Quick Quote
One simple enquiry form gives you fast access to quotes and rate comparisons from Australia's leading and best known debt consolidation specialists.
All quotes are supplied to you free and without any obligation. We respect your privacy.
Knowledgebase
Debt Consolidation:
Taking advantage of lower interest rates that may be available by the grouping of multiple loans into one, lower interest rate loan.
Debt Consolidation Australia :: Articles
SHARE

Share this article!

Choosing the Right Bank

Choosing the Right Bank

Financial institutions are located all around the world.
If you are looking to open a bank account, whether that bank account is a transactional account or a savings account, you have a number of banking options.

In fact, you have so many options that choosing the right bank may seem like an overwhelming process.

To make that process easier, you will need to know what to look for in a bank.

Location is the key to many.

If you are interested in having easy access to a bank, you may want to consider doing business with a local bank or a national bank that has a local office in your area.

These banks are ideal for those with cheque accounts or debit cards.

You may find that using an ATM machine, other than the one provided at your bank, results in extra fees.

This is one of the many reasons why banking with a local institution is popular, because you will have easy access to your money.

Time to Refinance?
If you are seeking lower rates, lower fees and more flexibility in your home loan. you are in luck! Our national panel of mortgage brokers is looking forward to an opportunity to assist you. Apply online for a free eligibility assessment and one of our broker network refinance specialists will get on the case to track down the best deal for your individual circumstances. Without any obligation and at no charge to you!

When finding the perfect bank for you to do business with, it is also important to determine what you want and need from a bank.

Whether you are interested in opening a savings account or a cheque account, it is important to examine the fees that each bank will charge.

If you are interested in opening a savings account for someone under the age of eighteen, you may find that you are able to receive a free account.

Adults, on the other hand, are often required to pay a monthly fee or maintain a certain balance in their account.

If you are interested in opening a cheque account, there are also a number of fees that you should be on the lookout for.

It is possible to obtain a free cheque account, but many of these accounts come with specific requirements.

You are likely to come across a number of financial institutions that require you to have a set amount of money in your account at all times.

It is also possible to find banks that grant you free cheques as long as you have your pay directly deposited into your account.

There are a large number of banks that will allow you to carry a debit card.

These debit cards can often be linked directly to a savings account or a cheque account.

It is important to determine if you will be charged for obtaining a debit card. Many banks charge an upfront fee, typically less than five dollars, for requesting a debit card.

A number of banks also change monthly fees for using a debit card.

The same can be said for cheques.

In addition to paying for new cheques, there are many financial institutions that charge their clients a set amount of money each time they want to write a cheque.

It is important to keep all of the above mentioned points in mind when searching for a bank.

In addition to determining the cost of banking with a specific institution, you are also encouraged to examine the level of service that you will receive.

You will want to do business with a bank that has a friendly and knowledgeable staff.

By visiting the bank or calling to speak with an employee, you can easily determine the level of service that you should expect to receive.

Choosing a bank is not a decision that should be made on a whim.

A bank is supposed to save you money, but without the proper amount of research it is possible to end up with one that costs you money.

Published:Wednesday, 25th Aug 2021
Author: 10

Share this article:

Business Plant & Equipment Finance
Looking for the best way to finance your business plant & equipment? Well, you need look no further! Simply submit our 2-minute business loan enquiry form ... and we'll help get you qualified for the best rate Plant & Equipment loan available from our national panel of independent business finance brokers. We also have access to the best rates & options for Business Cashflow finance. So, why not give us a go ... no charge, no obligation!
Need a Bigger Boat?
We provide direct access to the best Boat Loan rates and options in Australia through our national panel of specialist marine finance brokers. Simply complete our quick & easy Boat Loan quote enquiry form to see if you qualify - and to gain access to the best Boat Loan offers from our broker panel.

