- Request a Fee Schedule - request an updated copy of the fee schedule and discuss how new fees will impact your relationship.
- Revise Your Bank Relationship - customers who have a deep relationship with their bank should consider a relationship pricing account. Relationship pricing is when the bank considers the customer's entire relationship (including loans and investment products) and provides rewards or incentives to the customer.
- Read Everything from Your Bank - All disclosures and correspondence from your bank must be read and understood in order to effectively reduce the number of fees you pay.
- Dip into Your Loyalty - Have you been a loyal customer but was hit with an overdraft fee? Ask to have it waived.
Thursday, July 5, 2012
Bookkeeping Tips: 4 Tips to Get around Banking Fees
Posted by Theresa Todman