2. Withdrawing cash from non-bank ATMs: Beware of withdrawing cash every now and then from a non banking ATM as now it can cost you more! Yes this is true that if you are withdrawing cash from any ATM which is not in network with your bank, then you are most likely to be charged for each transaction you make. Even if you are travelling and are need of cash, then try to find out your banks ATM and withdraw cash as others can charge you. There are chances that you may not find your bank’s ATM, in that case withdraw a sufficient amount that you need for an entire month so that you don’t need to withdraw every now and then.

3. Opening new accounts in hurry: Opening a new account is like a walk in the park for many so they sometimes open it in a hurry without proper research. Opening a new account comes with many regulations. There are chances that you choose to open a new account with its attractive introductory interest rate but later when you frequently withdraw cash from that account then you might be charged penalty. Many banks often charge what is known as an "excess withdrawal fee" for withdrawing money too often from a savings account. Thus before opening an account, review its features to make sure it truly fits your needs.