Hidden Bank Charges

Yes, its the new economy and everyday we get mails from our banks on new avenues for investment and how they are increasing the services they provide to us. We think that this is the New Economy-- with banks becoming more and more focussed on servicing their customers. Its true-- However...


We Need to pay for it!!

There are multiple aspects of banks for which we need to pay--
1. ATM Card fees
2. Cheque book fees ( beyond a certain no of leaves per quarter)
3. Online transfer of funds.. ( Come on-- we are saving them huge costs by not writing a cheque and they expect us to pay for them)
4. Bill payment ( ok- when they start the service they make it free -- and when you start using the facility-- they make it chargeable)
5. Getting a duplicate statement

actually the list is endless... but we need not lose hope.

We can negotiate our fees for each of these transactions-- by talking to our relationship managers/branch managers with the banks. They will make a change at the end of the qtr or end of the year-- but it will be our responsibility to remind them.


Its our hard earned money-- take the step to negotiate with the banks to reduce the fees that they keep charging us.

Our money -- Our priority