Money Saving Expert Martin Lewis says all Brits should check the outgoings on their bank statement as soon as possible. He's warned it could be 'dangerous' for your bank balance if you don't.
The finance expert said it's important to make sure you're not signed up for any recurring payments you won't realise are being taken from your account.
During a recent interview, he explained how not to get caught out. "Direct debits, standing orders and recurring payments all let money drip from your accounts without needing your approval.
Your bank should be able to provide you with a list of the first two. Recurring payments are little known, and hidden. This is where you give firms permission to take a ‘payment’ each month from your debit or credit card." READ MORE:Iceland in hot water over new packing ban in every UK supermarket Martin warned finding these recurring payments will take "a little digging" through statements.
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