Finance News

Australia Gears Up for Comprehensive Financial System Resilience Assessment in 2025 Australia Gears Up for Comprehensive Financial System Resilience Assessment in 2025
27 Mar 2024: .Paige Estritori

The Australian Prudential Regulation Authority (APRA) is positioning itself to inaugurate a widescale diagnostic of the nation's financial heartbeat in the year 2025. This financial health check aims to meticulously analyze the repercussions of unanticipated events on the country's financial stability beyond merely scrutinizing the banking sector. - read more
Climbing Mortgage Arrears Signal Heightened Financial Strain Climbing Mortgage Arrears Signal Heightened Financial Strain
26 Mar 2024: .Paige Estritori

Australian households are navigating a more complex financial landscape as mortgage arrears have climbed to a peak not seen since the outset of the COVID-19 pandemic, according to a new report from Fitch Ratings. The Fitch's Dinkum RMBS index has indicated that, as of the last quarter of 2023, households are falling behind on mortgage payments more frequently, sparking concerns about financial resiliency amid ever-tightening economic conditions. - read more
New Investment Approach for Australian New Homebuyers New Investment Approach for Australian New Homebuyers
25 Mar 2024: .Paige Estritori

Recent statistics have highlighted a notable shift in the strategies Australian first-time homebuyers are using to infiltrate the challenging property market. Analysis of 2023's purchasing trends indicates an emerging investor mentality among new buyers. - read more
Rentvesting Trend: First-Time Buyers on the Property Ladder. Rentvesting Trend: First-Time Buyers on the Property Ladder.
24 Mar 2024: .Paige Estritori

New insights from financial data show an intriguing pattern among Australian first home buyers in the recent year, with investment-savvy superstars choosing to become landlords right from the start. A striking one in five opted to dive into the property market, not for immediate residence but investment potential in 2023, indicating a significant shift in home ownership approaches. - read more
Australia Braces for Economic Shift as Rate Cuts Loom Amidst New Challenges Australia Braces for Economic Shift as Rate Cuts Loom Amidst New Challenges
21 Mar 2024: .Paige Estritori

Rising tensions within various sectors of Australia's economy signal a possible series of interest rate reductions by the Reserve Bank of Australia (RBA). Significant indicators, including increased unemployment rates, forecast a shift in monetary policies possibly leading to a period of lesser rates as experts observe a pre-emptive response to economic stagnation under the current administration. - read more
Articles

The Beginner's Blueprint to Creating an Effective Family Budget The Beginner's Blueprint to Creating an Effective Family Budget
In a world marked by economic uncertainties and the ever-mounting cost of living, the importance of a sound family budget cannot be overstated. Today's economic climate necessitates not just prudent but strategic financial planning. With the right budget in place, families can navigate the choppy waters of their finances, avoiding the all-too-common pitfalls of overspending and under-saving. - read more
Consolidating Debt: Choosing the Right Strategy for Your Financial Future Consolidating Debt: Choosing the Right Strategy for Your Financial Future
Debt consolidation is a financial strategy that has gained widespread attention, especially within the diverse economic landscape of Australia. It involves combining multiple debts into a single, more manageable loan, with the aim of simplifying the repayment process and potentially securing a lower interest rate. This approach can be particularly relevant for Australians juggling various forms of credit, from personal loans to high-interest credit card debt. - read more
Managing Your Credit Card Debt Wisely in Tough Economic Times Managing Your Credit Card Debt Wisely in Tough Economic Times
In light of the current economic challenges facing many Australians, managing credit card debt has become more crucial than ever. With rising living costs and financial uncertainty, accruing debt on high-interest credit cards can quickly escalate from a manageable inconvenience to a stressful financial burden. - read more
Debt Negotiation 101: How to Lower Interest Rates and Reduce Payments Debt Negotiation 101: How to Lower Interest Rates and Reduce Payments
High-interest debt can feel like a relentless cycle for many in Australia, often making it challenging to gain financial ground. Whether it's credit card debt, personal loans, or other forms of borrowing, the compounded interest can quickly become overwhelming. Fortunately, debt negotiation presents a viable solution for those caught in this dilemma, offering a ray of hope to reduce financial burden. - read more
Clever Ways to Save on Accommodation: Budget Travel Hacks for Aussies Clever Ways to Save on Accommodation: Budget Travel Hacks for Aussies
The concept of travel in Australia inherently brings to mind sweeping landscapes, rugged coastlines, and vast outback adventures. For many Australians, the dream of traversing this scenic wonderland is often tempered by the cold reality of expenses, with accommodation often being a prominent budgetary concern. Yet, far from dimming the wanderlust, this challenge invites a more clever approach to journeying through the land Down Under. - read more