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20 secrets banks don't want you to know about

Secrets banks don't want you to know
You won’t always get the rate advertised
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 re-order 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
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 holiday money up at the bank!
They want you to make a mistake
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Secrets banks don't want you to know

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. Here are 20 to watch out for.

 

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John Fitzsimons

07 February 2017

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