What Is Your Bank Charging You A Guide To Bank Charges

Title:
What Is Your Bank Charging You? A Guide To Bank Charges
Word Count:
488

Summary:
When you’re shopping around for a bank account there are a lot of factors to consider. Many pe

Keywords:
banks, banking, accounts, charges, manager, overdraft, cost, interest, cheque, money, cash

Article Body:
When you’re shopping around for a bank account there are a lot of factors to consider. Many pe
Authorised Overdraft

An overdraft is like a short term loan. The bank gives you permission to spend more than the f
Unauthorised Overdraft

When customers spend more than they have in their accounts without arranging an overdraft limi
Cheque Services


Some banks charge for clearing cheques more quickly than the standard period (this can range f
Taking Money Out

Sometimes customers need to set up direct debits, where companies take certain sums from a ban
Other Bank Charges
Banks may also charge for other services such as:
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setting up a loan facility
changing or issuing foreign currency
writing cheques that exceed the cleared balance in an account
stopping a lost cheque

Banks will also charge customers if they have to write to them about an infraction of bank rul

Doing some research could save consumers a small fortune in bank charges. In addition for look
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an automatic overdraft limit for which there is no charge
free standing orders and direct debits
free transfers between banks
low unauthorised overdraft fees
low charges for other bank transactions

Choosing a bank that fits this profile will help with overall financial health.

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