Bank Fees – Why are you still paying them?

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4 Responses

  1. I actually switched banks because I was sick of banking fees. I’m based in the U.S. so my situation is a little different, but there are banks you can frequent that won’t charge you for the pleasure of using their services. Ugh.

    • Miss Balance says:

      Sometimes that’s what you’ve got to do. I’m glad you found one that doesn’t charge.
      I’m not sure what it is like in the US, but here loyalty stands for nothing and everyone is always competing to get new people so offer special rates etc only if you are new so people tend to switch a lot. I’d rather not have the hassle and spend the time so just stick with one who meets my needs and offers a good rate all the time.

  2. We predominantly bank with NAB and one of the reasons is due to their lack of fees. In this day and age, it is very easy to get by without paying bank fees. I used to use ING (back when savings account interest rates were pretty decent) and I still have the account, I just prefer to stash all my money in the offset or into Vanguard, working for me. All in all though, I think they’re a good, solid bank.

    • Miss Balance says:

      It’s great more banks are listening to customers and creating fee free accounts.
      If I had an offset account I’d stash it there, but for the moment this is the best place for me to get a bit of growth with the security of cash for emergencies.

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