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Sneaky tricks your bank uses to make you spend

The secrets banks hide from you
Your bank account isn’t worth the money you’re paying for it
When you swipe, they cash in
No debt history is not a good thing
They can reorder your purchases
Running deposits last
They might sit on your cheque
You don’t need that insurance
Paying your debt off early will cost you more
Closing an unused credit card could hurt you
You won’t always get the rate advertised
Your mortgage bill could go up, even when rates don’t
Watch out for mortgage fees
There’s no such thing as free banking
Banks rely on your laziness
Your old debt might be your most valuable
Your money might cost you money
Using your card abroad could cost you a fortune
Savings rates won’t last forever
Don’t change your vacation money up at the bank!
They want you to make a mistake
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Krakenimages.com/Shutterstock

The secrets banks hide from you

Whether you're spending money or saving it, banks have plenty of sneaky tricks which they employ to milk you for the most cash they possibly can. Read on for 20 to watch out for.

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lovemoney staff

15 March 2023

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