Here are tips and best practices for getting the most out of your bank account.
Documents related to opening a bank account
When opening a bank account, the bank provides you with a series of documents. Be sure to read them carefully before signing them. They constitute a commitment on your part, but also on the part of the bank.
Bank charges are available on your bank's website. You can also ask your bank advisor for them. In the event of a change in prices, the bank will generally inform you before the date of application of the new pricing.
Use standing transfers to automate certain fixed-date payments, such as electricity, water, rent, or insurance. This avoids any late payment penalties, while keeping an eye on upcoming expenses.
Check your account regularly
It is recommended that you check your account several times a month. Check the movements on your account and make sure you have enough money for your upcoming payments. You thus avoid bank charges, as well as late penalties from your creditors.
You can consult your accounts via your bank's mobile application or its website, an ATM or even in a branch. If you are using your bank's mobile app, you can set up notifications for a certain amount. Thus, if your account is debited beyond the amount you have defined in the application, you will automatically receive a notification on your phone.
Also note that some banks offer budget management applications. So you can automatically identify exceptional expenses, see how much you spend per month on groceries, and perhaps detect automatic payments for subscriptions you forgot.
The secret code
Never share your codes and identifiers, not even with your relatives or your bank advisor. By keeping this information strictly secret, you protect access to your account and your payment methods, and prevent fraud.