Choosing a bank account can be challenging. There are many types of accounts, and each account comes with benefits, and potential drawbacks. Some accounts require minimum balances and incentives for high balances. Others are more suited for day to day accounts that support bill pay and transfers.
The company you bank with may impact your decision as well. For example, you may prefer a local bank or credit union over a national bank. Before you start researching accounts and banks, decide what you want to accomplish. What is the bank account for and what are your goals for the... Articles Tagged ‘Checking’
Tips for Choosing the Right Bank Account
Choosing a bank account can be challenging. There are many types of accounts, and each account comes with benefits, and potential drawbacks. Some accounts require minimum balances and incentives for high balances. Others are more suited for day to day accounts that support bill pay and transfers.
The company you bank with may impact your decision as well. For example, you may prefer a local bank or credit union over a national bank. Before you start researching accounts and banks, decide what you want to accomplish. What is the bank account for and what are your goals for the...
Thursday, February 5th, 2015
Choosing a bank account can be challenging. There are many types of accounts, and each account comes with benefits, and potential drawbacks. Some accounts require minimum balances and incentives for high balances. Others are more suited for day to day accounts that support bill pay and transfers.
The company you bank with may impact your decision as well. For example, you may prefer a local bank or credit union over a national bank. Before you start researching accounts and banks, decide what you want to accomplish. What is the bank account for and what are your goals for the... Questions To Ask Before You Switch Banks
Whether you’re moving to a new neighborhood or city, you’re tired of your bank’s policies or fee schedules, or you’re just looking for additional account benefits, sometimes it makes sense to switch banks. But it can take a bit of time and effort to make the switch (particularly if you’re using your current bank’s online bill pay service), so it’s important to make sure you’re making the right decision for you and your money.
It’s also essential to make sure that you’re basing your decision on solid financial reasoning before you go through that time and effort.
Ask...
Tuesday, August 27th, 2013
Whether you’re moving to a new neighborhood or city, you’re tired of your bank’s policies or fee schedules, or you’re just looking for additional account benefits, sometimes it makes sense to switch banks. But it can take a bit of time and effort to make the switch (particularly if you’re using your current bank’s online bill pay service), so it’s important to make sure you’re making the right decision for you and your money.
It’s also essential to make sure that you’re basing your decision on solid financial reasoning before you go through that time and effort.
Ask... How to Choose a New Bank When Moving
Moving to a new home or apartment can be an exciting development in one’s life. Of course, along with all the planning one has to do for the move itself, consumers also have to do the other things that are necessary to set up a new household; things like opening new utilities accounts in their name, getting new cable television service and the like.
Most consumers will probably also need to find a new local bank to do their banking at. Even if they are moving to a small town, they are likely to have multiple options available to them.
Here’s...
Thursday, May 16th, 2013
Moving to a new home or apartment can be an exciting development in one’s life. Of course, along with all the planning one has to do for the move itself, consumers also have to do the other things that are necessary to set up a new household; things like opening new utilities accounts in their name, getting new cable television service and the like.
Most consumers will probably also need to find a new local bank to do their banking at. Even if they are moving to a small town, they are likely to have multiple options available to them.
Here’s... How Does Overdraft Protection Work?
Wednesday, September 5th, 2012
Bouncing a check doesn’t make you a bad person. It usually occurs as a result of a miscalculation or a scheduled deposit being credited later than anticipated. And with the use of debit cards, we are even more prone to such mistakes due to poor recordkeeping.
Most banks offer overdraft protection these days. This service can save you money in overdraft fees and save you the embarrassment and fees associated with having a check bounce or having a debit card transaction denied. But in order to get the most out of overdraft protection, it’s important to understand what it is,...
Setting up Direct Deposit is Easier than You Think
An important part of taking control of your financial health is recognizing the value of certain types of automatic payments and money transfers. For example, when you set up your checking account to automatically transfer a specific sum into your savings account each month, this “forced” savings habit keeps you progressing towards your goals.
A foundation for these automatic transfers is direct deposit. With direct deposit, rather than receive a paper paycheck from your employer every pay period, your salary or wages are automatically transferred into whatever checking or savings accounts you specify. Setting up direct deposit is a straightforward...
Wednesday, November 30th, 2011
An important part of taking control of your financial health is recognizing the value of certain types of automatic payments and money transfers. For example, when you set up your checking account to automatically transfer a specific sum into your savings account each month, this “forced” savings habit keeps you progressing towards your goals.
