Industry News



30/Oct/2013 - Get your bank account fees down near zero

Source: Courier Mail

The Australian Bankers' Association reports that fees charged for home loans, credit cards and transaction accounts make up 90 per cent of household bank fees.

Account keeping fees on transaction accounts can range from zero to $10 a month, while branch fees vary from free to $3 a visit.

The average Australian household pays $8.94 each week in bank fees, but with good planning, it's not impossible to bring that down to near zero.

There are mortgage products that carry no monthly fee, credit cards without an annual cost and transaction accounts that charge nothing provided you only withdraw from the right ATMs.

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