Finding Your Perfect Bank
Banks can be confusing. Let us help you simplify the process of selecting the right bank that best fits your lifestyle.
A few things to consider...
When looking for a bank, you should first consider location. If seeing the people that handle your money is important to you, you'll want to choose an institution that has a local office in your area.
In the same vein as location, you should also be aware of where the bank's ATMs are located. More widely available ATMs help you get cash when you need it, without the hassle of extra withdrawal fees.
If you work 9:00 to 5:00 every day, make sure the bank has hours that will accommodate you. Most banks now offer Saturday hours, though usually limited. Some banks even stay open until 6:00 during the week.
Since you're looking for someone to handle your money, make sure their customer service is a cut above the rest. Research the bank's customer service online and read customer reviews.
Opening a Checking Account
Once you've decided on a bank, you'll want to get a checking account open. Checking accounts are a great personal finance tool and will allow you to better keep track of your money.
With a checking account, you can typically pay bills without having to send a physical check or transfer money to other people or businesses. You can also cash your paychecks (or set up direct deposit) without paying fees to a check-cashing company.
You'll also be able to keep a good record of your finances. Most banks now offer online banking, where you can log in and view your debits (spending), credits (deposits), or even make a full-blown budget!
Make sure you understand any and all features or fees on your account, including, but not limited to, check fees, balance inquiry fees, ATM fees and overdraft fees.