| HOW TO AVOID SLIPPING INTO THE RED |
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Here are some easy ways to avoid going into the red: • Keep a close eye on your bank balance - online, at a branch or through an ATM. • Be aware of your account movements. When are payments going out of your bank account? Do you have enough money coming in to cover them? It may sound obvious, but sometimes you just need to curb your spending and make sure you have enough money in your account. • Have you got funds elsewhere which you could transfer into your current account to avoid becoming overdrawn? • If you think you are just about to slip into the red, call your bank account as they should be able to offer you advice on the best way to deal with the situation. • Some banks offer services such as internet banking or telephone banking, so you can check your balance from home or on the move. • Some proactive banks have also introduced tools to help their customers avoid charges altogether, such as a limit alert service and a grace period. A limit alert service lets customers know when they are close to their limit and when they go over it. A grace period gives a customer until the afternoon to pay in enough money to cover all their payments and avoid any overdraft fees. |
