smart banking – Page 2 – Pennysaverblog

Banking

Be Smart When Using ATM Machines

Interested in learning an easy way to save a bit of extra cash each month? Break your habit of using other bank’s ATMs and use your own bank’s instead. If you are someone who likes to take out cash every payday, rather than going to the nearest ATM, why not look for one that you can use for free?

So many people pay so many fees to their banks in the name of convenience or perhaps ignorance. Some people just don’t realize that they are being dinged time after time with fees charged not only by their own bank, but also by the bank whose machines they keep using.

February 19, 2011

Banking

Review Your Bank Accounts And Save Money On Fees

Are you still using the same bank account that you had when you were a child? If so, it’s time for you to review your bank accounts. This is also a good idea for anyone who hasn’t done a review of his/her bank accounts for a long time. You may be surprised to discover that you have been spending a lot of money on service fees simply because you don’t have the right banking package, or you could be forfeiting earning interest because you don’t have an interest bearing account.

The key is to be proactive. The best way to ensure you are using the best banking package to suit your needs, is to get a hold of a copy of the statement of fees for your financial institutions holding your accounts and determine what fees you are being charged on a regular basis. You can often find fee information online as well. Also, most accounts set up for children pay a very low interest rate, so if you are still using one, you should contact your financial institution and get it changed over to an interest-bearing account.

July 28, 2010