Simple tricks to avoid being ripped off by the banks

Whether it’s credit, debit or a home loan we all use a bank in some capacity.

As the banking royal commission takes place it is clear that some institutions will do whatever it takes to make profit.

Scott Philips gives some simple tricks to avoid being ripped off.

“The financial institutions is probably the greatest leech in the economic world, unfortunately” says Scott.

“Ask them (mortgage brokers) for the second and third best ideas.. don’t just accept the one they give you upfront.”

Watch the full story above.