Pennies for thought

This is money? 10 steps to reclaim unfair bank charges

Everyone who lives on a tight income knows that the last thing you need at the end of the month is a bank charge for going a few pence over your limit. All it takes is a wrong assumption on money going in to your account is that mystery direct debit to ruin your month.

Banks charge up to £40 0n exceeding overdrafts and this is just a quick tip on how to stay on top of your money wherever you are.

Monilink is a mobile phone application that links to your bank account/s to allow you to check your statements. Now I know this sounds exactly like online banking but the nice peak is that they will text you your balance at that crucial money time.

This allows you not only access to your bank statements wherever you are but also that reminder to stop spending or to put in that extra few pounds to avoid unwanted charges. This is a great free application and has saved me from charges several times in the past.

So if you want a better way to keep track of your money and get updated then check it out.

Also if you feel you have been unfairly charged then check out the post on ‘reclaiming bank charges’.