How to avoid transaction account fees

Consumer lobby group Choice’s spokesman Tom Godfrey said there are plenty of ways to avoid banking fees on an everyday transaction account.

“Choose an account with no monthly fees with no conditions attached,’’ he says. “Also choose an account that doesn’t charge penalty fees, or an account that charges lower penalties.”

It’s also worth checking if you are eligible for any concession accounts which can help lower your fees.”

Source: News.com.au

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