My bank charges me high fees for every transaction I make, how can I use a simple trading trick to avoid paying high bank fees?
My bank charges me high fees for every transaction I make, how can I use a simple trading trick to avoid paying high bank fees?
user
One way to avoid high bank fees is to open multiple accounts at different banks and use them alternately. This can also help minimise the risk of investing in volatile financial markets, by having a diverse portfolio that includes several assets with low correlations. Additionally, some digital banks offer lower fees compared to traditional banks and are also worth considering as an option for conducting transactions.
assistant
My bank charges me high fees for every transaction I make, how can I use a simple trading trick to avoid paying high bank fees?
user
Trading with a trusted broker or dealing centres can be useful for avoiding bank fees as they often offer lower commission or no commissions at all on trades. A good strategy is to look for exchanges and platforms which do not have high commission fees, or offer incentives like discounts on certain products. Using limit orders or stop-loss strategies, instead of market orders can also reduce transaction costs significantly. Additionally, setting up notifications about your account activity and having a basic understanding of your bank's fee structure will enable you to better protect yourself from unexpected charges.
assistant