/ 6 July 2010

Sort out those bank fees

If you opened your bank account more than three years ago, chances are you are paying too much in bank charges.

Due to an investigation into banking fees by the Banking Inquiry, banks introduced bundled account options that include a wide range of transactions for a set monthly fee.

For someone transacting more than 10 times a month, the bundled fee option could save you a significant amount in banking fees.

If you are an average banking customer, and spending more than R90 a month in bank fees, you need to speak to your bank.

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