Financial and banking research done in South Africa shows that majority of clients in the banking industry are constantly struggling with bank charges and feel they are charged too much by banking institutions. Here are some steps which will help you reduce the amount of bank charges you are paying.
Using digital or electronic channels will assist you to escape bank charges as opposed to walking through a branch. Most transactions done through digital channels are often free of charge or attract lower costs.
Swiping your card
Try as much as possible to purchase goods by swiping your card instead of using cash. Not only is it safer but most banks now offer unlimited card swipes at no additional charge regardless of the amount.
Choose the right account
Never choose a bank account merely on its monthly administration costs, rather base the decision on your transacting needs to avoid incurring additional charges.