12 Jul 2022

How can I avoid paying bank fees?

Non-Bank Loan Details

Bank fees will eat you alive if you are not careful enough. Thankfully, there are many ways to avoid paying unnecessary bank fees. Sadly, as much as we do not like paying bank fees, they are still necessary and mandatory. When paying a bank fee, make sure to write down the due date as well as the exact amount that you need to pay.

If you are avoiding bank fees, try looking for free services that do not require annual fees. For example, there are dozens, if not hundreds, of banks in Australia that offer free checking and savings accounts. Also, avoid over drafting your account. Try your best to always have a minimum of $100-200 in your checking. This way, random subscriptions, and payments don’t lead to overdraft fees. 

Some banks are also ditching paper to save money! If you are looking to help the environment, and save a few cents in bank fees, switch to online documents and reminders! Mortgage House is not a bank, but we are a lender with personalised solutions. We can offer you low fees and interest rates on loans like personal, car, and home loans.

Avoiding Bank Fees Conclusion

It is not possible to completely avoid all bank fees. While this is true, you can still decrease the number of bank fees you pay each year by switching banks to an online free checking and savings account. Not only that but avoiding late repayment and overdraft fees helps a lot to save money.

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