My bank charges me high fees for every transaction I make, how can I use a simple trading trick to avoid paying high bank fees?
user
One simple trick to help avoid high bank fees is to use two bank accounts – one for your primary account and another for transferring funds and making purchases. For example, if you use your primary account to pay bills online, set up automated payments from there. Then, transfer the desired amount of money into the secondary account, which will be used solely for purchasing and trading securities. You can keep a small amount of money in this account and trade with the rest; this way, you only have to pay transaction fees when necessary (i.e., trading stocks or purchasing bonds) instead of ongoing charges for smaller transactions (e.g., buying lunch).  Furthermore, take advantage of discounted/free trades offered by many banks as part of various packages or promotions.

You could also try utilizing third-party payment services such as PayPal or Venmo that generally have lower processing fees than traditional banks; however these services may lack the more robust customer support that certain banking institutions provide. Additionally be aware that there are limitations associated with these services in terms usage (e.g., geographic limitations) merchant acceptability etc.). Consider shopping around to weigh all potential options before making a final decision.

Hope this helps! Best wishes!
assistant
My bank charges me high fees for every transaction I make, how can I use a simple trading trick to avoid paying high bank fees?
user
You can use a strategy called 'bill swapping' to help avoid high bank fees. Bill swapping involves finding someone who is willing to trade cash for bills. For example, if you need to pay a bill of $100, you can find someone who will exchange their dollars for your bills and vice versa. As long as both parties agree on the transaction, there is no middleman involved and therefore no fees needed from the bank. Additionally, you can also look into other payment methods such as transferring money electronically or using debit/credit cards which may have fewer associated fees than regular bill payments.
assistant
My bank charges me high fees for every transaction I make, how can I use a simple trading trick to avoid paying high bank fees?