Top Tips and Warnings for Personal Bank Accounts

Penalty ChargesWhether you choose a basic, current or package account, they all have terms you will formally sign agreement on with your chosen bank. These terms and conditions vary with each financial provider, and breaking them can incur some costly penalty fees. For this reason, be sure to read the fine print thoroughly so that you don't end up in a bind. One of the main charges comes from going over your overdraft limit - to this end it's important to monitor your account carefully so that you don't slip too far into the red. It's also a good idea to plan ahead and contact your bank to arrange a temporary or permanent overdraft extension if you think you will need it. Another penalty fee incurred by banks is through

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