again.

Fees.

Fees are a huge part of how banks actually make money from holding onto your money.

They're relying on you, making a mistake now and then and paying the price in fees, fees and more fees.

We're seeing little niggling and nickel dime ing, as they call it, bits and pieces here and there.

And you could tell that they're trying to make money from the retail customer, but they're not all doing it in the same way.

This is especially important when entering into any sort of big money bank loan.

Like a mortgage.

Mortgage fees often lurk within the tiny print of the banking contract, so it's of the utmost importance to read all documents over and understand what you're getting into.

Here's another example.

This bank statement is for a custodial savings account for the son of a colleague.

At the start of the quarter, it had $192 in it.

But as you can see, there was a string of withdrawals made by Chase Bank, the same goes for checking accounts.

Make sure that free account doesn't whack you with any expensive maintenance fees every month and you'll be a smart saver.

Isn't that my money?

This?

No, this is mine.

What is my feet?

Pop, Not ATM fee.

That makes no sense.

A customer service issue that's a fee.

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