Three things to absolutely avoid doing with the current account

Three things to absolutely avoid doing with the current account

There are operations that are best not done in normal banking business. These are services that, if done in a certain way, can cost a lot. For example, cash withdrawals. Withdrawing cash at the counter is an operation allowed, but it can cost up to 5 euros each time.

The way forward is that of withdrawing from ATMs with the card ATM. But pay attention to the conditions. Withdrawals from the ATMs of a branch of the bank you are a customer of should generally not cost anything. Instead it can cost if you do it at another bank’s ATM.

This operation can cost up to 2 euros. If you make 4 withdrawals a month (one a week), for 12 months, at 2 euros per withdrawal, they become almost 100 euros a year in commissions.

Forbidden to go red

If it is advisable to withdraw from an ATM, it is all the more reason not to make payments at the bank counter. Going to your bank counter to make transfers, pay bills, ask for an account statement, can cost you a lot in additional commissions.

Better not to be burdened with unnecessary commissions that at the end of the year can exceed 100 euros. It is good to carry out all payment transactions online, through home banking. For bank transfers, bills, bank statements, purchase of securities, etc. online banking is the ideal solution to save tens of euros in commissions.
And finally, to save tens of euros in interest expense, it is better to avoid going into the red on the account. Going under the current account involves much higher interest costs than those that are normally paid by asking for a loan.

If the risk is to go below zero often, then it is better to take out a loan with the bank. It will cost less.

Deepening
Here’s what to always keep under control on your checking account to avoid paying taxes. This is the link to the article.

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