Wow – what else can we expect in the turbulent world of finances. These spaces are reserved to provide practical advice about home loans and financial managment – so I must address the farce of these fees.  Once again our all-caring government (where would we be without them?) changed the rules so that when your debit card is “swiped” the merchang pays a lower fee.  Voila!   Now YOU have the privilege of paying yet another bank charge.  Are we having fun yet?

Anyway, my advice is to work something out with your bank so you pay NO fees or go to another bank. In all fairness to the banks (and I know the banks are villains these days – but the Government is an even BIGGER villain) they have lost a boatload of revenues and now they want to get it out of YOUR hide.   It is possible that by a) keeping some kind of minimum amount of cash on hand you can avoid a fee or b) by setting up a direct deposit you may be able to avoid a fee.

For me, I refuse to pay Bank fees and always seem to find a way around doing so – but it gets more challenging all of the time!

Filed under: Uncategorized by bertmorrison