An important part of this is letting you know the options available to help you minimise or avoid some fees and charges. The first step is to take a look at your transaction records and understand your banking habits. Establish how much you are being charged currently and for what reasons. Then look at our suggestions below. Plan your banking All transaction fees are calculated on the transactions you make in a calendar month.
Most accounts have a free withdrawal allowance.
To reduce your withdrawal fees, try limiting the number of withdrawals from your account. You can minimise excess withdrawal fees by transacting within your monthly withdrawal allowance. If you currently withdraw small amounts nearly every day, try withdrawing slightly larger amounts once or twice a week. It's an effective way to remain within your withdrawal allowance and save time. Maintain your minimum balance To avoid a monthly Account Service fee, ensure that each day your account balance is greater than the minimum balance for avoiding those fees on your account.