Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Bank Fees

Canada 02 · 06-10-2008, 08:15 AM

I think there are a number of common sense things consumers can do to save on transaction fees.

Rather than have say 20 debit transactions per month at $1.25/debit, use you credit card for all 20, then pay off the credit card in full with one debit. Using your credit card is an interest-free loan for one month - pay it off and it costs you nothing

Only use your banks ATM to avoid interac or Plus system fees

Maintain the minimum monthly balance - easier said than done for some people, but by doing so, many fees are waived - in general, it is a good practice anyhow - consider the amount to be an emergency fund, or a rainy day fund or whatever - I personally like having that little buffer.

06-10-2008, 08:15 AM	#15
Canada 02 Franchise Player Join Date: Feb 2004 Exp:	I think there are a number of common sense things consumers can do to save on transaction fees. Rather than have say 20 debit transactions per month at $1.25/debit, use you credit card for all 20, then pay off the credit card in full with one debit. Using your credit card is an interest-free loan for one month - pay it off and it costs you nothing Only use your banks ATM to avoid interac or Plus system fees Maintain the minimum monthly balance - easier said than done for some people, but by doing so, many fees are waived - in general, it is a good practice anyhow - consider the amount to be an emergency fund, or a rainy day fund or whatever - I personally like having that little buffer.