Be smart with cash to avoid bank fees: expert

Customers can beat their banks and avoid many charges if they are smarter with their cash.

Frank Conway of the personal finance website the Irish Financial Review said consumers need to educate themselves on how bank charges work.

“Bank fees have been on the increase in recent years where balances fall below bank-set monthly and daily limits,” said Mr Conway. “Additionally, there are multiple fees for various services and so forth. Consumers need to become very familiar with how bank fees work and understand the tricks how to avoid them.”