I remember the day I got my very first checking account; I was 10. I remember my bank book too; it had an owl on it with a college graduation cap on its head; I felt so grown up. Around about my 15th birthday I got my first genuine task and coincidentally needed to update my account. I didn't recognize it then however that upgrade allowed the bank to charge me for deciding to have an account with them!
That was when the banking system started their legal confiscation of my money so I hated banks and banking fees at a really early age. To date, I have not paid a bank cost in over 15 years and I'll show you some of the unidentified money-saving tips that I have actually used along the method!
Unidentified Money Saving Tip # 1 - Scrutinize Banking Fees - While banks are in business to serve the community and the client, constantly bear in mind that they are also a company, and companies love revenues! At almost half of all banks, overdraft costs alone surpass overall bank profits. The banks call it "protection" to avoid you to believe that "THEY, THE BANK" are securing you.
Unidentified Money Saving Tip # 2 - Let Your Voice be Heard - If you discover unfounded charges to your account, do not be afraid to contest them. I understand that you may be subject to frustrating wait times and annoying department re-directs while trying to speak with someone at your financial institute; however there might be a simpler, more reliable method of being heard. Try taking your complaint to a social networks platform like Twitter.
It is really public and banks have a brand they have to safeguard. Also note that the majority of banks have a particular Customer Service Twitter handle that will generate a quicker response than their general Twitter account. Utilize the changing times of technology to your benefit.
Unidentified Money Saving Tip # 3 - Dispute all erroneous Credit Card Charges - Credit Card fraud has been on the rise since the advancements in technology so it is crucial to be an active and not passive consumer when evaluating your regular monthly Credit Card declarations. Do you see a prolonged service warranty charge for your recently purchased TV that you make sure you refused? All is not lost as a lot of major charge card business will directly handle merchants on your behalf if there appears to be an incorrect charge. You can get some useful information about this topic online.
Unidentified Money Saving Tip # 4 - Play the Loyalty Card - Just as bank fees can sneak to a worrying amount, so can Credit Card Fees. On a typical card, that might save you anywhere from $100-$150 per year.
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