Not quite business finance, I know - but probably the best place to ask the question.
What are you paying for bank charges on your personal cheque account?
I ask because I've just been approached by Nedbank to open an "Everyday Account." Quite a deal. R85.00 per month gets a whole lot of free banking, including:
- 1 free cash deposit a month
- 4 free ATM cash withdrawals a month
- no debit order or stop order processing fees
- all internet banking payments free
and more besides.
I don't normally pay too much attention to what I'm paying on my Standard personal account because to my mind it does not add up to too much. But the request prompted me to look - an average of about R145.00 per month.
It might be worth the trouble to move. But I'm now wondering what else is out there.