Astute customers don’t pay bank fees

Australian households paid a total of $3.5 billion in bank fees in 2004, with $1.5 billion coming from everyday transaction accounts. Much of this amount was paid by people with unsuitable bank accounts who could save money by banking smarter said Denis Orrock from Infochoice. Frequent ATM users are contributing to record bank profits and could be better off with a flat monthly fee card.

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