Banks were made for our convenience but capitalism has managed to make this social institution a money making business. You have to pay for each and every service which you may or may not have asked for. This entire scenario is quite paradoxical and difficult to explain to anyone who does not belong to our society. Bank bullying is a serious issue and many customers fall prey to the antics.
Have a look at the following tips that will save you from bank bullying and keep your funds secure and safe.
Go digital
Making your banking habits electronic is the primary step towards preventing yourself from bank bullying. When you rely on humans more than a machine, you are prone to falling prey to bank bullying. Going digital means, you are in charge of every cent of your finance so you cannot be charged with unnecessary fees.
Keep an eye on your account balance
Bank bullying is a serious problem. It is one of the main sources of income for banks. It usually happens because you are too careless with your finance. It is advisable that you be on a constant lookout to ensure your account balance is the same as you left it the last time.
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Design a schedule for withdrawal
You cannot keep paying high fees to withdraw your own money. This is one of the most unreasonable things about banks and it makes little to no sense. You should be able to access your own money any time you want but that is not possible. It is important for you to schedule your withdrawals at all times so you are not charged for withdrawing too many times.
Say no to monthly fees
It is frustrating to know that you have to pay to have an account. Having a bank account is a necessity as it helps to secure your funds. Make sure you find a bank which doesn’t levy a monthly fee on the bank account. They cannot charge you for having an account.
Manage only one account
When you have multiple accounts, keeping a track of your debts and credits becomes really difficult. Simplify your accounts, make sure you ask for bank statements and maintain a healthy balance of your income and expenditure. Function with a single account. Focus on it completely so you do not have to worry about the other bank accounts.
Set a password for banking apps
Along with taking care of the above-mentioned activities, make sure that you protect your smartphones from falling prey to anyone who is careless enough to spend from your account balance without your knowledge. Be careful and set a password for all the banking apps on your phone.
Report all unusual activities
Sometimes, due to technical glitches, you are wrongly charged for something you have not done, like withdrawing money from another bank’s ATM. If you get an update on such activities, report to the bank immediately and get a refund.
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