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Hi Taymaishu,
Good question albeit way off topic! While I'd love to jump on the bank bashing bandwagon, that seems to have been taken care of above so I'll try and instead answer your original question.
Firstly, if you're paying $25/month in fees then yes you are paying too much.
Secondly, since you don't have a home loan as others above have said, you're not going to get the no transaction fee deals that get packaged with some of these home loan deals.
For your requirements (bank, online savings, credit card) you should be able to get fairly low fees with any of the big four with conditions as follows:
- direct credit of salary - if you do this then most banks will waive the monthly $5 - $6 monthly service fees (it usually has to be over $2000 of deposit/month)
- Credit card - with any of the banks you will be up for an annual charge - should be around $50 for a no frills credit card up to $150 for a gold card (ie travel insurance and reward points). Non-bank providers will be able to give you a fee free card but you then lose the convenience of single point internet banking etc.
- Online savings - all banks have a zero fee online savings product - interest rates are pretty average at this point though but no one should be charing you fees on these online savings accounts
Then the main point if you want to minimise your bank fees is the "traps" like overdrawing your account or using other banks atm's.... there is no way around the other bank atm charge this is standard everywhere. So if your $25/month is in atm charges you're going to cop that everywhere.
Hope this helps!
Tim
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