Danes can save thousands of dollars a year: You only have to do this

Cash flows and personal finances can be a complex size, but this is just here one of the greatest potentials for cash savings.

Many Danes have control of telephone subscription and electricity bill, but may overlook the biggest expense item of them all: the bank.

For new figures show that thousands of dollars can be saved every year if you can otherwise find out what you actually pay.

A new test from the Consumer Council Think lifts the veil of large differences between banks, but also for a market characterized by extreme opaque.

According to the study, consumers can save anywhere from 5,000 to up to DKK 45,000 annually, depending on the type of loan and commitment to the bank.

These things you need to pay special attention to

The savings apply, among other things, mortgages, home loans, car loans and savings. The problem is that it is difficult to see the prices.

« Unfortunately, our new test of bank prices shows that it requires a huge driver’s license in spreadsheets to compare bank prices, and it can cost consumers many thousands of dollars, » says Winni Grosbøll, director of the Consumer Council Think.

The study shows that individual banks operate with up to 1,000 different fees, divided into up to 18 documents.

Price information also varies in both format and language, and the same fee type can appear under widely different names. This makes it difficult for customers to assess whether a better offer is found elsewhere.

No bank stands out as the best for everyone. The choice depends largely on the life situation and needs.

« As consumers, we pay a lot of money to the bank every year, which is why the bank is also one of the places we can save the vast majority of money, » states Winni Grosbøll.

This is precisely why she calls for political action and a common price comparison portal.