Current accounts: Banking tips
Banks may be able to help you sort out your financial difficulties
- Plan ahead. If you think you are going to exceed your overdraft limit, contact your bank to arrange a temporary overdraft or a permanent extension.
- Keep on top of your money. Set up a direct debit from your current account to pay at least the minimum repayment, but preferably the full balance, owed on your credit cards.
- Check your charges. Currently, all banks have similarly high charges. But our Best Buy current accounts offer better interest rates and service.
- View your statements. Go through your bank statements carefully on a regular basis and query any suspicious transactions or penalty charges as soon as you see them. Banks may agree to refund one-off charges immediately as a gesture of goodwill, especially if you are usually a good customer.
- Communication is key. Speak to your bank if you find yourself getting into financial difficulties. Banks have to deal with you sympathetically and they may be able to help you sort out your financial problems.