Comparisons of Bank Charges
Comparisons of Bank Charges
This Is The Year To Get Financially Fit
There is no time quite like the present to get your life in order, and the beginning of each year heralds new beginnings and a brand new attitude towards one’s life and finances. With all the happenings in the world around us regarding the recent credit woes, it might be a good opportunity to rethink and revisit your finances.
Starting out by comparing bank charges and finding the one that charges the least is a good step in the right direction. Compare insurance quotes online, too, and find the one that is better suited to your budget; did you realise that you are now able to save almost 30% on your monthly premiums?
Everyone is unhappy about the cost of services that banks offer, therefore find out where you will be able to cut corners and save.
Bank costs compared:
- Absa charges the most for bank services and fees.
- Standard Bank is second in line.
- Capitec charges the least for bank charges, and have had no increases since 2011.
- Absa is almost double that of Capitec Bank with a rise of almost 8% in 2012.
- Standard Bank has had an increase of 4, 3% more than last year.
- FNB has had a 5, 1% increase from last year.
If you are unhappy with what your bank is charging there is little you can do except change banks. Which option suits your needs best; that is what you will need to ask yourself. If you do many transactions in a month it might be a good idea to look at an account that has a fixed monthly fee. So start the year by getting your finances in order and if there are changes that need to be make, don’t hesitate to do so as you might be pleasantly surprised at the saving made.