6 Banking Mistakes to Avoid

Posted By:

With advancement in technology, we tend to notice less on our transaction as we rely more on technology. Banks are the easiest and the most sought after avenues for placing money.

Here are few common mistakes to avoid while banking:

6 Banking Mistakes to Avoid

1) Do check your ATM slip after withdrawal

It may so happen, you at times fail to cross check your money along with the ATM receipt and may realize at the month end while checking your statement. There are many instances where the amount recieved and ATM reciept balance differ. In case of discrepancy one needs to contact the bank immediately.

2) Keep an eye on charges and fees

Are banks charging you for a service which you don't need? In some cases banks do send physical copy of statement and may charge you accordingly. So, in such cases you can ask bank to stop sending hard copies.

3) Internet banking

If you are a frequent online banking user, then it is very important to track your login date time each time you log in. If you have any doubts better to call customer care and verify immediately.

4) Still paying bills physically?

Most of the banks have the option of paying utility bills online. For this, you have to a one time registration with banks. You can save time and keep a track of all your payments.

One can also set up auto payments for insurance payments.

5) Avoid using same passwords for multiple accounts

Do not have same password for multiple accounts to make it simple, there are higher chances of hacking accounts.
Choose a different password for different accounts, protect your account with strong password. Also, watch what you're sharing on social networks.

6) Do not neglect your cheque Book and Pass book

Through internet banking one can keep track of all financial transaction, if your cheque book or pass book is lost or misplaced, it can provide most vital information of yours.

In case of misplace it is better to inform banks and take needed actions.


Read more about: banking
Story first published: Tuesday, January 13, 2015, 13:14 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?