Bank account fees and charges
It is important to remember that it costs fees to have a bank account. However, bank fees differ between banks and products, and there are accounts that include a range of services fee free.
Top Tip: Compare different banks and products to make sure you’re picking the best product for you.
Avoid unnecessary fees
- Use your own bank’s ATM’s as often as possible to avoid higher withdrawal fees
- Try to withdraw less, as you pay every time
- Use the additional channels your bank provides like till-point withdrawals
- Keep an eye on your bank statements to see where most of our fees are coming from
Your bank can provide you with information on exactly how much monthly fees cost and how much your transactional activities will cost you. If you develop cost-saving habits, you’ll be surprised at how much you can save, and how affordable banking can be.