We live in a materialistic world where survival is something that demands 
efficient planning and then execution of these plans in the right manner at the time. The cost of living is getting expensive with each passing day and earn financial stability men and women work ignoring the differences between day and night. Money counts and it really makes you need it not only for getting basic necessities of life, but also for providing your loved ones with a stable living platform. In addition to collecting money for carrying out a smooth lifestyle and meeting the daily demands of life finances are also required for ensuring a safe and healthy future.
Money and banks
Most of us as a part of future planning prefer to save our hardly earned money in banks. This is a wise decision because your money is not only protected, but you can also get reasonable profit. This spares you from the fear that is experienced when money is kept at home. Any time robbers can break in and deprive you of the cash that is regarded as the lifelong earned money of a person. The present stats show a huge increase in criminal activities all around the globe and this further makes it a smart move to store your cash in banks.
But there is one thing that needs to be mentioned here that when you keep funds in a bank they don’t do it for free. They are business organizations with their own strategies you may be thinking that your money is in safe hands while on the other side deductions are being made by the bank on the basis of its policies. This article is by no means a criticism on the policies of banks, in fact the main focus here is to tell the readers that it is important that they should be aware of the fees and deductions that are made by banks so that they can avoid unwanted deductions by taking the right steps at the right times.
Current accounts
Most of us have current accounts with different banks. It is important that one should have relevant knowledge about all the aspects that are there for keeping money in a current account.
- You must be aware of the fee that has been imposed on you for keeping your funds in the current account.
- What is the minimum limit of the cash presence in your account?
- Check for transactions that deduct money from your account.
ATM usage
No doubt ATM provides a great facility for withdrawing cash, but there are some factors that should be kept in mind while using this option.
- Avoid using ATM machines of other banks this deducts money from your account.
- Never mention your PIN code to anyone even to your closest friend.
Keep a check
Many times incidences happen that banks keep on deducting funds and you are not aware of it. For this reason it is important that you should regularly check balance sheets and status of your accounts. It is better to activate online banking facility for your accounts.
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