Bank fees are a significant problem for many people.
With most of the world’s biggest banks charging up to 15 per cent of a customer’s bank account fees, it can be difficult to cut back on what you save.
Here are some tips to help you cut your bank fees.
Understand the costs of fees on your bank account, how much you’ll be charged and when you’ll have to pay them out.2.
Take action to cut the amount of money you’re spending on bank accounts.3.
Look for savings accounts, overdraft protection schemes and cash-back offers to save.4.
Check your bank’s terms and conditions to see if you’re eligible for any savings or overdraft savings.5.
Look out for deals and promotions from the big banks, including those for new accounts.6.
Shop around for a good savings account provider to save for you.7.
Set up a payment plan to help reduce your bank costs.8.
Use your debit card to make cash withdrawals or deposits to pay bills and rent.9.
Read up on your new overdraft or cash-out protection plan, or try one that has been tailored for you and your budget.10.
Take advantage of some of the latest payment options for your bank, such as mobile wallets, cash back and cash back at the checkout.11.
Take the time to look up your current overdraft and cash withdrawal plans.12.
Get your bank details updated.13.
Try some of Cathay’s savings products to see how they work.14.
Take a look at our list of the top savings providers to help make the most of your savings.15.
Find out how to pay off your debt and reduce your monthly bills.