A foundation for these automatic transfers is direct deposit. With direct deposit, rather than receive a paper paycheck from your employer every pay period, your salary or wages are automatically transferred into whatever checking or savings accounts you specify. Setting up direct deposit is a straightforward... How to Switch Your Bank and Checking Account
Setting up your first checking account is a simple process. You simply fill out a form, deposit some money and wait for your checks and debit card to arrive. But you’ll most likely switch banks at some point in your life, and that’s where things can get complicated.
When you switch checking accounts, it’s important to take the right steps to ensure that the transition is smooth. A mistake could leave you with overdraft charges, missed direct deposits and a number of other unnecessary headaches.
Here’s some information and advice to guide you through switching bank accounts with as little drama...
Wednesday, October 26th, 2011
Setting up your first checking account is a simple process. You simply fill out a form, deposit some money and wait for your checks and debit card to arrive. But you’ll most likely switch banks at some point in your life, and that’s where things can get complicated.
When you switch checking accounts, it’s important to take the right steps to ensure that the transition is smooth. A mistake could leave you with overdraft charges, missed direct deposits and a number of other unnecessary headaches.
Here’s some information and advice to guide you through switching bank accounts with as little drama... 5 Reasons Online Checking Pays Off
For decades the checking account has been the cornerstone of many personal financial plans. Many of us have our paychecks deposited directly into our checking accounts, and we use our accounts to pay our bills, move money into our savings accounts and fund our IRAs or other retirement plans.
In recent years, a new checking account option – online checking – has matured to the point where it can be a viable alternative to the traditional way of accessing our checking accounts. Online checking accounts are offered by most local banks, as well as by a number of online-only banks....
Tuesday, October 18th, 2011
For decades the checking account has been the cornerstone of many personal financial plans. Many of us have our paychecks deposited directly into our checking accounts, and we use our accounts to pay our bills, move money into our savings accounts and fund our IRAs or other retirement plans.
In recent years, a new checking account option – online checking – has matured to the point where it can be a viable alternative to the traditional way of accessing our checking accounts. Online checking accounts are offered by most local banks, as well as by a number of online-only banks.... How, and When, To Use A Prepaid Bank Card
Prepaid bank cards look similar to traditional credit and debit cards. Since they carry the Visa or MasterCard logo prepaid cards are accepted as payment nearly everywhere traditional cards are accepted. In truth, however, prepaid bank cards are a special type of payment method.
With a prepaid bank card, the cardholder deposits a certain amount of money with the card company, and can then make purchases using the card. Each purchase reduces the balance of their card account, so when their account balance is too low, the card will no longer work. In order to open an account, the cardholder...
Tuesday, October 11th, 2011
Prepaid bank cards look similar to traditional credit and debit cards. Since they carry the Visa or MasterCard logo prepaid cards are accepted as payment nearly everywhere traditional cards are accepted. In truth, however, prepaid bank cards are a special type of payment method.
With a prepaid bank card, the cardholder deposits a certain amount of money with the card company, and can then make purchases using the card. Each purchase reduces the balance of their card account, so when their account balance is too low, the card will no longer work. In order to open an account, the cardholder... Tips for Making the Most of Your Checking Account
Your checking account is more than a place to store your money. With all of the different accounts and options in today’s banking world, most people give little thought to their checking accounts. With paper checks becoming practically obsolete, they’re just a place to hold our money until we withdraw it from the ATM or spend it with our debit cards. Right?
Not really. While a checking account’s primary function is to store money until it’s needed, it can do so much more if you know how to use it.
Here is some advice and tips to help you get...
Thursday, September 29th, 2011
Your checking account is more than a place to store your money. With all of the different accounts and options in today’s banking world, most people give little thought to their checking accounts. With paper checks becoming practically obsolete, they’re just a place to hold our money until we withdraw it from the ATM or spend it with our debit cards. Right?
Not really. While a checking account’s primary function is to store money until it’s needed, it can do so much more if you know how to use it.
Here is some advice and tips to help you get... Online Banking Security Advice
Online banking is one of those modern conveniences that many of us can’t imagine living without. It just makes our lives so much easier. Things that once required a trip to the bank, or at least a phone call, can now be done with a few clicks of a mouse.
But all that convenience does come with some drawbacks. The popularity of online banking has opened new doors for criminals, making identity theft and bank fraud easier to commit. The banks are responsible for making their websites as secure as possible, but it’s up to account holders to use good...
Wednesday, September 21st, 2011
Online banking is one of those modern conveniences that many of us can’t imagine living without. It just makes our lives so much easier. Things that once required a trip to the bank, or at least a phone call, can now be done with a few clicks of a mouse.
But all that convenience does come with some drawbacks. The popularity of online banking has opened new doors for criminals, making identity theft and bank fraud easier to commit. The banks are responsible for making their websites as secure as possible, but it’s up to account holders to use good... 
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