New organ donor changes to come for Wales

This is one of those examples of how important it is to keep track of changes, whether it is for health or banking.

07:28 06 July 2013

Wales has passed a new system that assumes permission has been given for organ donation unless a person has specifically opted out. It is times like this which remind us how important it is to be aware of notifications. With this new ruling, people who do not want to donate organs may ultimately have no choice if they fail to pay attention to notices that alert them to the new policy.

Banking can also have detrimental consequences if notices are ignored. Here are just a few things that can change with your banking accounts:

• Interest rates—if you have loans or savings accounts, the interest rates can change fairly frequently with your banking entity. Keeping on top of this means that you might be able to move to another bank before you receive a higher bill, or lower savings earnings than expected.

 

• Fees—banking entities can have multiple different types of fees that are charged for any number of things. This is the situation for credit cards as well, and if these change you’ll usually either receive an electronic notification or paper one. It’s essential to keep track of these so you avoid unnecessary fees that drain your funds.

 

• Minimum balance amounts—whether or not your banking entity currently requires a minimum balance in accounts such as savings and cheque accounts, things could change in the future. The bank could establish a minimum or if it already has one, it could change the amount.

 

• Policies—every banking entity has their own set of policies that could change. These may be minor and may not have any kind of financial impact on you, but if there are changes you’ll still want to know about them in case it could affect you in the future. If the time of day where deposits are credited changes that could definitely have a financial impact.