Reducing your bank fees is easy as with these three tips

As we have harped on in the last few blog posts, you shouldn't have to pay more bank fees than you have to.  If you don't watch your fees you could be literally be spending $100s each year.  To help you reduce your bank charges, and to give you an upper hand over the bank we provide the following three tips below.

Tip 1: Consolidate all of your bank accounts into one bank: This will keep things simpler for you and the bank will reward you if you have multiple accounts and you will ultimately pay less fees.




Tip 2: Don't pay late or dishonour fees ever: Build up a minimum balance of $1000 in your chequeing and bills account. Once you have money in your account, you are less likely to pay late fees or dishonoured fees. These fees are sometimes between $30 and $40. Better to keep this money for yourself.



Tip 3: Ask you bank if they will waive account fees: You may be amazed at how often the bank, especially if they fear they are going to lose your business, will consider waiving or reducing their fees.

So there you have it...three more tips to add to your arsenal against the banks.  If you want to learn how to save $1000s a year then check out our Money Saving Tips E-book. 

In other news...

Your editors wife is about to head off on an adventure.  She is heading over to Ethiopia to help out and help raise funds for an ophanage and a fistula hospital.  If you have read the book "Hospital by the River", it is the same hospital that Dr Catherine Hamlin established.  She is going with a group of 10 ladies including a journalist.  The trip is for seven days, after which they come back and start trying to promote the cause.  We support her and wish her well and are very proud of her.  Besides which, we get a "pass" to go on a boys weekend to Dubai and play golf!

She is out on the town tonight wearing pink tights, a designer pink costume and a full head piece.  No she isn't having an identity crisis, she is dressed up as one of the Mascots for the 2011 Asian Football Cup, which is being held in Qatar.  http://www.tehrantimes.com/index_View.asp?code=230385  the link shows you the costumes.

Cheers

Rusty