Managing bank fees during inflation times

Bank fees can climb when inflation heats up, and it can quickly become stressful. Here are 5 laid-back strategies to keep your wallet healthy without overthinking it.

Reassess your bank fees

Take a moment to scrutinize your statements. Many banks charge maintenance fees, card fees, or ATM charges. By comparing plans, you might eliminate these fees. Transparency and vigilance are your best friends.

Embrace smart electronic transfers

Using Interac e‑transfers or contactless payments can reduce costs tied to branch transactions. Properly configuring alerts also helps avoid surprise charges. A good digital routine makes all the difference.

Consolidate your transactions

Grouping several operations into one can lower transaction fees. Consolidating bill payments, supplies, or bulk purchases is a simple yet effective move. Consistency pays when it comes to fees.

Choose a card that fits your profile

Some debit or credit cards offer perks to reduce fees: free ATM withdrawals or discounts on certain transactions. Match your card to your spending habits to limit extra costs.

Explore modern alternatives

New payment solutions, low-cost or even free, let you transfer money easily between people or for services. Opting for these payment solutions gives you tighter control over spending without hidden mark-ups.

By applying these five strategies, you regain effective control over your fees, even during inflation when every cent counts. Make it a habit to review regularly to stay in charge.

Incorporating DRS Payments into your plan

If you want to go further, the payment solutions from DRS Payments offer a strong and flexible alternative. They easily fit into a well-thought-out financial routine while providing transparency, speed, and savings. Combining these payment solutions with the earlier practices boosts your chances to lower bank fees without compromising on quality or security.