When
it comes to bank changes, don't we all think banks over charge us - and most of the
time feel there is nothing we can ever do. Well, there is actually a lot that you can do to save on changes. See below.
To
avoid fees you should follow these easy guidelines:
•
There
are many different bank accounts out there, select the most cost-effective
account for your needs. Make sure you know what your account fees are and what
you are getting for them.
•
Make
purchases using a cheque or debit card. It is safer, more convenient and free
of charge. Most stores offer a Point-of-Sale device which will allow you to
swipe your card when you purchase goods in the store instead of paying with
cash. You can also draw cash at these Point-of-Sale machines in stores such as
Shoprite, Checkers, Boxer and Pick n Pay stores.
•
Find
out what rewards come with your bank account. Many banks will often reward or
give value added services to customers to incentivise them to continue banking
with them and to bank in a cost effective way.
•
Don’t
withdraw at an ATM that belongs to another bank. These fees are very high and
can quickly add up.
•
Avoid
going into a branch where possible. Check to see what electronic or digital
services your bank account allows you to do. Most transactions are far cheaper
and it’s more convenient. Deposit money at an Automatic Deposit Teller (ADT)
instead of inside the branch.
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