Knowing whether your bank is charging you fees can help save you money. If you’re not sure what you are being charged for, take the time to check your bank accounts and get your finances in order.
If you haven’t yet opened an account, check what possible fees you might be charged. Look for a bank without exception fees. This is a fee payable for late payments, going over an agreed credit limit or making too many withdrawals. Regular monitoring of your bank account will also help you to keep on top of transactions and avoid incurring fees.
If your bank does impose fees, be sure to make payments on time to avoid penalties. It’s a good idea to set up any regular debits to come out of your account shortly after being paid. Making at least the minimum repayment for credit cards each month is essential to maintain a good credit rating.
Source: http://au.ibtimes.com/articles/472145/20130529/australia-money-credit-card.htm#.Ua_OIoXF7uc
