Are you tired of paying high fees on your UOB One Account? Do you feel like you’re constantly being nickel-and-dimed by your bank?
If so, you’re not alone. Millions of Americans are in the same boat. But there is good news! There are a number of strategies you can use to avoid paying fees on your UOB One Account.
In this article, we’ll share 15 of the best UOB One Account fall below fee strategies. Follow these tips and you could save yourself over $1,500 per year.
15 UOB One Account Fall Below Fee Strategies
- Maintain a minimum balance of $3,000. This is the easiest way to avoid the monthly maintenance fee on your UOB One Account. If you can keep your balance above $3,000, you’ll automatically qualify for the fee waiver.
- Set up direct deposit. Another easy way to avoid the monthly maintenance fee is to set up direct deposit for your paycheck or other regular income. When you set up direct deposit, your paycheck will be automatically deposited into your UOB One Account, which will help you maintain a higher balance.
- Use your UOB One Debit Card frequently. You can earn rewards points for every dollar you spend on your UOB One Debit Card. These points can be redeemed for cash back, gift cards, or travel. If you use your debit card frequently, you can earn enough points to offset the monthly maintenance fee.
- Take advantage of online banking. UOB offers a number of online banking services that can help you save money. For example, you can pay your bills online for free, and you can also set up automatic transfers to your savings account.
- Use the UOB Mobile App. The UOB Mobile App gives you access to all of your UOB accounts and services, including online banking. You can use the app to check your balance, transfer money, and pay bills.
- Sign up for UOB Rewards. UOB Rewards is a loyalty program that gives you points for every dollar you spend on your UOB One Account. These points can be redeemed for cash back, gift cards, or travel.
- Refer friends and family. When you refer friends and family to UOB, you can earn bonus rewards points. These points can be redeemed for cash back, gift cards, or travel.
- Take advantage of special promotions. UOB frequently offers special promotions that can help you save money on your UOB One Account. For example, you may be able to get a discount on your monthly maintenance fee or earn bonus rewards points.
- Negotiate with your bank. If you’re having trouble meeting the requirements for the fee waiver, you may be able to negotiate with your bank. For example, you may be able to get a lower monthly maintenance fee or a higher balance requirement.
- Shop around for a better bank. If you’re not happy with the fees on your UOB One Account, you may want to shop around for a better bank. There are a number of banks that offer free checking accounts or low-fee checking accounts.
- Consider a different type of account. If you don’t need all of the features of a UOB One Account, you may want to consider a different type of account. For example, you may be able to get a free checking account or a low-fee checking account.
- Close your account. If you’re not happy with the fees on your UOB One Account, you may want to close your account. When you close your account, you’ll have to pay a closing fee. However, you may be able to avoid the closing fee if you close your account within a certain period of time.
- File a complaint with the CFPB. If you believe that you’ve been unfairly charged a fee on your UOB One Account, you can file a complaint with the Consumer Financial Protection Bureau (CFPB). The CFPB can investigate your complaint and help you get a refund.
- Dispute the fee with your bank. If you believe that you’ve been unfairly charged a fee on your UOB One Account, you can dispute the fee with your bank. To dispute a fee, you’ll need to write a letter to your bank and explain why you believe the fee was unfair.
- Contact your local consumer protection agency. If you’re having trouble resolving a dispute with your bank, you may want to contact your local consumer protection agency. Consumer protection agencies can help you file a complaint against your bank and get a refund.
Conclusion
If you’re tired of paying high fees on your UOB One Account, there are a number of things you can do to avoid them. Follow the tips in this article and you could save yourself over $1,500 per year.
