Avoid Banking Mistakes !
A bank can really save you money, but there are also ways in which you lose much money. If you are not proactive by identifying dangers and potentials errors, then you could be caught outside. Here are some of the common banking mistakes and how to avoid them.
Reviewing your banking Statements
Paying More than you Spent
Many are too lazy to compare the prices or to question the fees which they pay each month on their accounts. If you look at the fees you pay could note that you pay far too. If it is the case then it is time to compare the prices before buying a better business, because you could save much money every year right by not paying the expensive fees of banking operations.
By leaving Important papers around
When you look at your bank statement of account or information connected by opened bank, ensure you that you do not leave it being around. If you throw information concerning your account then you be easy aim for robbers and defrauders of identity. You ensure that you maintain all information connected by bank in a safe place, and shred all the documents which you will waste.
Using ATM without care
Using an ATM, make sure that you take precautions. Do not note anywhere your PIN number close to your card, and ensure you that you protect your number when you type it. Realizing of the people around you when using ATM can stop the majority of a potential crime.
Net Banking in Public
Net banking is very convinient and fast. Even though sometimes you may need to login to your account urgently, checking your account online and carrying out transactions on a network without wire is not completely safe. There is a chance that somebody could reach your details, or that the transaction will be lost. Do banking operations online at your house if possible.
Maintain Relationship with Bank
To obtain the best businesses of your bank, then you it need to draw up a relationship with them. If you have a local branch, then organize a meeting with the branch manager of bank so that you know who they are. Although you could never require for their assistance, if there are any problems or you additional funds of expenses of the need knowing then your branch manager of bank can really help.
Borrowing from your bank
If you were faithful to a bank during one moment, then perhaps it is time to reconsider this fidelity. Although you could think that your bank offers the best business, all the times that you want to buy to a new financial product you should compare the prices. There are many of other places, particularly online, which can offer great businesses to you on borrowing the money from the cards or the loans of credit rating. If you pay attention with your information of banking operations and compare the prices before buying the best businesses, then you can avoid the majority of these common personal errors of banking operations.
Unexplained deductions on your bank statements can prove to be expensive in the long run. This gets on your nerves when you fail to recollect or get a valid explanation from the bank about the source of money deduction. The advent of mobile technology has made these facilities more accessible, on your fingertips. We should make the best use of it by just giving it undiverted attention. It will also help you realize the functioning of your bank with whom you may be associated with for a long time
Banks are the place where we keep our money safely, but a little carelessness in our baking practices can cost us dearly. So we should always keep in mind certain safety measures with respect to banking practices. Besides, the precautions that have been mentioned above, we also need to be sure that we do not share our passwords with anyone, even with banking personnel, because banking personnel never ask for your passwords.
You really work hard to earn your money. And when, despite of all the efforts, you can make the best of your earnings, than there is a problem. I second you when you say its imperative to always check your bank statement because sometimes there are certain charges which you are just not aware of. And if you can keep a check on it, in future you wont end up paying those charges. As such we have enough expenditures so we need to avoid loosing money on unnecessary charges and put the bank in a profitable situation. Its your money and you are responsible for making the best out of it.
It is so true that most of us lose most of our money without knowing the right way to manage the hard earned money, While few of us are in an illusion that we are saving the money in bank, some of know that we are losing quite a lot of money deposited in our bank accounts. The article pin points the common, yet unknown mistakes me commit and simple ways to tackle them