Saving Money On Bank Fees

Last Updated: 1 November 2006


The major banks of Australia have made it pretty clear that they are pushing their customers towards electronic banking rather than "in person" assistance. One of the ways they are doing this is to alter their fee structure so as to make electronic or telephone banking more attractive.

By following that lead and making changes to the way you do your banking, your receiving of money and your payments, you can make huge savings. And not only can you save money, but you can save a lot of time and effort.



Fees for online banking are usually only a fraction of the cost of over the counter services. Therefore, there are big savings to be made by doing as many of your payments, receipts and banking online. The savings are even bigger if you regularly make transactions using cheques.

Other savings and efficiencies to be made out of internet banking include:

  • less time spent out of the office and in the bank
  • less stationery expenses (cheques, envelopes, postage, paper, etc)
  • online banking and money exchange can be done 24 hours a day, 7 days a week
  • and much more!


Contact us for more information on this topic.


Disclaimer: This page is designed to provide information only and is not a substitute for advice that is specific to your business. Before acting on any of the information above it is important you seek further advice from a professional who has taken into consideration the nature and circumstances of your business.

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