Reader Story: Ask to Save! Print
Tuesday, 26th December 2006 (by J.D.)This article is about Hints and Tips, Real-Life
Jac recently wrote to share a success story — he managed to get a bank to drop some fees simply by asking!
I’m currently on a six month exchange in France. I opened a new account with Westpac (Australia) before I left because they offered free international ATM withdrawals with a set of banks. Recently I went through my online statements adding up all the fees I’d been charged, and it came to ~$45 in three months. This included accountkeeping fees, ‘transaction’ fees since the beginning of November, and two ATM fees at the Norwegian branch of a bank that turned out to include free withdrawals only in France. I emailed them to get the student reduction they advertise, and got a couple of unhelpful replies telling me I had to go to a branch and show ID.
So today I rang them, hoping to at least save $5/month for the next three months. When I said I was calling from France, the woman I was talking to immediately offered to transfer me to a superior who could actually deal with the fees for me, to save me expensive chat time. I told the second woman that I wanted the student deal, and was surprised by all the new fees I had been charged, and that there were two unexpected ATM fees. She explained that a new fee had been introduced in November, but she would refund all that I had paid as I didn’t know about it, refunded the two ATM fees, refunded the account fees I had paid and adjusted my status to student so that I don’t have to pay them anymore.
I never really believed all the stories about people getting fees waived just by asking. I told myself that it probably only happened in America. Here is evidence that it works at least in Australia as well, and if Westpac is reading this, I am no longer planning to close my account as soon as I arrive home.
Remember, folks: It never hurts to ask. And it’s always possible that you can save a bundle. Later today I’ll share a final article about asking to save money.

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December 26th, 2006 at 10:42 pm
I’ve had varied experiences with my banks. Wachovia is my primary bank because I felt I was charged unfairly for a fee and they promptly refunded it. Bank of America, on the other hand has the worst service I’ve encountered and will refer you around in a circle.
August 1st, 2007 at 5:02 am
[...] credit card mailer? Use this information as ammunition. Call your current service providers and ask if they can meet or beat the deals from their competitors. They may not, but it never hurts to ask. [...]