Importance of having a cheaper bank account

As people struggle for cash and are looking for ways to save money, they have become generally open to the idea of changing bank accounts. This is not only because people are looking for better ways to save and want a convenient way of banking, but mainly to save on bank charges, which is one of the most ignored household month-to-month expense.

Why have a cheaper bank account?

The major advantage of having a cheaper bank account is that you are offered almost the same services. Most people who have an expensive bank account do not use or even understand the full value of their bank account bundle and often don’t need most of the services they are offered.

It is more important to have money saved in your bank account than to have a fancy bank card and account which costs you more.

You should also shop around when it comes to looking for bank accounts in the market. Draw comparisons on all the banks and then choose the one which offers the best and most useful services at the cheapest rate.

Ways to save

Looking for ways to save money should not only be seen as a necessity for those with low income, but for everyone.

DebtBusters, the leading debt management company in South Africa, is working in partnership with Bidvest Bank in order to provide consumers a low cost bank account, which helps in saving a lot of money. This savings can be directed to debt repayments.

Bidvest Bank Account™ offers a minimum bank fee of R18 per month and a capped fee of R82 per month*. This is an initiative DebtBusters has taken in order to help all credit active consumers continuously find better ways to save.

*All fees associated with the Bidvest Bank Account™ are available at any branch or on www.bidvestbank.co.za. In terms of legislation, proof of residence and positive identification are required to open a Bidvest Bank Account™. Bidvest Bank Account™ is a registered trade mark of Bidvest Bank Limited (Reg. No 2000/006478/06) is a licensed financial services and registered credit provider, NCRCP17. BlastBC 129050