Choosing the right accounts and regularly checking them can help you look after, and grow, your money.
Most people have more than one bank account to help manage their money. And different types of accounts are useful for different things. Not all accounts are the same, so review yours regularly and see if there's a better deal.
Simple ways to look after your money:
- Choose savings accounts with higher interest rates that suit your style of saving.
- Look for transaction accounts with no or low fees.
- Understand how joint accounts work. Learn about the pros and cons before you share access to your money.
- Check your transactions regularly and contact your bank if you find something wrong.
- Learn what to do if you've been scammed, or if you find unauthorised transactions on your account.
- Get the best deal before sending money overseas. Look for a good exchange rate and check the fees before you send.
If you're reviewing all your banking, check out our tips on budgeting, loans and credit cards as well.